Munich Security Conference panel sees Middle Corridor as peace catalyst
Senior officials from Azerbaijan, the European Union and China used the stage at the Munich Security Conference to promote the Trans-Caspian Internati...
France, Italy, and Slovakia have urged the EU to simplify its carbon border levy rules this year, calling for reduced red tape and standardized emissions calculations to ease the burden on businesses.
France, Italy and Slovakia have demanded the EU amend its carbon border levy this year to simplify the rules for businesses covered by the scheme, a document seen by Reuters showed.
The European Commission has already proposed changes that would exempt 90% of companies from the carbon border levy, which from 2026 will impose costs on imports of CO2-heavy goods including steel and cement.
The policy is designed to shield European producers against cheaper rivals in countries with less ambitious climate laws, and prevent them shifting investments abroad to countries including the U.S., where the Trump administration is aggressively rolling back regulation.
France and Italy, the European Union's second and third-biggest economies, demanded on Thursday that Brussels goes further in paring back the policy's administrative rules. This could include by letting companies use standardised calculations for the emissions produced by goods, France, Italy and Slovakia said in a joint paper seen by Reuters.
This would ease the reporting burden for companies covered by the rules, they said, echoing broader calls from some governments and businesses for Brussels to cut red tape to help struggling industries regain a competitive edge.
"The complexity of this system can lead to delays and a significant increase in management and operational costs for European companies," the paper said.
EU countries and lawmakers must negotiate and approve the Commission's proposed changes to the carbon border tariff in the coming months - giving them an opportunity to make further changes to the rules.
The three countries said Brussels should also consider giving European exporting companies free CO2 permits, to help them compete in global markets with rivals that do not pay pollution costs.
Through its bloc-wide carbon market, the EU requires manufacturers to pay for each ton of planet-heating CO2 they emit. China and some U.S. states also have carbon markets, but Europe's CO2 price is far higher than that of other major economies.
EU countries' environment ministers will discuss the three countries' proposal at a meeting in Brussels on Thursday.
Europe heads into the Munich Security Conference, on Friday (13 February), amid deepening unease over U.S. policy, as President Donald Trump’s hard-line stance on defence, trade and territory fuels doubts about Washington’s long-term commitment to transatlantic security.
American figure skating star Ilia Malinin endured a dramatic collapse in the men’s free skate on Friday night, falling twice and tumbling out of medal contention at the Milan Cortina Winter Olympics as Kazakhstan’s Mikhail Shaidorov surged to a surprise gold medal.
“Respected and feared globally,” U.S. President Donald Trump told troops at Fort Bragg on Friday (13 February), framing America’s renewed strength against to mounting pressure on Iran amid stalled nuclear talks.
Dubai-based global ports operator DP World said on Friday that its long-serving chairman and chief executive, Sultan Ahmed Bin Sulayem, has stepped down following mounting pressure linked to alleged ties to disgraced financier Jeffrey Epstein.
Speaking at Munich Security Conference, Ukrainian foreign minister Andrii Sybiha calls for decisive steps ahead of expected Geneva talks
The administration of U.S. President Donald Trump on Thursday (12 February) announced the repeal of a scientific finding that greenhouse gas emissions endanger human health, and eliminated federal tailpipe emissions standards for cars and trucks.
Tropical Cyclone Gezani has killed at least 31 people and left four others missing after tearing through eastern Madagascar, the government said on Wednesday, with the island nation’s second-largest city bearing the brunt of the destruction.
Rivers and reservoirs across Spain and Portugal were on the verge of overflowing on Wednesday as a new weather front pounded the Iberian peninsula, compounding damage from last week's Storm Kristin.
Morocco has evacuated more than 100,000 people from four provinces after heavy rainfall triggered flash floods across several northern regions, the Interior Ministry said on Wednesday.
Greenland registered its warmest January on record, sharpening concerns over how fast-rising Arctic temperatures are reshaping core parts of the island’s economy.
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