EU to keep climate goals but loosen rules for companies, says green chief

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Financial Times 17h ago

EU to keep climate goals but loosen rules for companies, says green chief - Financial Times

Quick Summary:

Another area of action will be to drastically cut the number of small and medium companies affected by existing environmental regulations, reducing their reporting requirements and giving businesses more time to comply with the revised rules.

A Clean Industrial Deal will lay out how to boost demand for made-in-Europe products — from steel to chemicals and cars — through streamlining public procurement and allowing the most power-intensive plants to get backing from the European Investment Bank when they purchase energy.

Ribera on Wednesday will set out the Commission’s plan for how to strike that balance between sticking to climate goals and improving the continent’s flagging competitiveness.