- Metaverse: Europe’s plans for the immersive Internet
- IRA: Von der Leyen announces new investment policy
- Independence in solar sector would cost 44 billion dollars
- Council to expand gas price cap
- Europe SPD criticizes short deadline for hydrogen legislation
- Euro 7 dossier goes to ECR
- Ecofin: Likely no fiscal reform yet
- Heads: Annika Thies – Europe networker at DESY
As of today, the price cap on Russian oil is effective after all EU states, including Poland, as well as the G7 have agreed to it. The Russian government announced reactions on Sunday. It will only sell crude oil and oil products to countries that do not comply with the price cap, even if this means cutting its own production, said Energy Minister Alexander Novak.
Yesterday, Ursula von der Leyen positioned herself in the trade dispute with the USA. The Commission President announced, for example, that regulations on public investment would be relaxed. The promotion of mass production will probably also be permitted in the future – which would benefit Germany. Read more in the News section.
Relations with another world power are also a topic in the solar power sector. Nico Beckert has written down how much it would cost the EU to become more independent of Chinese production.
Industry Commissioner Thierry Breton announced a new initiative for virtual worlds and the metaverse. For her analysis, Corinna Visser asked around what the German government and industry expect from regulation.
Manuel Berkel
Feature
Metaverse: Europe’s plans for the immersive Internet
The metaverse is still largely untapped territory. Not even an exact definition of the immersive Internet exists. Nevertheless, companies like Meta, Microsoft and Google already invest billions in these new digital spaces, created through the convergence of virtual, augmented and physical reality. And this time, the EU wants to have a say in virtual land grabbing.
Commissioner for the Internal Market Thierry Breton announced a new initiative on virtual worlds and the metaverse back in September. Breton listed three points on which this initiative should focus: People, technology and infrastructure. But what is the EU planning?
Building an ecosystem for the metaverse
Since 2020, the Commission has started to organize an ecosystem for the metaverse. It has brought together players from along the value chain – from hardware manufacturers to technology companies to content providers and users to form a VR/AR industry coalition. This was announced by the Commission in the Media and Audiovisual Action Plan. It began its work in September.
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