Industry

All news and posts of our editorial team on the topic

COP15: dispute over financing and the private sector’s role
Financing the biodiversity targets is the Achilles' heel of the UN Biodiversity Conference (COP15). In addition to mobilizing public funds, this involves nothing less than aligning the entire economy with "nature positive." Support comes from the private sector itself. continue reading →
EU Single Market: from economic to protective area
The European Single Market has been in existence for almost 30 years, but it is still a long way from completion. The EU Commission, the European Parliament and the Swedish Council Presidency want to give new impetus to this major project and at the same time reach a new stage of development. continue reading →
New rules for a more attractive EU capital union
On Wednesday, the EU Commission presented a series of draft laws aimed at making the EU capital markets more attractive, autonomous and resilient. Specifically, the aim is to strengthen clearing systems in the Union and harmonize insolvency rules. Also relevant to strengthening the digital economy is the legislation on listing on public markets (Listing Act). […] continue reading →
Federal government wants industrial electricity price of 13 cents
The German government wants to cap the price of electricity for private households at 40 cents per kilowatt hour from the beginning of next year. This would apply to a basic quota of 80 percent of projected annual consumption, according to a paper released by the federal government ahead of consultations with the Conference of […] continue reading →
Raw materials strategy: Habeck and Russwurm found agreement
German Economy Minister Habeck presented possible support instruments to ensure a stable supply of raw materials to German industry yesterday. He said that everyone recognized the urgency and direction of the measures. This does not sound like the raw materials paradigm change NGOs call for. continue reading →
Euro 7 leak: Commission extends hand to industry over crisis
This is what the EU Commission plans for the next stage of emissions regulation: Euro 7 is to be less strict than planned for cars and vans. Manufacturers of trucks and buses, on the other hand, must expect tougher requirements. continue reading →
Standards: Influence of third countries will be limited
EU member states and the European Parliament have agreed to limit the influence of third countries in the European standardization organizations. The two institutions thus largely followed a corresponding proposal by the EU Commission in February. The background is concern that large companies from China and the US have too much weight when new industry […] continue reading →
Considering industry impact: Commission wants to put REACH on hold
According to information available to Europe.Table, Commission President von der Leyen has announced that the revision of the Chemicals Regulation will be postponed. Industry and members of the European Union pushed for this – they warn of further burdens. But resistance is stirring among the member states. continue reading →
Protection of the internal market is a delicate task
With the Single Market Emergency Instrument (SMEI), the EU Commission has published a European emergency instrument for the European single market. But the result is rather unsatisfactory and in parts, a no-go for companies, according to Karl Haeusgen, President of the Mechanical Engineering Industry Association VDMA. He rejects far-reaching interventions in entrepreneurial freedom. continue reading →
Breton: finance industrial policy through joint debt
EU Commissioner for the Internal Market, Thierry Breton, has expressed his support for financing a new EU Sovereignty Fund through debt. Unconventional ideas are needed in the face of numerous challenges and little room for maneuver in the EU’s Multiannual Financial Framework, Breton wrote in a blog post. “In this respect, I believe that we […] continue reading →
Electricity price compensation for industry: What does the 27.5 billion mean?
The German government has been granted permission to give energy-intensive companies a helping hand in the face of rising electricity costs. The industry has been eagerly awaiting approval from Brussels. But how exactly the €27.5 billion will be distributed and whether it will deliver what it promises remains to be seen. continue reading →
CSR Directive: VDMA calls for streamlining of reporting requirements
The European Financial Reporting Group (EFRAG) is drafting new standards for sustainability reporting requirements. These requirements, however, would benefit the environment less than the consulting industry, as it would enable the latter to acquire new customers, according to VDMA’s Sarah Brückner. continue reading →
Gas levy: heavy burden for industry
The German steel industry is expecting additional costs of €500 million a year due to the gas levy. The levy is significantly increasing the cost pressure on the steel industry already caused by the extreme price increases on the energy markets, explained Hans Jürgen Kerkhoff, President of the German Steel Federation, on Monday in Berlin. […] continue reading →
Chemicals company Evonik wants to replace natural gas
The chemicals company Evonik wants to partially replace natural gas with other substances at its German sites. In total, up to 40 percent of Evonik’s German natural gas supply could be replaced without significantly restricting chemical production, the company reported in Essen on Monday. According to its own figures, Evonik procures a total of around […] continue reading →
Germany’s start-up strategy and Europe’s contribution
When the German government adopted its start-up strategy last week, the goals were ambitious. With the self-proclaimed "Progress Coalition", Germany is to finally see the emergence of more unicorns – and improve the conditions for them. The European component also has a key role in this. continue reading →
Italy lacks €9 billion from excess profits tax
Many Italian energy companies have apparently refused to make an initial payment of an excess profits tax due by the end of June. The government is thus missing revenue of more than €9 billion, according to a document from the Finance Ministry in Rome obtained by the Reuters news agency on Tuesday. Between €10 and […] continue reading →
Gas saving with exceptions for the chemical industry
According to information obtained by Europe.Table, the member states could impose extensive gas-saving exemptions for the chemical industry today. Meanwhile, as of Wednesday morning, Gazprom will halve all gas coming through Nord Stream 1. continue reading →
Critical raw materials: Should Europe build reserves?
To relieve supply chains and ensure production continuity, companies could build up raw materials reserves. Japan, China, and the USA are miles ahead of Berlin and Brussels where the topic is being discussed. So far, however, this approach has been too expensive. Government stocks could also be part of the strategy. continue reading →