Page 65 - European Union

European Union agrees to boost green fuels for aviation, cut emissions

New rules requiring airlines to use more sustainable fuels across the European Union have been agreed by negotiators from member countries and the EU Parliament in a bid to help decarbonise the sector. The European Commission, the bloc's executive arm, said Wednesday that the deal reached by member states and the European Parliament demands that suppliers blend sustainable aviation fuels with kerosene in growing amounts from 2025. The move is expected to reduce aircraft carbon emissions by two-thirds by 2050 compared to a no action' scenario, and provide climate and air quality benefits by reducing non-CO2 emissions," the Commission said. The aviation sector accounts for 13.9 per cent of transportation emissions in the EU, making it the second biggest source of greenhouse gas emissions in the sector after road transport, the Commission says. If global aviation were a country, it would rank in the top 10 emitters. The political agreement is part of the EU 's Fit for 55 package, whic

Russia's Lavrov warns that EU is becoming militarised now, like NATO

Russia's top diplomat warned Tuesday that the European Union is becoming militarised at a record rate and aggressive in its goal of containing Russia. Foreign Minister Sergey Lavrov told a news conference he has no doubts that there is now very little difference between the EU and NATO. Lavrov said they recently signed a declaration, which he said essentially states that the 31-member NATO military alliance will ensure the security of the 27-member EU political and economic organisation. He was apparently referring to a Jan. 19 EU-NATO declaration on their strategic partnership which calls Russia's Feb. 24, 2022, invasion of Ukraine the gravest threat to Euro-Atlantic security in decades. It calls the present moment a key juncture for Euro-Atlantic security and stability and urges closer EU-NATO cooperation to confront evolving security threats, saying this will contribute to strengthening security in Europe and beyond. And it encourages the fullest possible involvement of NATO ...

Twitter, YouTube, Insta among sites to face scrutiny under new EU rules

Twitter, Alphabet's YouTube and Google Shopping, and Meta Platform's Facebook and Instagram, as well as TikTok and Snapchat, will be required to meet the additional requirements

EU following Indian model of ensuring safe, trusted Internet: Chandrasekhar

Union Minister of State for Electronics and IT, Rajeev Chandrasekhar said that the European Union is following the India model of a safe Internet by making social media intermediaries accountable

EU nations seek to end Ukraine farm import standoff amid Russia's war

Hoping to maintain a unified stance on Russia's war in Ukraine, the European Union on Tuesday looked for a way to satisfy the concerns of member nations facing a destabilizing glut of Ukrainian farm exports. The 27-nation EU lifted agricultural import restrictions last year to help Ukraine get its vast grain supplies to world markets amid a Russian blockade. Eastern European nations like Poland, Hungary, Bulgaria and Slovakia have since reported being flooded with imported products. To protect their farmers, the countries unilaterally banned Ukrainian farm imports for their national markets. The moves went against the principle that the EU sets trade policy for all 27 nations and could give the impression that the bloc is fighting internally instead of facing Russia jointly. We are really, really afraid of the consequences of these unilateral restrictions. And Finland sees that this restrictions can call into question unity in support of Ukraine, Finnish Agriculture and Forestry ...

India exploring options after WTO panel ruling, rules out immediate impact

The statement comes a day after Business Standard reported quoting an EU spokesperson that EU may impose retaliatory tariffs on Indian goods if New Delhi doesn't abide by the WTO ruling

Microsoft to stop bundling Teams with Office to avoid antitrust probe

Meanwhile, Twitter CEO Elon Musk has threatened to sue Microsoft over claims that the company "trained illegally using Twitter data"

Iran slaps 'retaliatory' sanctions on EU, British individuals, entities

The Iranian Foreign Ministry has imposed sanctions on 17 individuals and four entities of the European Union and the UK for "supporting terrorism and fomenting violence and unrest in Iran"

EU evacuates 1,200 European citizens from Sudan, says foreign affairs chief

The European Union (EU) has completed the evacuation of 1,200 European citizens on 31 flights from Sudan, the bloc's foreign affairs chief Josep Borrell said

Top headlines: WTO ICT levy dispute, Micron's semiconductor plant & more

Business Standard brings you top headlines at this hour

ICT levy dispute at WTO: EU may opt for retaliatory tariffs on Indian goods

The EU had earlier approached India to resolve the matter through the MPIA

Air Pollution Killing 1200 young people every year in Europe: EEA Report

Air Pollution causes 1200 premature deaths every year in Europe. The air pollution level in Europe is below the recommended level of the WHO

India explores all options to deal with EU's proposed carbon border tax

Begins sector-wise analysis to assess the impact

India, EU to team up for drone regulation and air traffic monitoring

Final agreement between two sides will enable exchange of data on flight plans

India, EU sign MoU for cooperation in aviation safety, air traffic control

The Directorate General of Civil Aviation (DGCA) on Thursday signed a memorandum of understanding with the European Union Aviation Safety Agency (EASA) for cooperation in aviation safety. The agreement was signed on the first day of the EU-India Aviation Summit here where the Airport Authority of India also signed a declaration of intent with Eurocontrol, a pan-European, civil-military organisation dedicated to supporting European aviation. While the MoU between DGCA and EASA will focus on collaboration at regulatory level and safety level, the declaration of intent between AAI and Eurocontrol will be focused on the area of air traffic control. Aviation Minister Jyotiraditya Scindia said India and EU share historical relations and invited industry players from EU to become a part of the fastest growing aviation market in the world. "India and the EU have shared strong historical relations which continue to grow today on the back of robust physical, digital and people-to-people ...

BRICS surpass G7 GDP, India, China major economies with fast growth

The inflationary pressures, coupled with relentless rate hikes by central banks around the world, have hit Europe hard

A dispute lost

Electronics tariffs must be temporary at best

European Parliament adopts key laws from 'Fit for 55 in 2030 package'

The European Parliament approved the deals reached with EU countries in late 2022 on several key pieces of legislation that are part of the "Fit for 55 in 2030 package"

Top headlines: I-T scanner on Angel investments, Tata-Wistron deal & more

Business Standard brings you top headlines at this hour

EU lawmakers adopt deals on emissions trading, carbon tax by 55%

European Union lawmakers on Tuesday adopted key pieces of a package designed to achieve the EU's climate goals of cutting emissions of the gases that cause global warming by 55 per cent over this decade. European Parliament members approved deals to reform the 27-nation bloc's emissions trading system, introduce a so-called carbon border adjustment mechanism and to create a new hardship fund for vulnerable households and small businesses affected by higher fuel costs arising from the new measures. The reform of the emissions trading system, which covers about 40 per cent of the EU's greenhouse gas emissions, stipulates that European industries and energy companies should cut emissions by 62 per cent by 2030 compared to 2005 levels, compared to a target of 43 per cent under the previous rules. To ensure a level playing field, member nations also agreed in December to introduce a tax on foreign companies that want to import products which don't meet the climate-protection standards wi