EU proposals by way of the cep PolicyBriefs , cep Inputs , and cep Studies , keeps a close eye on the European legislative process in the European Parliament and in the [...] cep | Centre for European Policy is the European-policy think tank of the non-profit foundation Stiftung Ordnungspolitik. Objective cep provides the wider public with up-to-date information and comprehensive background knowledge about policy proposals of the EU, evaluates EU proposals on the basis of modern, liberal, market-based ordoeconomics – before they are adopted highlights
The environment ministers of the EU member states will meet on Friday to prepare the EU position for the UN Climate Change Conference, which takes place in Paris between 30 November and 11 December. The Council is expected to adopt conclusions reflecting its negotiating position. See also our cepPolicyBrief on the matter.
The European Parliament will debate this Tuesday the plans of the EU Commission for the establishment of a Capital Markets Union. The Commission aims to improve access to financing for, in particular, small and medium-sized enterprises, increase and diversify the sources of funding for businesses and make capital markets more effective and efficient. See also our cepPolicyBrief on the matter.
In its PolicyBrief, cep concludes that the Commission can obtain value added most notably by coordinating standardisation processes. In cep's view, however, the proposed "political process" for achieving standardisation targets is only acceptable if the Commission restricts itself – now and in the future – to general support for standardisation and does not influence the content of standards. Equally, the Commission must also refrain from influencing the content of certification standards by introducing a trusted label.
EU Commission President Jean-Claude Juncker said in his annual State of the Union address on Wednesday that one example of where the European Union is already leading is in its action on climate change. Referring to the upcoming climate conference in Paris, Juncker said the EU had made “the most ambitious contribution presented to date,” while “others are following, some only reluctantly.” See also our cepPolicyBrief on the matter.
Five months before the crucial phase of the Climate change conference (COP 21) in Paris, EU Environment Ministers will meet on Wednesday and Thursday in Luxembourg in order to discuss climate finance, the Luxembourg EU presidency said. The ministers will also have a first discussion round on the core elements of the EU negotiation mandate for Paris, which should be adopted by the Environment Council in September. See also our cepPolicyBrief on the matter.
ECB Governing Council member Carlos Costa urged the EU on Monday to rapidly scale up the European bank resolution fund, Reuters reported. The Single Resolution Fund (SRF) “needs to be duly funded,” Costa said according to the news agency. The SRF will assume residual bank resolution costs as from this year. It will be supplied from the levies paid by the banks to the national compartments of the fund, whose means will be gradually mutualised. During the build-up phase, SRF resources are unlikely to be sufficient for a resolution. See also our cepPolicyBrief on the matter.
Financial Markets Regulation. In spring 2015, cep has already given support for establishing a Capital Markets Union in a cep PolicyBrief .
German Chancellor Angela Merkel has called for the EU’s emissions trading system to become a global system. "This instrument would of course be particularly effective if we could introduce it beyond Europe because then we'd have the same general framework around the world," Merkel said in her weekly video podcast. Merkel and France’s President Francois Hollande will attend on Tuesday the “Petersberg Climate Dialogue” in Berlin, to prepare for the UN Climate Change Conference in Paris in December. The informal talks were launched by Merkel in 2010. See also our cepPolicyBrief on the EU Commission