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it.","sponsors":[]},"c":8588296235689,"s":152},"3028648337777":{"v":{"mustRead":[{"id":"ar7aff2577","headline":"EU to 'mobilise' €100bn to boost clean industries and tackle energy costs","abstract":"“We’re showing that we’re a safe continent with clear rules for investment ,” said EU executive vice president Stéphane Séjourné. “We don’t have a chainsaw, but we have competent people leading the charge.”\n\n ","body":"<p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">The EU Commission laid out its plan to ‘mobilise’ €100bn to boost clean industries and lower energy prices, particularly for green electricity.</span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">“Almost all our industrial sites face the same problem — energy costs are too high, and the power market is too volatile. Industry needs to be able to sidestep this,” EU executive vice president Stéphane Séjourné, who is directly responsible for the EU’s industrial strategy, told reporters on Wednesday (26 February).</span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">The goal is to cut €45bn from gas import bills this year, €130bn by 2030, and €240bn by 2050, primarily by boosting the adoption of renewables.</span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">This will help 47 million EU citizens struggling to pay their monthly bills and support energy-intensive industries, which currently pay two to three times more for energy than competitors in the US and China.</span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">There is also a geopolitical reason to reduce fossil fuel reliance: “Since the start of the war, we have spent on Russian fossil fuels the equivalent of 2,400 F-35 fighter jets,”</span><a href=\"https://euobserver.com/eu-and-the-world/arec2ca46d\" class=\"rte-link\"><span style=\"white-space: pre-wrap;\"> </span><u><span class=\"rte-underline\" style=\"white-space: pre-wrap;\">said energy commissioner Dan Jørgensen</span></u></a><span style=\"white-space: pre-wrap;\">. “This can obviously not stand.”</span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">To speed up the European energy transition, the commission is proposing to relax national state aid rules to get more money flowing into wind, solar, and other clean energy projects, including gas and hydrogen.</span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">Other measures include the reduction of energy taxes to EU minimums: member states would be encouraged to lower electricity taxes, with value-added tax (VAT) capped at five percent.</span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">Finally the EU will speed up approval times for green kit from years — or even decades — to six months for simple projects and two years for bigger ones like grids.</span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">The plan sidesteps the question of which sectors should take priority, but the commission does hint at a direction, with strategies in the works for automotives, chemicals and steel. </span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">Séjourné also said a plan for an EU-based battery supply chain will be announced in March. </span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">“It is unacceptable that we export black mass for batteries, only to buy the finished product back at a much higher price later,” he said.</span></p><h3 class=\"rte-h3\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">Buy European</span></h3><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">The EU also seeks to create a bigger market for European-made cleantech by changing its public procurement legislation, which is up for review next year.</span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">“We must totally rethink public procurement — moving away from a solely cost-based approach to one that prioritises sustainability and EU preference,” said Séjourné.</span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">He also stated that the EU would “bolster” the uptake of long-term energy contracts, mostly by helping governments develop long-term agreements that guarantee a fixed price (range) for generators.</span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">To stabilise prices, Jørgensen added that the commission “will look at” how to decouple retail power prices from high gas costs, though the current plan offers no further details on this.</span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">Speaking to procurement, Irene Domínguez Pérez, policy manager at energy NGO Bellona Europa, said: “Small cracks can sink big ships. It is not enough that the revision of the procurement directives will ‘allow’ for sustainability and resilience criteria; these criteria must be mandatory.”</span></p><h3 class=\"rte-h3\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">Safer than Trump bet</span></h3><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">The EU used Wednesday’s proposal to position itself as the safer bet for green investment compared to the US under president Trump.</span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">“We’re showing that we’re a safe continent for investment with clear rules,” said Séjourné. “We don’t have a chainsaw, but we have competent people leading the charge,\" in an apparent reference to</span><a href=\"https://www.bbc.com/news/articles/cly25yny3ego\" class=\"rte-link\"><span style=\"white-space: pre-wrap;\"> </span><u><span class=\"rte-underline\" style=\"white-space: pre-wrap;\">Elon Musk wielding a chainsaw</span></u></a><span style=\"white-space: pre-wrap;\"> earlier this week.</span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">While the plan may be rules-based, some of the financing remains unclear. The €100bn Industrial Decarbonisation Bank is not a lump sum but a mix of guarantees, reshuffled funds, and financial manoeuvring.</span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">A big slice comes from the Innovation Fund, which is expected to raise around €40bn by 2030</span><a href=\"https://carbonmarketwatch.org/eu-ets-revenue-simulator/\" class=\"rte-link\"><span style=\"white-space: pre-wrap;\"> </span><u><span class=\"rte-underline\" style=\"white-space: pre-wrap;\">from fluctuating</span></u></a><span style=\"white-space: pre-wrap;\"> ETS revenues—money that depends on carbon prices staying high but which, under the new plan, should bring in “additional funds.”</span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">Another source of funding is InvestEU. Often framed as a €372bn fund, it is backed by only €26.2bn in direct EU funds, with the rest relying on private investors.</span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">Tweaks to InvestEU rules are meant to stretch the pot by another €50bn, but that too depends on private capital and carbon revenues actually materialising.</span></p>","contributors":[{"id":"eud6dc869c","firstName":"Wester van","lastName":"Gaal"}],"publishDate":1740589589318,"section":[{"id":"50739332cc","title":"Green Economy"}],"articleType":[],"img":{"id":"fi760fae28","src":"https://files-production-saulx-eu-observer-production-en-ci-hyp-xx0.based.dev/fi760fae28/278aab3e-1546-4481-9400-8e5851d769ba-1f173bdf-845b-4f5d-b01b-85e9d72f8fe6-2d9d0269-4cfb-4ef7-9281-736ebf411573.png"}},{"id":"ar79f9f307","headline":"Ukraine ready to sign US minerals deal without 'security guarantees'","abstract":"The United States and Ukraine are on the brink of concluding a minerals agreement worth hundreds of billions of dollars in a move that could make Ukraine a critical part of the international supply chain for critical materials. ","body":"<p class=\"rte-p\" dir=\"ltr\" style=\"text-align: left;\"><span style=\"white-space: pre-wrap;\">The United States and Ukraine are on the brink of concluding a minerals agreement worth hundreds of billions of dollars in a move that could make Ukraine a critical part of the international supply chain for critical materials.  </span></p><p class=\"rte-p\" dir=\"ltr\" style=\"text-align: left;\"><span style=\"white-space: pre-wrap;\">Ukrainian president Volodymyr Zelensky is expected to formally sign the agreement with US counterpart Donald Trump in Washington on Friday (28 February), although the visit is yet to be confirmed. </span></p><p class=\"rte-p\" dir=\"ltr\" style=\"text-align: left;\"><span style=\"white-space: pre-wrap;\">Zelensky told reporters on Wednesday that he hopes to discuss the possibility of using Russia’s frozen assets for mining resources development, weapons purchase and reconstruction. </span></p><p class=\"rte-p\" dir=\"ltr\" style=\"text-align: left;\"><span style=\"white-space: pre-wrap;\">He also said that the preliminary minerals deal is more a “framework” as further details are still being worked out. </span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">But Zelensky also sees it as an opportunity to push for security guarantees. “I wanted to have a sentence on security guarantees for Ukraine, and it’s important that it’s there,” he said. </span></p><p class=\"rte-p\" dir=\"ltr\" style=\"text-align: left;\"><span style=\"white-space: pre-wrap;\">“This agreement signifies our commitment to lasting peace and strong partnership, as well as the US desire to participate in Ukraine’s reconstruction,” said Ukrainian deputy prime minister Olha Stefanishyna in a written statement on Wednesday (26 February). </span></p><p class=\"rte-p\" dir=\"ltr\" style=\"text-align: left;\"><span style=\"white-space: pre-wrap;\">The agreement will see the US obtain Ukrainian mineral resources in lieu of payment for military support in Ukraine's defensive war against Russia. It will also establish a joint investment fund that will help finance the reconstruction of Ukraine’s infrastructures, to which 50 percent of future revenues from its government-owned natural resources will be contributed. </span></p><p class=\"rte-p\" dir=\"ltr\" style=\"text-align: left;\"><span style=\"white-space: pre-wrap;\">However, Zelensky rejected the notion that Ukraine will repay money given to it by the US as part of the minerals deal. </span></p><p class=\"rte-p\" dir=\"ltr\" style=\"text-align: left;\"><span style=\"white-space: pre-wrap;\">“I will not accept [even] 10 cents of debt repayment in this deal. Otherwise, it will be a precedent,” he said at the press conference on Wednesday. </span></p><p class=\"rte-p\" dir=\"ltr\" style=\"text-align: left;\"><span style=\"white-space: pre-wrap;\">Trump has falsely claimed that the US has given Ukraine $350bn [€333bn] since February 2022. The actual figure is around $120bn, according to the Kiel Institute for the World Economy. </span></p><p class=\"rte-p\" dir=\"ltr\" style=\"text-align: left;\"><span style=\"white-space: pre-wrap;\">Officials have indicated that the minerals pact does not include concrete security guarantees from Washington. Instead, the text states that the US was \"supporting Ukraine's efforts to obtain security guarantees needed to build lasting peace\". </span></p><p class=\"rte-p\" dir=\"ltr\" style=\"text-align: left;\"><span style=\"white-space: pre-wrap;\">It is estimated that about five percent of the world's critical raw materials are in Ukraine, including substantial supplies of graphite, which is used to make batteries for electric vehicles, and a third of European lithium deposits, the key component in current batteries. </span></p><p class=\"rte-p\" dir=\"ltr\" style=\"text-align: left;\"><span style=\"white-space: pre-wrap;\">Prior to Russia’s invasion in February 2022, Ukraine also produced seven percent of the world's titanium. It also has sizeable uranium deposits. </span></p><figure><img src=\"https://files-production-saulx-eu-observer-production-en-ci-hyp-xx0.based.dev/fi87a83841/3847fcdb-0e3d-4ca5-b6dd-f2bbd5daff1d-f111b178-ce47-4ce3-822c-fc46862eafd8-99164ce0-2459-4f85-be24-b9876138ec00.jpeg\"><figcaption>Ukraine's critical materials (Source: Ukrainian Geological Survey)</figcaption></figure><p class=\"rte-p\"><br></p><h2 class=\"rte-h2\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">But where, and how much? </span></h2><p class=\"rte-p\" dir=\"ltr\" style=\"text-align: left;\"><span style=\"white-space: pre-wrap;\">However, there are major question marks over the true scale of Ukraine’s reserves of minerals and rare earths. President Trump had put their value at $500bn but such figures are US government “slogans” said Olga Slyvynskal, head of international relations at the Kyiv School of Economics. </span></p><p class=\"rte-p\" dir=\"ltr\" style=\"text-align: left;\"><span style=\"white-space: pre-wrap;\">“Ukraine needs to protect its own interests and the way this agreement is formed should be beneficial for both parties, not only Amercians. That’s something that needs to be monitored,” she told EUobserver. </span></p><p class=\"rte-p\" dir=\"ltr\" style=\"text-align: left;\"><span style=\"white-space: pre-wrap;\">Slyvynskal added that the country currently lacks an updated and rigorous analysis of the resources available to Ukraine, as well as a clear definition and methodology for assessing critical minerals </span></p><p class=\"rte-p\" dir=\"ltr\" style=\"text-align: left;\"><span style=\"white-space: pre-wrap;\">“What we know for sure is the location of potential areas where you can find these deposits and where drilling operations can take place to clarify information,” said the head of strategic projects of the Kyiv School of Economics Maxim Fedoseienko. </span></p><p class=\"rte-p\" dir=\"ltr\" style=\"text-align: left;\"><span style=\"white-space: pre-wrap;\">He said the critical materials deal with the US is important for Ukraine not only to attract foreign investors and technology development but also “be part of the international value chain”.</span></p><p class=\"rte-p\" dir=\"ltr\" style=\"text-align: left;\"><span style=\"white-space: pre-wrap;\">The global race for the critical minerals needed to power industrial transitions across the world has seen the EU and US attempting to close the gap on China, which currently has far greater access to minerals and raw materials, and controls most of the world’s refining capacity. Trump has also made aggressive attempts to acquire Greenland, a resource-rich semi-autonomous state that is currently part of Denmark.  </span></p><p class=\"rte-p\" dir=\"ltr\" style=\"text-align: left;\"><span style=\"white-space: pre-wrap;\">Separately, DR Congo’s president Felix Tshisekedi has offered the US access to his country’s vast minerals reserves in exchange for Washington’s support in forcing the Rwandan army and militia groups out of its eastern regions, where many major mining sites are located. </span></p><p class=\"rte-p\" dir=\"ltr\" style=\"text-align: left;\"><span style=\"white-space: pre-wrap;\">On Tuesday, the European Commission </span><a href=\"https://euobserver.com/eu-and-the-world/arc1c35803\" target=\"_self\" rel=\"noreferrer\" class=\"rte-link\"><span style=\"white-space: pre-wrap;\">rowed back on claims</span></a><span style=\"white-space: pre-wrap;\"> that its industry commissioner, Stéphane Séjourné, had pitched an alternative deal to Kyiv that could offer the EU greater access to Ukraine’s minerals. </span></p><p class=\"rte-p\" dir=\"ltr\" style=\"text-align: left;\"><span style=\"white-space: pre-wrap;\">Officials said that Séjourné had instead been referring to an existing Memorandum of Understanding that the EU has had with Ukraine on critical raw materials since 2021. </span></p>","contributors":[{"id":"eu7c6b1824","firstName":"Benjamin","lastName":"Fox"},{"id":"eu83cf6ae2","firstName":"Elena Sánchez","lastName":"Nicolás"}],"publishDate":1740588711395,"section":[{"id":"5002452f20","title":"EU & the World"},{"id":"50739332cc","title":"Green Economy"},{"id":"50adaaad9b","title":"Ukraine"}],"articleType":[],"img":{"id":"fib0927bbc","src":"https://files-production-saulx-eu-observer-production-en-ci-hyp-xx0.based.dev/fib0927bbc/29f4145d-c5e0-4102-945c-6b37163da3b4-15dd90ec-be36-4329-ac34-d394affb20d7-980af51d-dc90-4962-a992-116c44d72324.jpeg"}},{"id":"ara0433565","headline":"Von der Leyen's bonfire of regulations is an act of vandalism","abstract":"Ursula von der Leyen’s commission has just signalled that it is shifting towards a Trump-influenced deregulatory agenda that prioritises market freedoms over public interest, writes former UN High Commissioner for Human Rights Mary Robinson, and Phil Bloomer.","body":"<p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">Ursula von der Leyen’s commission has just signalled that it is shifting towards a Trump-influenced deregulatory agenda that prioritises market freedoms over public interest. </span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">Through Wednesday's (26 February) </span><a href=\"https://euobserver.com/green-economy/ar0d5be99c\" target=\"_self\" rel=\"noreferrer\" class=\"rte-link\"><span style=\"white-space: pre-wrap;\">'Omnibus' reforms</span></a><span style=\"white-space: pre-wrap;\"> of recently-agreed legal directives and regulations, the commission is dismantling vital safeguards and in so doing will </span><a href=\"https://euobserver.com/*/ar310d8372\" target=\"_self\" rel=\"noreferrer\" class=\"rte-link\"><span style=\"white-space: pre-wrap;\">deepen inequality in Europe</span></a><span style=\"white-space: pre-wrap;\"> and beyond and apply convenient myopia to the accelerating climate crisis. </span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">In these new turbulent times, ironies abound. </span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">It was von der Leyen’s </span><a href=\"https://euobserver.com/*/ar310d8372\" target=\"_self\" rel=\"noreferrer\" class=\"rte-link\"><span style=\"white-space: pre-wrap;\">previous commission that championed forward-thinking business regulations</span></a><span style=\"white-space: pre-wrap;\"> — the sustainable finance framework. These agreed EU laws support markets and companies to accelerate growth to deliver our green economies of the future — where new, well-paid jobs, clean tech, cheap and secure energy are created, and human rights are respected. </span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">They require companies to report on their efforts and act to reduce environmental harm and uphold workers and communities’ rights — not just in their own operations, but across the global supply chains that produce the food we eat, the clothes we wear and the technology we use. </span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">The new commission’s proposals are now for these essential protections to be effectively scrapped, in</span><br><span style=\"white-space: pre-wrap;\">all but name. </span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">Von der Leyen’s commission’s ‘Omnibus simplification package’ is a proposed act of economic vandalism on Europe’s long-term prospects for growth, competitiveness and sustainability. </span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">The new commissioners have closed their ears to 140 responsible investors, and responsible business associations representing, together, more than 6,000 businesses, large and small. </span></p><blockquote class=\"rte-blockquote\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">The commission has selectively listened to old oil and gas companies and backward-looking business associations</span></blockquote><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">These leading investors and companies had called for implementation of the new directive, sustained legal certainty, and smart regulation to help responsible business navigate action on climate and inequality. </span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">Instead, the commission has selectively listened to old oil and gas companies and backward-looking business associations. </span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">As the US administration implements wrong-headed policies to maximise short term returns, promote financial speculation, and narrow economic nationalism, Europe must take a different path. The commission, member states, and parliamentarians must hold their nerve. </span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">The opportunity is not just to resist deregulation, but to lead: to direct markets towards long-term value creation and shared economic prosperity. The United Nations and the OECD have set the standards for this approach — one that strengthens the standing of Europe and offers investors and companies the legal certainty and rule of law they need.  </span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">The commission’s attempt to eviscerate these sustainability laws must not be agreed by the European Parliament and by the member states. </span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">Responsible investors, banks and companies will join with citizens’ groups across Europe to insist that all the core aspects of the laws are maintained, including: </span><br><br><span style=\"white-space: pre-wrap;\">Firstly, the Corporate Sustainability Due Diligence Directive (CSDDD) must have teeth (civil liability) otherwise reckless companies will ignore it. </span><br><br><span style=\"white-space: pre-wrap;\">Next, the CSDDD as well as the Corporate Sustainability Reporting Directive (CSRD) must include reporting and protections for workers and communities within brands’ full supply chains. </span><br><br><span style=\"white-space: pre-wrap;\">Finally, they must cover a critical mass of companies in order to have a systemic impact and humanise markets. </span></p><h2 class=\"rte-h2\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">'Regulation without penalties is no regulation'</span></h2><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">The new commission proposes to scrap civil liability for companies that abuse workers and communities. For responsible business, that immediately tilts the playing field in favour of irresponsible business, allowing it, with impunity, to keep polluting and retain forced and child labour in their supply chains. </span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">As the CSDDD’s original architect, EU commissioner Didier Reynders said, regulation without penalties is no regulation. </span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">The new Commission insists that corporations’ human rights and environmental risk assessment focuses on ‘Tier 1’ of supply chains (their immediate suppliers). </span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">This contravenes international business standards, ignores all evidence that the most egregious abuses are conveniently buried below brands’ Tier 1, fuels tick-box approaches rather than smart measures; and once again, disadvantages and disincentivises responsible business that continues to identify and expunge the most severe human rights risks, wherever they are in their supply chains.  </span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">The commission seeks to limit the number of businesses that report to only the very largest, and to drastically reduce reporting requirements. Ask any responsible investor what they need to make high-quality judgements about how to invest sustainably and they will say: up-to-date meaningful reporting from across the large portfolio of companies that they are invested in. </span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">That is why so many investors have spoken in support of these sustainability laws. They need this information to make the right investments for our future growth and prosperity. </span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">The arguments from irresponsible business and unscrupulous politicians against these laws, such as ‘regulation stymies growth’ are self-serving fallacies. </span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">All the evidence is that smart regulation stimulates and rewards innovations — creating profit and enhancing workers’ and communities’ welfare. </span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">Today the choice is stark. Is Europe to lead the world in investment and business practice that delivers greater shared prosperity, responsible business, and tackles the climate crisis? Or will it continue with the failed business-as-usual model driving unsustainable inequality and environmental crisis? </span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">The second option is the one that has delivered the fear and uncertainty driving the rise of authoritarianism in Europe. To continue with it is folly.  </span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">Across Europe, efforts must now be re-ignited to hold onto the key achievements of the sustainable finance framework. This is not a bureaucratic battle; this is a fight to humanise our economies and address the ecological crisis engulfing our planet. </span></p>","contributors":[],"publishDate":1740583373390,"section":[{"id":"506324822d","title":"EU Political"},{"id":"50739332cc","title":"Green Economy"},{"id":"508bf89c3a","title":"Health & Society"},{"id":"50dee1923e","title":"Opinion"}],"articleType":[{"id":"806f303338","title":"Opinion"}],"img":{"id":"fid8ec0c2e","src":"https://files-production-saulx-eu-observer-production-en-ci-hyp-xx0.based.dev/fid8ec0c2e/27768b58-d401-4bfd-89bf-3c608ef72d7d-0ce32e3c-3890-46a8-b0d9-e8c26d93bade-3aca424f-a539-4fda-8f73-9a6dbcc38f2b.jpeg"}},{"id":"arec2ca46d","headline":"'We are indirectly financing Putin's war', admits EU Commission","abstract":"The EU is indirectly financing Russia's war chest against Ukraine, says the European Commission. \"We are still, in Europe, buying Russian gas and thereby indirectly helping Putin finance his war,\" Dan Jørgensen, the EU energy commissioner, told reporters.","body":"<p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">The EU is indirectly financing Russia's war chest against Ukraine, admits the European Commission.</span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">\"Since the war began, we have imported fossil fuels from Russia for an amount equal to the cost price of 2,400 F35 fighter jets. This will not stand,\" Dan Jørgensen, the EU energy commissioner, told reporters on Wednesday (26 February).</span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">\"We are still, in Europe, buying Russian gas and thereby indirectly helping Putin finance his war,\" he said, while noting that the EU had gone from a 45-percent dependency on Russian gas to 19 percent last year. Currently, it is around 13 percent.</span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">\"We need to go to zero. Until we are there, we're not independent of the Russian aggressor,\" he added.</span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">It means a quarter of Russia's fossil-fuel export revenues still come from Europe,</span><a href=\"https://energyandcleanair.org/publication/eu-imports-of-russian-fossil-fuels-in-third-year-of-invasion-surpass-financial-aid-sent-to-ukraine/\" target=\"_blank\" rel=\"noreferrer\" class=\"rte-link\"><span style=\"white-space: pre-wrap;\"> notes a recent report</span></a><span style=\"white-space: pre-wrap;\"> by the Centre for Research on Energy and Clean Air (Crea).</span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">Crea estimates EU states purchased almost €22bn of Russian oil and gas since the Kremlin launched an all out invasion of Ukraine in February 2022.</span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">\"Notably, EU imports of Russian fossil fuels in the third year of the invasion surpassed the €18.7bn of financial aid they sent to Ukraine in 2024,\" noted the report.</span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">Russia has netted some €847bn in revenue from its fossil fuel earnings in the third year of the invasion. </span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">The biggest buyers are China at €78bn, followed by India (€49bn) and Nato-member Turkey at €34bn, amounting to some 74 percent of Russia's total revenues from fossil fuels, notes the report.</span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">The report also found that sanctions have only led to an eight-percent drop in Russian revenues, compared to the year before it invaded Ukraine.</span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">A host of sanctions have since aimed to ban, among other things,</span><a href=\"https://euobserver.com/eu-and-the-world/ar9b66b4f4\" target=\"_self\" rel=\"noreferrer\" class=\"rte-link\"><span style=\"white-space: pre-wrap;\"> Russian \"shadow fleet\" oil tankers</span></a><span style=\"white-space: pre-wrap;\">, which transport some 61 percent of Russia's total seaborne oil exports.</span></p><p class=\"rte-p\" dir=\"ltr\"><span style=\"white-space: pre-wrap;\">But despite the impositions, EU member states still spent €7bn on Russian LNG in the third year of the invasion, with volumes rising by nine percent year-on-year, says the report.</span></p>","contributors":[{"id":"eu09e46885","firstName":"Nikolaj","lastName":"Nielsen"}],"publishDate":1740578570307,"section":[{"id":"5002452f20","title":"EU & the World"},{"id":"50739332cc","title":"Green Economy"},{"id":"50adaaad9b","title":"Ukraine"}],"articleType":[],"img":{"id":"fifcf5da14","src":"https://files-production-saulx-eu-observer-production-en-ci-hyp-xx0.based.dev/fifcf5da14/96d4c433-b23f-479c-b8d3-69bf5ffaaa83-fbd69bb9-1880-4865-9f37-e1fc9cac97b3-f52a0239-4eb2-4496-9c9a-9c0743ab8c35.jpeg"}}]},"c":9516922390900,"s":31279},"2065504654882":{"v":{"data":[{"id":"ar7aff2577","headline":"EU to 'mobilise' €100bn to boost clean industries and tackle energy costs","abstract":"“We’re showing that we’re a safe continent with clear rules for investment ,” said EU executive vice president Stéphane Séjourné. “We don’t have a chainsaw, but we have competent people leading the charge.”\n\n ","membership":1,"type":"article","publishDate":1740589589318,"author":{"id":"eud6dc869c","firstName":"Wester van","lastName":"Gaal"},"img":{"id":"fi760fae28","src":"https://files-production-saulx-eu-observer-production-en-ci-hyp-xx0.based.dev/fi760fae28/278aab3e-1546-4481-9400-8e5851d769ba-1f173bdf-845b-4f5d-b01b-85e9d72f8fe6-2d9d0269-4cfb-4ef7-9281-736ebf411573.png","credit":{"source":"EU Commission","sourceUrl":"C:/Users/weste/Downloads/sejourne.jpg"}},"headerImageCaption":"Stéphane Séjourné: 'All our industrial sites face the same problem — energy costs are too high, and the power market is too volatile'","section":[{"id":"50739332cc","title":"Green Economy","type":"section"}],"articleType":[]},{"id":"ar79f9f307","headline":"Ukraine ready to sign US minerals deal without 'security guarantees'","abstract":"The United States and Ukraine are on the brink of concluding a minerals agreement worth hundreds of billions of dollars in a move that could make Ukraine a critical part of the international supply chain for critical materials. ","membership":1,"type":"article","publishDate":1740588711395,"contributorsText":"Benjamin Fox and Elena Sánchez Nicolás","author":{"id":"eu7c6b1824","firstName":"Benjamin","lastName":"Fox"},"img":{"id":"fib0927bbc","src":"https://files-production-saulx-eu-observer-production-en-ci-hyp-xx0.based.dev/fib0927bbc/29f4145d-c5e0-4102-945c-6b37163da3b4-15dd90ec-be36-4329-ac34-d394affb20d7-980af51d-dc90-4962-a992-116c44d72324.jpeg"},"headerImageCaption":"It is estimated that about five percent of the world's critical raw materials are in Ukraine","section":[{"id":"5002452f20","title":"EU & the World","type":"section"},{"id":"50739332cc","title":"Green Economy","type":"section"},{"id":"50adaaad9b","title":"Ukraine","type":"section"}],"articleType":[]},{"id":"ara0433565","headline":"Von der Leyen's bonfire of regulations is an act of vandalism","abstract":"Ursula von der Leyen’s commission has just signalled that it is shifting towards a Trump-influenced deregulatory agenda that prioritises market freedoms over public interest, writes former UN High Commissioner for Human Rights Mary Robinson, and Phil Bloomer.","membership":0,"type":"article","publishDate":1740583373390,"contributorsText":"Mary Robinson and Phil Bloomer","img":{"id":"fid8ec0c2e","src":"https://files-production-saulx-eu-observer-production-en-ci-hyp-xx0.based.dev/fid8ec0c2e/27768b58-d401-4bfd-89bf-3c608ef72d7d-0ce32e3c-3890-46a8-b0d9-e8c26d93bade-3aca424f-a539-4fda-8f73-9a6dbcc38f2b.jpeg","credit":{"source":"EU Commission","sourceUrl":"https://audiovisual.ec.europa.eu/en/photo-details/P-065711~2F00-36"}},"headerImageCaption":"Ursula von der Leyen's second-term commission has selectively listened to old oil and gas companies and backward-looking business associations","section":[{"id":"506324822d","title":"EU Political","type":"section"},{"id":"50739332cc","title":"Green Economy","type":"section"},{"id":"508bf89c3a","title":"Health & Society","type":"section"},{"id":"50dee1923e","title":"Opinion","type":"section"}],"articleType":[{"id":"806f303338","title":"Opinion","type":"articleType"}]},{"id":"arec2ca46d","headline":"'We are indirectly financing Putin's war', admits EU Commission","abstract":"The EU is indirectly financing Russia's war chest against Ukraine, says the European Commission. \"We are still, in Europe, buying Russian gas and thereby indirectly helping Putin finance his war,\" Dan Jørgensen, the EU energy commissioner, told reporters.","membership":1,"type":"article","publishDate":1740578570307,"author":{"id":"eu09e46885","firstName":"Nikolaj","lastName":"Nielsen"},"img":{"id":"fifcf5da14","src":"https://files-production-saulx-eu-observer-production-en-ci-hyp-xx0.based.dev/fifcf5da14/96d4c433-b23f-479c-b8d3-69bf5ffaaa83-fbd69bb9-1880-4865-9f37-e1fc9cac97b3-f52a0239-4eb2-4496-9c9a-9c0743ab8c35.jpeg","credit":{"source":"EC - Audiovisual Service","sourceUrl":"https://audiovisual.ec.europa.eu/en/photo/P-065736~2F00-04"}},"headerImageCaption":"EU energy commissioner Dan Jørgensen: 'We have imported fossil fuels from Russia for an amount equal to the cost price of 2,400 F35 fighter jets'","section":[{"id":"5002452f20","title":"EU & the World","type":"section"},{"id":"50739332cc","title":"Green Economy","type":"section"},{"id":"50adaaad9b","title":"Ukraine","type":"section"}],"articleType":[]},{"id":"ar0d5be99c","headline":"EU's green rules rollback criticised for 'missing the point' ","abstract":"The EU Commission is set to unveil a proposal to ease the regulatory burden on companies, but critics argue it fails to simplify and instead reverses key Green Deal achievements.","membership":0,"type":"article","publishDate":1740542400000,"author":{"id":"eud6dc869c","firstName":"Wester van","lastName":"Gaal"},"img":{"id":"fi301a8a85","src":"https://files-production-saulx-eu-observer-production-en-ci-hyp-xx0.based.dev/c6596a3250495c06f963ec7f7115d340.jpg","credit":{"source":"European Parliament","sourceUrl":"https://multimedia.europarl.europa.eu/en/ep-plenary-session-the-state-of-play-of-eu-s-covid-19-vaccination-strategy_20210210_EP-110233A_EVDWT5_032_p"}},"headerImageCaption":"Proponents see Europe's green reporting rules as one of the best tools it has to remain competitive while big business lobbies have pushed for a regulatory roll-back","section":[{"id":"50739332cc","title":"Green Economy","type":"section"}],"articleType":[]},{"id":"arc1c35803","headline":"EU shoots down trade commissioner's Ukraine minerals 'offer'","abstract":"The European Commission on Tuesday rowed back on claims that it had offered Ukraine a revised deal that could offer the EU greater access to Kyiv's critical minerals. ","membership":1,"type":"article","publishDate":1740504179770,"author":{"id":"eu7c6b1824","firstName":"Benjamin","lastName":"Fox"},"img":{"id":"fif433c1c9","src":"https://files-production-saulx-eu-observer-production-en-ci-hyp-xx0.based.dev/15e4c4e8ad9c830867d444a5bbafc04d.jpg","credit":{"source":"Yoko Nekonomania"}},"headerImageCaption":"EU industry commissioner Stéphane Séjourné had hinted on Monday that the EU was ready to improve its offer on critical minerals to Ukraine","section":[{"id":"5002452f20","title":"EU & the World","type":"section"},{"id":"50739332cc","title":"Green Economy","type":"section"},{"id":"50adaaad9b","title":"Ukraine","type":"section"}],"articleType":[]},{"id":"arbb860d02","headline":"EU energy deals with north Africa replicate neocolonial harms, says report","abstract":"EU-led oil and gas projects in north Africa have led to soil erosion and water contamination — while offering little benefit to the local populace, finds Greenpeace in a new report.","membership":0,"type":"article","publishDate":1740054442139,"author":{"id":"eud6dc869c","firstName":"Wester van","lastName":"Gaal"},"img":{"id":"fi04bbb4d1","src":"https://files-production-saulx-eu-observer-production-en-ci-hyp-xx0.based.dev/fi04bbb4d1/7efe4388-8267-43e8-a00c-b5b7a2709dcf-fa69f136-510e-4117-bc9a-3f55f4d3a6d9-e17eaf4f-1147-4267-a286-ac8a8cc27d67.jpeg","credit":{"source":"Michael Taylor, for Irena","sourceUrl":"https://www.flickr.com/photos/irenaimages/33144390060"}},"headerImageCaption":"Morocco’s Noor-Ouarzazate Solar complex, designed to supply domestic energy needs, plays a role in the country's ambition to become a renewable-energy exporter","section":[{"id":"50739332cc","title":"Green Economy","type":"section"}],"articleType":[]},{"id":"ar84525689","headline":"Šefčovič 'goes in peace' to Washington in bid to stave off tariff war","abstract":"EU trade chief Maros Šefčovič will ‘go in peace’ when he meets US president Donald Trump’s top trade officials in Washington on Wednesday — in a bid to avoid a transatlantic tariff war. ","membership":1,"type":"article","publishDate":1739897236493,"author":{"id":"eu7c6b1824","firstName":"Benjamin","lastName":"Fox"},"img":{"id":"fif42c2849","src":"https://files-production-saulx-eu-observer-production-en-ci-hyp-xx0.based.dev/fif42c2849/67d87640-cabf-428b-ab7b-fd8a4ee2e3e8-4055abae-cdb1-4d60-8f6c-bef91e372956-ce8356e3-cc4c-4655-ae3a-79ac3f3caa3b.jpeg","credit":{"source":"European Commission"}},"headerImageCaption":"Trade commissioner Maros Šefčovič will be 'representing in a forthright way the European view that tariffs serve no one'","section":[{"id":"5002452f20","title":"EU & the World","type":"section"},{"id":"50739332cc","title":"Green Economy","type":"section"}],"articleType":[]},{"id":"ar24829da8","headline":"Letta: 'Don't cherry-pick my competitiveness report — eat the whole cake'","abstract":"We met up with Enrico Letta, one of the architects of the EU's competitiveness agenda, to discuss Europe's economic and strategic response to an increasingly hostile world — without its key ally.","membership":1,"type":"article","publishDate":1739890639889,"author":{"id":"eud6dc869c","firstName":"Wester van","lastName":"Gaal"},"img":{"id":"fi653809e6","src":"https://files-production-saulx-eu-observer-production-en-ci-hyp-xx0.based.dev/fi653809e6/082eac3d-6ac6-4ba0-806e-a58bfeaf1b55-2aad2509-908f-46a4-b973-ef32cc9c482d-ec85adda-7e27-45fb-bfb5-86b0da8dc873.png","credit":{"source":"IE Business School"}},"headerImageCaption":"Enrico Letta: 'Of all the negative things coming from Trump, Musk, and Vance, Musk endorsing the AfD is the worst'","section":[{"id":"50739332cc","title":"Green Economy","type":"section"}],"articleType":[{"id":"80d5f984c1","title":"Interview","type":"articleType"}]},{"id":"ar527c0b70","headline":"Caught in a pessimistic rut, Eurozone growth stalls at 0.1 percent","abstract":"Eurostat reported fourth-quarter GDP growth of 0.1 percent on Friday","membership":1,"type":"article","publishDate":1739542104970,"author":{"id":"eud6dc869c","firstName":"Wester van","lastName":"Gaal"},"img":{"id":"fid7fe4b50","src":"https://files-production-saulx-eu-observer-production-en-ci-hyp-xx0.based.dev/ccead00b6a8bdeb2f80f508125f80842.jpg","credit":{"source":"Unsplash"}},"headerImageCaption":"Nine-out-of-ten people think they are poorer now than before the inflation shock","section":[{"id":"50739332cc","title":"Green Economy","type":"section"}],"articleType":[]},{"id":"ard93a7308","headline":"Could a common EU law for businesses lead to genuine simplification?","abstract":"The EU has promised to simplify business rules for start-ups. EUobserver turned to law professor Matthias Lehmann to explain what’s needed for it to succeed. One idea that seems to come close is a proposed European law for businesses dubbed the '28th regime' - to unify the existing EU-27.\n ","membership":1,"type":"article","articleFormat":2,"publishDate":1739437325190,"author":{"id":"eud6dc869c","firstName":"Wester van","lastName":"Gaal"},"img":{"id":"fi3aee4cf4","src":"https://files-production-saulx-eu-observer-production-en-ci-hyp-xx0.based.dev/fi3aee4cf4/588d4623-6c90-453e-8081-82aa44ec10d6-9c48d47d-96cc-45a8-a78b-18b26baec967-91d73ab0-2a4a-495b-b7ab-3a65fc3aacf2.jpeg","credit":{"source":"Giammarco Boscaro","sourceUrl":"https://unsplash.com/@giamboscaro"}},"headerImageCaption":"Law professor Matthias Lehmann: 'A European corporate framework would encourage more companies to incorporate in the EU, keeping tax revenue in Europe rather than flowing to offshore jurisdictions'","section":[{"id":"5019a5cd48","title":"Rule of Law","type":"section"},{"id":"50739332cc","title":"Green Economy","type":"section"}],"articleType":[{"id":"80d5f984c1","title":"Interview","type":"articleType"}]},{"id":"ar3f397f7a","headline":"MEPs call on ECB to factor in global instability ","abstract":"Adoption of the ECB's annual report by MEPs was at the lowest level for 20 years. “What if tensions around Taiwan escalate and global chip supplies dry up? What if energy prices skyrocket again due to geopolitical instability in the Middle East?\" asked Renew MEP Anouk van Brug. ","membership":1,"type":"article","publishDate":1739290364312,"author":{"id":"eud6dc869c","firstName":"Wester van","lastName":"Gaal"},"img":{"id":"fif5d3b435","src":"https://files-production-saulx-eu-observer-production-en-ci-hyp-xx0.based.dev/fif5d3b435/aa4a020e-ce57-4715-a268-9e285d67d428-76248cca-fdfa-40d1-9fc9-4c835d2e0817-797edc8e-5d25-4421-ad7b-88f354d2d2e9.jpeg","credit":{"source":"EU Parliament","sourceUrl":"https://multimedia.europarl.europa.eu/de/photo/ep-plenary-session-european-central-bank-annual-report-2024-in-presence-of-christine-lagarde-preside_20250210_EP-179639B_AH1_PST_043"}},"headerImageCaption":"European Central Bank president Lagarde speaking in the EU parliament in Strasbourg","section":[{"id":"50739332cc","title":"Green Economy","type":"section"}],"articleType":[]},{"id":"arf7d333c9","headline":"US walkout fails to derail new tax convention as EU stays put","abstract":"A US walkout has failed to derail the start of a new UN convention that will set global tax rules — after an offer by US officials to the EU and other sceptics of the process to join the walkout fell on deaf ears. ","membership":1,"type":"article","publishDate":1738855595046,"author":{"id":"eu7c6b1824","firstName":"Benjamin","lastName":"Fox"},"img":{"id":"fiaf84b7c3","src":"https://files-production-saulx-eu-observer-production-en-ci-hyp-xx0.based.dev/fiaf84b7c3/1af9afb5-bb9e-45e9-968e-f5115485733e-fde8e314-1af4-4123-b17f-2bd2ee02cee1-4d214529-2bb1-4dac-a29e-c90016dd2d8e.jpeg"},"headerImageCaption":"The US has walked out of a new UN convention on global tax rules, but the EU and others declined an offer to join them","section":[{"id":"5002452f20","title":"EU & the World","type":"section"},{"id":"50739332cc","title":"Green Economy","type":"section"}],"articleType":[]},{"id":"arba110868","headline":"Lithium mine protesters in EU capital voice empathy for Serb students","abstract":"Serbs behind an anti-lithium mine protest in Brussels on Wednesday voiced solidarity with student demonstrators in Belgrade calling for the rule of law. ","membership":1,"type":"article","publishDate":1738775608390,"author":{"id":"eu87ebf9ee","firstName":"Andrew","lastName":"Rettman"},"img":{"id":"fiaff99979","src":"https://files-production-saulx-eu-observer-production-en-ci-hyp-xx0.based.dev/6c7f10a1b9885b1419343331d0e4a664.jpg","credit":{"source":"Council of the EU"}},"headerImageCaption":"Serbian president Aleksandar Vučić has held power for 12 years","section":[{"id":"5002452f20","title":"EU & the World","type":"section"},{"id":"50739332cc","title":"Green Economy","type":"section"}],"articleType":[]},{"id":"arb1e90feb","headline":"Have minimum wages risen across EU to hit November 2024 deadline?","abstract":"The EU minimum wage directive set a November 2024 deadline for national capitals to align their minimum wages against two criteria. Only Slovenia and France have met the targets on time.","membership":1,"type":"article","publishDate":1738774299174,"contributorsText":"Sergi Pijuan","img":{"id":"fiaabf0639","src":"https://files-production-saulx-eu-observer-production-en-ci-hyp-xx0.based.dev/fiaabf0639/3d148a49-3b7b-479a-ad5b-ba01be9cae24-6aa2452e-7bb3-43ec-b38b-7149e90093da-56b5f6ca-a05b-4a73-afba-4e9f813fe5f8.jpeg","credit":{"source":"Paul Sableman","sourceUrl":"https://www.flickr.com/photos/pasa/13658216223/in/photolist-mNVVQB-jAyhME-jAx6SK-moDDjs-jAy219-jAyLMj-jAyXkU-nx2YtM-mqoJRt-2j4CsaJ-nx2Z6P-2g5GKwQ-nxmexb-nvhdaU-2mmkJhR-nxk6kn-jeTTik-nfQsgj-nx4XhA-nfQvnN-kMP3ho-bpmBaE-jeS8fp-jeWKh7-jeT1i4-jeSMmV-jeTw8p-mqpdSX-PeWQZ3-NU8SQ3-PeWR3j-jeUhbq-mqmZpF-kMMGeF-jeUEvf-jeUsgV-jeTGnJ-jeUwyd-mqptPT-jeWt4f-jeT8ZX-jeUmaY-jeUdV6-jeWPUo-jeTErQ-jeWVTN-jeSyzc-jeTMPq-jeUi7T-jeTFLT"}},"headerImageCaption":"EU countries with statutory minimum wages were given until November 2024 to align their minimum wages with these new standards — yet only a small number have reached the required benchmarks","section":[{"id":"50739332cc","title":"Green Economy","type":"section"},{"id":"508bf89c3a","title":"Health & Society","type":"section"}],"articleType":[{"id":"80178480d0","title":"Analysis","type":"articleType"}]},{"id":"arcef784bb","headline":"EU under pressure to ban destructive bottom-trawling fishing practices","abstract":"Environmental groups are pushing EU leaders to ban destructive fishing practices in marine protected areas: 'To ensure the continuity of our profession, it is essential to protect and promote artisanal fishing', they say.","membership":1,"type":"article","publishDate":1738771971998,"author":{"id":"eud6dc869c","firstName":"Wester van","lastName":"Gaal"},"img":{"id":"fi9c18ae06","src":"https://files-production-saulx-eu-observer-production-en-ci-hyp-xx0.based.dev/fi9c18ae06/9f6a91ce-7118-4202-a976-2533f16b9fb6-a8b989e7-d704-4972-bb85-e92e44673463-42f57df5-b328-41e4-8f2d-9508ff7a5d24.jpeg","credit":{"source":"European commission"}},"headerImageCaption":"Bottom trawling is a fishing method in which heavy nets are dragged along the seabed, tearing up the ocean floor — a crucial carbon sink. 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style="display:flex;flex-direction:row;gap:8px;width:100%;align-items:center;justify-content:center"><span class="cz d8 dj dk _1j3zqid"><svg width="8" height="11" viewBox="0 0 8 11" fill="none" style="transform:rotate(90deg);transition:0.2s"><path d="M1.5 10L6 5.30435L1.5 1" stroke="var(--grey)" stroke-width="2"></path></svg></span></div></button></div><a href="/green-economy/ar7aff2577"><h3 class="cj cv cw cm" style="color:var(--black)">EU to 'mobilise' €100bn to boost clean industries and tackle energy costs</h3></a><div class="j bp bq k"><a href="/section/50739332cc"><span class="dh dt cy cl du dv ds _17svc6y" style="font-family:GeistRegular;font-weight:400">Green Economy</span></a></div></div></li><li class="bh bi bj bk m j _1ksthn4 _1mdfdhv" style="border-top:1px solid rgba(0,0,0,0.12)"><button class="cu s k c4 hb j hc ds _1i4ywnf _11vc6zm jkjuzg" 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the World</span></a></div></div></li><li class="bh bi bj bk m j _1ksthn4 _1mdfdhv" style="border-top:1px solid rgba(0,0,0,0.12)"><button class="cu s k c4 hb j hc ds _1i4ywnf _11vc6zm jkjuzg" style="color:var(--white);background-color:var(--black);height:21px;width:21px;border-radius:50%;user-select:none;-ms-user-select:none;-moz-user-select:none;-webkit-user-select:none;margin-top:50px;cursor:pointer"><div style="display:flex;flex-direction:row;gap:8px;width:100%;align-items:center;justify-content:center"><svg width="8" height="11" viewBox="0 0 8 11" fill="none" style="transform:rotate(90deg);transition:0.2s"><path d="M1.5 10L6 5.30435L1.5 1" stroke="currentColor" stroke-width="2"></path></svg></div></button><div class="j b2 r bm bn _9ntyv0"><div style="display:flex;flex-direction:row;gap:0;width:100%;align-items:center;justify-content:space-between" class="_2nllxi"><div class="j b2 r j6"><div class="j"><div class="d0 d1 d8 d9 cn c5 co cp cq _1lwklq9" 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regulations is an act of vandalism</h3></a><div class="j bp bq k"><div class="j k s dr j7 cb j8 j9 ja" style="border:1px solid var(--orange);margin-top:-4px"><span class="d0 d1 d8" style="font-family:GeistRegular;color:black;text-decoration:none">Free Article</span></div><a href="/section/506324822d"><span class="dh dt cy cl du dv ds _17svc6y" style="font-family:GeistRegular;font-weight:400">EU Political</span></a><a href="/article-type/806f303338"><span class="dh dt cy cl du dv ds _17svc6y" style="font-family:GeistRegular;font-weight:400">Opinion</span></a></div></div></li><li class="bh bi bj bk m j _1ksthn4 _1mdfdhv" style="border-top:1px solid rgba(0,0,0,0.12)"><button class="cu s k c4 hb j hc ds _1i4ywnf _11vc6zm jkjuzg" style="color:var(--white);background-color:var(--black);height:21px;width:21px;border-radius:50%;user-select:none;-ms-user-select:none;-moz-user-select:none;-webkit-user-select:none;margin-top:50px;cursor:pointer"><div style="display:flex;flex-direction:row;gap:8px;width:100%;align-items:center;justify-content:center"><svg width="8" height="11" viewBox="0 0 8 11" fill="none" style="transform:rotate(90deg);transition:0.2s"><path d="M1.5 10L6 5.30435L1.5 1" stroke="currentColor" stroke-width="2"></path></svg></div></button><div class="j b2 r bm bn _9ntyv0"><div style="display:flex;flex-direction:row;gap:0;width:100%;align-items:center;justify-content:space-between" class="_2nllxi"><div class="j b2 r j6"><div class="j"><div class="d0 d1 d8 d9 cn c5 co cp cq _1lwklq9" style="font-family:GeistRegular;color:var(--grey);text-decoration:none"><a href="/bio/eu09e46885" style="margin-left:4px;margin-right:11px"><span class="z3410u">by Nikolaj Nielsen</span></a></div><div class="cu"></div></div></div><button class="cu s k c4 hb j hc ds c0vzui _5yrser _1ti8vjs" style="color:var(--black);height:30px;width:30px;border-radius:50%;user-select:none;-ms-user-select:none;-moz-user-select:none;-webkit-user-select:none;display:none;cursor:pointer"><div style="display:flex;flex-direction:row;gap:8px;width:100%;align-items:center;justify-content:center"><span class="cz d8 dj dk _1j3zqid"><svg width="8" height="11" viewBox="0 0 8 11" fill="none" style="transform:rotate(90deg);transition:0.2s"><path d="M1.5 10L6 5.30435L1.5 1" stroke="var(--grey)" stroke-width="2"></path></svg></span></div></button></div><a href="/eu-and-the-world/arec2ca46d"><h3 class="cj cv cw cm" style="color:var(--black)">'We are indirectly financing Putin's war', admits EU Commission</h3></a><div class="j bp bq k"><a href="/section/5002452f20"><span class="dh dt cy cl du dv ds _17svc6y" style="font-family:GeistRegular;font-weight:400">EU & the World</span></a></div></div></li><li class="bh bi bj bk m j _1ksthn4 _1mdfdhv" style="border-top:1px solid rgba(0,0,0,0.12)"><button class="cu 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style="font-family:GeistRegular;color:black;text-decoration:none">Free Article</span></div><a href="/section/50739332cc"><span class="dh dt cy cl du dv ds _17svc6y" style="font-family:GeistRegular;font-weight:400">Green Economy</span></a></div></div></li><li class="bh bi bj bk m j _1ksthn4 _1mdfdhv" style="border-top:1px solid rgba(0,0,0,0.12)"><button class="cu s k c4 hb j hc ds _1i4ywnf _11vc6zm jkjuzg" style="color:var(--white);background-color:var(--black);height:21px;width:21px;border-radius:50%;user-select:none;-ms-user-select:none;-moz-user-select:none;-webkit-user-select:none;margin-top:50px;cursor:pointer"><div style="display:flex;flex-direction:row;gap:8px;width:100%;align-items:center;justify-content:center"><svg width="8" height="11" viewBox="0 0 8 11" fill="none" style="transform:rotate(90deg);transition:0.2s"><path d="M1.5 10L6 5.30435L1.5 1" stroke="currentColor" stroke-width="2"></path></svg></div></button><div class="j b2 r bm bn _9ntyv0"><div style="display:flex;flex-direction:row;gap:0;width:100%;align-items:center;justify-content:space-between" class="_2nllxi"><div class="j b2 r j6"><div class="j"><div class="d0 d1 d8 d9 cn c5 co cp cq _1lwklq9" style="font-family:GeistRegular;color:var(--grey);text-decoration:none"><a href="/bio/eu7c6b1824" style="margin-left:4px;margin-right:11px"><span class="z3410u">by Benjamin Fox</span></a></div><div class="cu"></div></div></div><button class="cu s k c4 hb j hc ds c0vzui _5yrser _1ti8vjs" style="color:var(--black);height:30px;width:30px;border-radius:50%;user-select:none;-ms-user-select:none;-moz-user-select:none;-webkit-user-select:none;display:none;cursor:pointer"><div style="display:flex;flex-direction:row;gap:8px;width:100%;align-items:center;justify-content:center"><span class="cz d8 dj dk _1j3zqid"><svg width="8" height="11" viewBox="0 0 8 11" fill="none" style="transform:rotate(90deg);transition:0.2s"><path d="M1.5 10L6 5.30435L1.5 1" stroke="var(--grey)" stroke-width="2"></path></svg></span></div></button></div><a href="/eu-and-the-world/arc1c35803"><h3 class="cj cv cw cm" style="color:var(--black)">EU shoots down trade commissioner's Ukraine minerals 'offer'</h3></a><div class="j bp bq k"><a href="/section/5002452f20"><span class="dh dt cy cl du dv ds _17svc6y" style="font-family:GeistRegular;font-weight:400">EU & the World</span></a></div></div></li><li class="bh bi bj bk m j _1ksthn4 _1mdfdhv" style="border-top:1px solid rgba(0,0,0,0.12)"><button class="cu s k c4 hb j hc ds _1i4ywnf _11vc6zm jkjuzg" style="color:var(--white);background-color:var(--black);height:21px;width:21px;border-radius:50%;user-select:none;-ms-user-select:none;-moz-user-select:none;-webkit-user-select:none;margin-top:50px;cursor:pointer"><div style="display:flex;flex-direction:row;gap:8px;width:100%;align-items:center;justify-content:center"><svg width="8" height="11" viewBox="0 0 8 11" fill="none" style="transform:rotate(90deg);transition:0.2s"><path d="M1.5 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