Backloading was rejected by the European Parliament on 16 April and referred to the Parliament’s ENVI Commission. A new plenary session vote has been scheduled for early July.
On ICE Futures Europe, 52% of the whole monthly volume of the daily spot contract has been traded on April the 16th.
Structural reforms: discussion at the Parliament ENVI Commission at the end of June.
In a challenging geo-political context, Europe has a window of opportunity to lead on both climate action and industrial competitiveness. As Mario Draghi highlighted in his report last year, this can only happen if decarbonisation ambitions are backed by real investment – and there is an urgent need to boost those investment. The European Commission followed suit and pledged to be an “Investment Commission,” while reaffirming its commitment to implement the 2030 emission reduction targets and to stay to course on the longer-term targets.
