EU gives Member States the green light to help energy-intensive businesses

The European Commission is authorising Member States to provide energy-intensive companies with at times significant State aid to offset certain costs.

 A case in point is Germany, who authorised to shell out €27.5 billion to compensate for the indirect costs of such companies, and thus avert the risk of relocations to countries with less ambitious climate policies.

Such relocations would result in global increases in greenhouse gas emissions, a phenomenon known as "carbon leakage", the European executive explained.

Many other Member States can take advantage of this flexibility. This is the case of Finland and the Netherlands, who received the green light from the Commission for similar compensatory schemes.

Read more here.

Who cares, do you care, do we care?

Held from 8 to 10 September 2022 in Lisbon, Portugal, the European Young Leaders (EYL40) seminar will focus on redefining European identity in all its diversity, exploring oceans and space for solutions to terrestrial problems, and how to better tackle climate change, moving beyond rhetoric towards an ecology of strategic change at all levels from supply and demand. 
This EYL40 autumn seminar will host a series of sessions exploring various aspects of mainstreaming climate action in all policies.

Over three days, the EYL40 Class of 2022 will join EYL40 alumni, senior decision-makers and key European actors to address these issues. They will once more engage in conversation with those at the core of the discussions: citizens of Lisbon and Portugal.