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Financial regulation MIFID overhaul necessary but missed opportunity to close key loopholes

The European Commission today presented legislative proposals aimed at reforming the Markets in Financial Instruments Directive (MIFID) (1). While the Greens welcomed some of the proposals aimed at increasing market transparency, the group has expressed disappointment that the Commission has failed to close some of the loopholes under MIFID that have harmed investors. Commenting on the proposals, Green finance spokesperson Pascal Canfin said:

Bridging that Gap Between Research and Market

Today, EuropaBio and nine of its partners  launch a “Biorefinery Feasibility Study” at the European Forum for Industrial Biotechnology and the Biobased Economy (EFIB), in Amsterdam, the Netherlands. Conducted by Dalberg Global Development Advisors, the study provides a blueprint for establishing integrated, demonstration scale biorefineries in the EU and recommends co-investments from public and private stakeholders to overcome the gap from research to market. 

Clean air in Place Luxembourg?

Brussels, 18 October 2011 - A live demonstration of real-time air quality measurement with Sirpa Pietikäinen MEP took place today at the Clean Air Mobile lab on Place Luxembourg. The demonstration was one of a series of events taking place across Europe as part of a Camfil Farr Road Show.
 
The Road Show seeks to raise awareness of indoor air pollution and see indoor air quality brought to the political agenda in view of the upcoming EU Year of Air Quality 2013.
 

Gas Infrastructure Operators welcome the legal proposal on energy infrastructure guidelines from the European Commission but call for policy makers not to stop there

Following the European Commission’s release of a proposal for an energy infrastructure regulation today, gas infrastructure operators welcomed the planned piece of legislation which focuses on the development of the appropriate infrastructure for the evolving energy world. “A low carbon economy can only happen, and indeed can be expedited, with gas playing a fundamental role. An efficient continent-wide gas infrastructure delivers energy quietly and invisibly to and across Europe”, said Jean-Claude Depail, GIE President, today.

Deaths of 30 000 women can be prevented – WHO/Europe calls for more action on cervical cancer

Copenhagen, 19 October 2011 
Last week, over 100 experts and policy-makers from 42 countries and 7 partner organizations gathered in Istanbul, Turkey to discuss the prevention of cervical cancer in the WHO European Region. This cancer kills 30 000 women in Europe every year – a preventable and unacceptable cost to society. An effective vaccine now exists to protect women against human papillomavirus (HPV), the primary cause of cervical cancer, and effective screening programmes can trigger life-saving action before the disease starts.

Short Selling: tough EU standards on short selling. Markus Ferber MEP

Highly speculative financial market transactions in government bonds and credit-default swaps (CDS) will soon be contained throughout the EU. Negotiators of the European Parliament and the Council agreed on a new EU Regulation on short selling last night. "We have successfully fought for very strict conditions for short selling. Such restrictions are badly needed to contain destructive speculation", said Markus Ferber MEP who is in charge of the Regulation on short selling for the EPP Group.

EU energy infrastructure Backward-looking Commission proposals skewed in favour of gas pipes over renewable energy needs

The European Commission today presented legislative proposals on energy infrastructure, including financing rules in the context of the next EU budgetary period (1). While the Greens welcome that the Commission has put the question of energy infrastructure on the agenda, the group expressed concern that the proposals are skewed in favour of infrastructure for fossil fuels over renewable energies in terms of financial support and selection criteria, as well as over the transparency of the procedure.

Common reflection on the future of the EU budget: high-level European financial and budgetary conference on 20 -21 October in Brussels. Alain Lamassoure MEP

Following the proposal made by Alain Lamassoure MEP, Chairman of the Budgets Committee of the European Parliament, the Polish EU Council Presidency, the European Parliament and the European Commission are organising a conference on Thursday 20 and Friday 21 October on the financing of European growth and competitiveness by 2020, which will gather the 27 governments of the EU Member States, representatives of the European Institutions and all national parliaments.

EU transport networks Commission proposals fall short of ensuring sustainable transport projects

The European Commission today presented proposals on the future direction of European TEN-T transport networks. The Greens are concerned that the proposals will not ensure that large-scale transport network projects are consistent with the EU's sustainability, climate change and environmental goals. Commenting on the proposals, Green transport spokesperson Eva Lichtenberger said:

Project Bonds: EPP Group welcomes Commission proposal. Corien Wortmann-Kool MEP and Jean-Paul Gauzès MEP

The EPP Group has welcomed today's proposal by the European Commission on project bonds. Commissioner Olli Rehn has proposed launching a pilot phase to attract private capital financing infrastructure in the field of transport, energy and ICT infrastructure.

According to the EPP Group, project bonds will help to secure the required investment in European infrastructure. They will create sufficient confidence to attract more private financing, thereby serving as an important mechanism for maximum leverage of public spending.

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