Eric Maugendre about carbonApr 8, 2023
"Innovators deciding on how much to invest in R&D will generally spend less money than is socially optimal, because their decisions typically do not include the possibility that the result will create shoulders for others to stand on. That, too, calls for #subsidies".
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https://gwagner.com/tax-subsidize/ by @gwagner #taxes #carbonPricing #greenCapitalism #innovation #EU #inflation #renewables #energy #growth #spillovers #transition
Europe Must Tax Brown and Subsidize Green

The US Inflation Reduction Act is a landmark legislative package that should be welcomed around the world, despite its putatively protectionist features. Owing to the positive learning-by-doing spillovers that follow from green subsidies, Europe and the rest of the world ultimately will benefit, too.

Gernot Wagner | Economist and Author
Show threadEric Maugendre about carbonSep 26, 2024

From the Bruegel thinktank: "In the absence of good public data, special interests find it much easier to lobby for suboptimal approaches. The EU has a substantial problem in this respect, as energy data is not available currently in a timely way or at the level of granularity, reliability and consistency needed for informed policymaking."
https://www.bruegel.org/memo/memo-commissioner-responsible-energy

#energy #offsets #Europe #greenCapitalism #electricity #grid #EU #renewables #growth #spillovers #transition #demand #lobbies #data

Memo to the commissioner responsible for energy

Bruegel | The Brussels-based economic think tank
Show threadEric Maugendre about carbonOct 28, 2024

"The need for decarbonisation poses an existential threat to the #oilAndGas industry, which is why they have created multiple ‘escape hatches’ to continue fossil fuel burning, including techno-fixes like CCUS and carbon removals. […] Europe is showering public money and policy support on these dangerous distractions designed to keep Big Oil and Gas in business."
https://corporateeurope.org/en/CarbonCoupRevisited

#lobbying #ICM #energy #offsets #Europe #greenCapitalism #EU #carbon #growth #spillovers #transition #lobbies

The Carbon Coup revisited | Corporate Europe Observatory

As the ICM Forum gears up to meet in Pau, France, 10-11 October, find out how the European Commission is allowing this close-knit club of the fossil fuel industry and other big polluters to shape key EU energy policy, greenwash and waste billions in public money to protect industry interests.

Corporate Europe Observatory
Show threadEric Maugendre about carbonNov 7, 2024

@eu @energy @energyecon

"European banks’ sectoral policies are too weak overall, as only four restrict financing to companies developing new oil and gas fields, and only one prohibits financing to LNG export terminal developers."

#ReclaimFinance: https://reclaimfinance.org/site/en/2024/11/07/european-banks-and-transition-time-for-a-reality-check/

#oilAndGas #energy #banks #finance #Europe #greenCapitalism #EU #carbon #growth #spillovers #transition #greenTransition #energyTransition #drill #development #growth #economy

European banks and transition: time for a reality check - Reclaim Finance

Reclaim Finance checks whether European banks were ready to shift away from financing the expansion of oil and gas.

Reclaim Finance
Show threadEric Maugendre about carbonNov 19, 2024

@eu @economics @energyecon 🧵

European banks, investors and insurers continue to massively support coal, oil and gas production.

"Despite its crucial role in the ecological transition – and in climate degradation – private finance only occupied a marginal place during the hearings of European commissioners."
https://reclaimfinance.org/site/en/2024/11/18/what-european-commissioners-say-about-sustainable-finance/

#transparency #greenFinance #coal #oilAndGas #energy #banks #finance #Europe #EuropeanCommission #EU #carbon #transition #greenTransition #energyTransition #economy

What European Commissioners say about sustainable finance - Reclaim Finance

Reclaim Finance reviews the responses and silences of the candidates, which offer valuable insight into the direction the European Commission could take regarding sustainable finance.

Reclaim Finance
Show threadEric Maugendre about carbon

@energyecon @economics-that-works 🧵

In November 2024, BNP Paribas AM became the first major asset manager in the world to end its purchases of bonds issued on the primary market by certain companies in the oil & gas sector: https://reclaimfinance.org/site/en/2025/01/28/the-impact-of-bnp-paribas-ams-revised-investment-policy/

#bonds #banking #assetManagement #greenFinance #oilAndGas #energy #banks #finance #Europe #EU #carbon #transition #greenTransition #energyTransition #economy #investing #investment #France #oilRisk #strandedAssets #emissions #markets

The impact of BNP Paribas AM's revised investment policy - Reclaim Finance

BNP Paribas AM became the first major asset manager in the world to end its purchases of bonds issued on the primary market by certain companies in the oil & gas sector.

Reclaim Finance
Feb 3, 2025 at 7:08pmWeb
Show threadEric Maugendre about carbonFeb 25, 2025

The 162 corporations and trade associations which declare EU lobby budgets of over €1 million annually, collectively declare at least €343 million per year.

Five-year growth: Since 2020, these corporate interests have declared nearly €86 million more, marking a one-third increase over five years.

https://corporateeurope.org/en/2025/02/eus-lobby-league-table 🧵

#Tech #Banking #Chemicals #lobbying #Brussels #energy #offsets #Europe #greenCapitalism #electricity #EU #growth #spillovers #transition #lobbies #openData #LobbyControl

The EU’s lobby league table | Corporate Europe Observatory

Corporate Europe Observatory and LobbyControl reveal the sheer corporate lobby firepower in the EU, analysed by sector. Big Tech, Energy, Banking, and Chemicals dominate. 

Corporate Europe Observatory
Show threadEric Maugendre about carbonFeb 26, 2025

"Today one of the Commission’s flagship projects, the ‘Clean Industrial Deal’ #CID is published. The deal breaks with past ambitions on #chemicals, and deepens the EU’s commitment to false solutions to the climate disaster. Some of the most polluting industries will receive billions in state aid and financing from EU funds, laws will be amended to suit their agenda."

by @corporateeurope: https://corporateeurope.org/en/2025/02/polluters-get-paid

#lobbying #Brussels #energy #offsets #Europe #EU #growth #transition #lobbies

Polluters get paid | Corporate Europe Observatory

Today one of the Commission’s flagship projects, the ‘Clean Industrial Deal’ (CID) is published. The deal breaks with past ambitions on chemicals, and deepens the EU’s commitment to false solutions to the climate disaster.

Show threadEric Maugendre about carbonMar 7, 2025

EU #Omnibus is the result of corporate capture, study suggests.

The proposal of EU Omnibus is a massive deregulation endeavour that empties out due diligence and sustainability reporting obligations. Designed by the European Commission, the project jeopardizes years of legislative work aiming to ensure companies respect human and social rights, preserve the environment and align with climate goals: https://reclaimfinance.org/site/en/2025/03/06/eu-omnibus-a-playground-for-industry-lobbies/

#pollution #lobbying #Brussels #Europe #EU #growth #transition #lobbies

EU Omnibus: a playground for industry lobbies - Reclaim Finance

The analysis reveals a very high degree of similarity between the EU Commission's Omnibus project and the demands from major industry lobbies.

Reclaim Finance
Show threadEric Maugendre about carbonApr 11, 2025

"Commission President von der Leyen has embarked on a radical deregulation campaign, with the clear intention to dismantle rules that business lobbies dislike, including social and environmental standards. The EU has seen deregulation waves before, but it’s very different this time: it’s not only far more comprehensive and ruthless, there’s unprecedented levels of support for it among governments and in the European Parliament."

by @corporateeurope: https://corporateeurope.org/en/2025/04/why-progressives-must-organise-stop-eus-deregulation-wave

#Europe #EU #growth

Why Progressives Must Organise to Stop the EU’s Deregulation Wave | Corporate Europe Observatory

Commission President von der Leyen has embarked on a radical deregulation campaign, with the clear intention to dismantle rules that business lobbies dislike, including social and environmental standards. The EU has seen deregulation waves before, but it’s very different this time: it’s not only far more comprehensive and ruthless, there’s unprecedented levels of support for it among governments and in the European Parliament.

Corporate Europe Observatory
Show threadEric Maugendre about carbonJun 27, 2025

"In 2020, the European Commission pledged to address the outrageous practice of exporting banned pesticides and chemicals which pose significant risks to human health and ecosystems to non-EU markets. Despite this commitment, no concrete proposal has been put forth, leaving the EU still exporting tens of thousands of tons of these hazardous substances every year."

by @corporateeurope : https://corporateeurope.org/en/2025/06/double-standards-violate-human-rights

#pesticides #chemicals #lobbying #Europe #EU #growth #pollution #lobbies #agriculture

Double standards violate human rights | Corporate Europe Observatory

Where the world is on fire with various wars, the EU is continuing an invisible chemical war by continuing its massive exports of banned, toxic pesticides to all corners of the world. Today the ‘End Toxic Pesticide Trade Coalition’ demands in an open letter to EC-president Ursula von der Leyen to keep its 2020 promise and put an end of the EU production, export and residue imports of those banned pesticides. 

Corporate Europe Observatory