Tag Archives: European Commission

New EIBG and Solar Impulse Initiative Helps European SMEs Boost Energy Efficiency and Cut Costs

(IN BRIEF) The European Investment Bank Group (EIBG), European Commission, and Solar Impulse Foundation have partnered to launch an initiative supporting small and medium-sized enterprises (SMEs) in Europe with energy efficiency investments. By facilitating access to clean technologies through innovative … Read the full press release

JASPERS Expands Advisory Reach to Ukraine and Moldova, Secures Support for European Development Projects Through 2027

(IN BRIEF) JASPERS, a collaborative advisory initiative by the European Investment Bank and the European Commission, held its annual meeting in Brussels, marking nearly two decades of supporting regional development projects across Europe and beyond. Since 2005, JASPERS has facilitated … Read the full press release

European Commission Evaluates Poland’s Media Adherence to the Right to be Forgotten

THE EUROPEAN COMMISSION HAS BEEN ACTIVELY ASSESSING POLAND’S ALIGNMENT WITH THE EU’S “RIGHT TO BE FORGOTTEN” DIRECTIVE AS IT PERTAINS TO MEDIA OUTLETS. THIS SCRUTINY FOLLOWS A RECENT PROPOSAL AIMED AT EXPANDING THESE RIGHTS WITHIN THE MEDIA SECTOR. OVER THE … Read the full press release

Global Race for Autonomous Trucks: Europe a Critical Region Transport Transformation

(IN BRIEF) In 2024, the trucking industry has made significant strides in commercializing autonomous driving technology to address challenges like high operational costs, driver shortages, and safety concerns. The global trucking fleet is expected to incorporate an additional 500,000 Level … Read the full press release

Lille Secures €276 Million for Sustainable Transport Revolution: EIB and European Commission Fund Green Mobility Initiative

(IN BRIEF) The Métropole Européenne de Lille has secured a €245 million green loan from the European Investment Bank (EIB) to modernize its urban transport system, alongside a €31.5 million grant from the European Commission. This joint financing will support … Read the full press release

Strengthening EU Protections: Robert Szustkowski calls for safeguarding EU citizens’ rights to dignity

(IN BRIEF) The European Union faces a growing challenge in combating disinformation and media manipulation. Citizens and organizations are calling for an expansion of the “right to be forgotten” to include media outlets, holding them accountable for defamatory or misleading … Read the full press release

DNV Supports European Commission in Updating Carbon Capture and Storage Guidance Documents

(IN BRIEF) DNV has supported the European Commission in updating guidance documents on geological carbon storage (CCS) under the CCS Directive to streamline permitting procedures and enhance sustainable CO2 storage in the European Economic Area (EEA). The updates integrate the … Read the full press release

SWIFTT: A Copernicus-based forest management tool to map, mitigate, and prevent the main threats to EU forests

The solution will increase forest management productivity and cost-effectiveness, and enable forest managers, authorities, and policymakers to deal with forest threats proactively (IN BRIEF) Insect outbreaks, wildfires, and windthrow pose significant threats to European forests, exacerbated by climate change-induced extreme … Read the full press release

EIF Backs €100 Million Investment for Underprivileged Students’ Education in Germany and Spain

(IN BRIEF) The European Investment Fund (EIF) has committed to guaranteeing over €100 million in financing through three intermediaries in Germany and Spain. Aimed at providing better access to education and training for underprivileged students and learners, the initiative is … Read the full press release

Cybersecurity across Europe in the last quarter: Post-Quantum Cryptography, 6G Network and Cloud Security

(IN BRIEF) In the last quarter (1 Dec 2023 – 1 Mar 2024), Europe’s cybersecurity scene was marked by significant strides, with Thales and Ericsson leading initiatives to enhance digital security. Thales’ TrustNest R-Cloud received European Restricted certification, bolstering secure … Read the full press release

Italy’s Motorway Network Set for Green Transformation with EIB’s €1.2 Billion Investment

(IN BRIEF) The European Investment Bank (EIB) has allocated a €1.2 billion loan to Autostrade per l’Italia SpA (ASPI) for the modernization of approximately 3,000 kilometers of motorways in Italy. This investment, supported by the EIB’s Climate Bank Roadmap and … Read the full press release

European Commission, EIB, and ESA Collaborate to Boost European Space Sector

(IN BRIEF) In a significant move, the European Commission, the European Investment Bank (EIB), and the European Space Agency (ESA) have signed a collaboration arrangement to strengthen the European space sector, with a particular focus on small and medium businesses … Read the full press release

Pioneering Green Steel Project in Sweden Attracts Significant Investment from European Banks

(IN BRIEF) H2 Green Steel, a Swedish company, has secured significant financial support from the European Investment Bank (EIB) and the Nordic Investment Bank (NIB) for its pioneering green steel project in Northern Sweden. This project aims to revolutionize the … Read the full press release

European Commission Approves Quantum Key Distribution Infrastructure for Enhanced Cybersecurity

(IN BRIEF) The European Commission has awarded a consortium led by Deutsche Telekom, named “Nostradamus,” the task of constructing testing infrastructure for quantum key distribution (QKD). This initiative will facilitate the evaluation of QKD devices from European manufacturers, a crucial … Read the full press release

Deutsche Telekom Leads Consortium to Advance Quantum Security in Europe

(IN BRIEF) The European Commission has initiated a 10-year strategic partnership led by Deutsche Telekom, called “Nostradamus,” to build a quantum key distribution (QKD) testing infrastructure. This infrastructure will evaluate QKD devices from European manufacturers and support the development of … Read the full press release

Eight Dutch Projects Receive €2.3 Million Funding to Enhance Water Security in EU’s ‘Water4all’ Program

(IN BRIEF) Eight Dutch projects have secured funding under the EU’s ‘Water4all’ program, with over €2.3 million invested, €1.6 million of which is co-funded by Dutch ministries and NWO, and €700,000 by the European Commission. The projects focus on improving … Read the full press release

European Commission Boosts Young People’s Influence in EU Policies Following European Year of Youth

(IN BRIEF) The European Commission has announced measures to empower young Europeans and enhance their influence on EU policies. Building upon the achievements of the 2022 European Year of Youth, these actions aim to involve young people in EU policymaking … Read the full press release

Eurojust Joins Forces with Belgium’s EU Presidency to Combat Drug Trafficking

(IN BRIEF) Belgium, holding the EU Council Presidency, is prioritizing efforts to combat organized drug-related crime, focusing on logistic hubs and major ports. Eurojust, the EU’s criminal justice cooperation agency, will collaborate with third countries to address cross-border drug trafficking. … Read the full press release

Iberdrola’s Commitment to Innovation Garners Second Consecutive Recognition from European Commission

(IN BRIEF) Iberdrola, a major energy company, has received recognition as the world’s leading private utility for investment in innovation and development, marking its second consecutive year of achievement in this regard. The European Commission’s report, ‘The 2023 Industrial R&D … Read the full press release

European Commission Approves €2.6 Billion Compensation to RWE for Early Coal Phase-Out

(IN BRIEF) The European Commission has given its approval for RWE to receive €2.6 billion in compensation for the early phase-out of its lignite-fired power plants, as mandated by the German Act to Reduce and End Coal-Fired Power Generation passed … Read the full press release