subsidies
Redirecting subsidies from foodstuffs produced from high-emission rearing, such as beef cattle, towards those with fewer emissions can help the developed world including Europe to achieve net zero emissions, the World Bank said in its first strategic framework on food production impact on climate change. “High-income countries should decrease consumer demand for emissions-intensive, animal-source foods by fully pricing environmental and health externalities, repurposing subsidies, and promoting sustainable food options,” the report, released on Tuesday (7 May), reads. The Washington-based fina...
Euronews (English)
The European Commission on Tuesday carried out unannounced inspections at a company in the security equipment sector, the first to be done under the Foreign Subsidies Regulation. The new rules, which applied since July 2023, aim to tackle distortions caused by foreign subsidies and ensure a level playing field for all companies operating in the EU market. So far, the Commission has opened several investigations under the regulation, including into Chinese solar panel manufacturers and wind turbine producers, but this is the first time it has acknowledged raiding premises. "The Commission has i...
Euronews (English)
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