AGP Executive Report
Last update: 3 hours agoEU Climate and Nature: Environment ministers meeting in Luxembourg agreed to push for faster action on climate and biodiversity at COP31 and COP17, while debating changes to the emissions trading system. Spain urged the EU to keep its emissions-cutting ambition; Italy called for changes to ease energy costs. EU Budget: Luc Frieden said talks on the 2028–2034 budget remain difficult. He is open to using emissions-trading revenue or levies on imports that fail EU environmental standards to help fund the bloc, but ruled out higher corporate taxes. Green Finance: Luxembourg and Vietnam agreed to deepen cooperation on green finance, investment funds and capital markets, building on Luxembourg’s support for Vietnam’s financial-sector development. Water and Freight: Severe low water levels have disrupted freight shipping to Luxembourg, underscoring the transport risks of drought.
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