Written by Didier Bourguignon (6th edition)
Despite significant progress in recent decades, air pollution levels in the European Union still have adverse impacts on the environment and on health. The European Commission estimates that health-related costs of air pollution in the EU range from 390 to 940 billion euros per year.
The proposed directive, which would replace the current National Emission Ceilings Directive, sets binding national reduction objectives for six air pollutants (SO2, NOx, NMVOCs, NH3, PM2.5 and CH4) to be met by 2020 and 2030. It will also implement the Gothenburg Protocol as amended in 2012. The European Commission estimates that implementation costs would range from 2.2 to 3.3 billion euros per year.
After completion of the legislative procedure at first reading in the European Parliament and the Council, the presidents of the co-legislators signed the final act on 14 December 2016. Member States are required to transpose the new directive into national law by 1 July 2018.
VersionsCommittee responsible:
Rapporteur:
Environment, Public Health and Food Safety (ENVI)Julie Girling (ECR, UK)
COM(2013)920 of 18.12.2013
procedure ref.: 2013/0443(COD)
Ordinary legislative procedure
Procedure completed: Directive (EU) 2016/2284Click to view slideshow.
Written by Angelos Delivorias (2nd edition),
The European Venture Capital Funds (EuVECA) and European Social Entrepreneurship Funds (EuSEF) are collective investment schemes that have been harmonised at European Union (EU) level since 2011 by means of two Regulations: (EU) No 345/2013 (EuVECA) and (EU) No 346/2013 (EuSEF). In its 2016 review, the Commission noted that these funds remain small and concentrated in a few Member States and that, while the take-up of EuVECA could be considered successful, the EuSEF results have been disappointing. Three main obstacles to further growth have been identified: limitations imposed on managers; product rules; and the (varying) application of regulatory fees in Member States with regards to funds’ marketing and management. To overcome those obstacles, the Commission has identified some measures that − by removing limitations on larger managers managing EuVECA and EuSEF funds, decreasing costs for EuVECA and EuSEF funds, and broadening the range of eligible assets EuVECA funds may invest in − should increase investment into these funds.
Interactive PDF Proposal for a Regulation amending Regulation (EU) No 345/2013 on European venture capital funds (EuVECA) and Regulation (EU) No 346/2013 on European social entrepreneurship funds (EuSEF) Committee responsible:Rapporteur:
Shadow rapporteurs:
Economic and Monetary Affairs (ECON)
Sirpa Pietikäinen (EPP, Finland)
Andrea Cozzolino (S&D, Italy)
Syed Kamall (ECR, UK)
Cora Van Nieuwenhuizen (ALDE, the Netherlands)
Marco Zanni (EFDD, Italy)
COM(2016)0461 14.07.2016, 2016/0221(COD)
Ordinary legislative procedure (COD) (Parliament and Council on equal footing – formerly ‘co-decision’)
Next steps expected: Vote in Committee