It s a bumper year for European startups but you couldn t tell from the conversation in Brussels.
On Monday, Estonian ride-hailing firm Bolt got its hands on €600 million to launch a new grocery delivery service. Officials in Brussels, however, were focused on the European Commission s investigation into Facebook s planned acquisition of Kustomer.
That s part of a pattern. The Continent s upstarts are raising more money at an unprecedented pace, and are emerging as dominant players in ultra-competitive fields such as financial services and green tech. But Brussels unrelenting focus on taming U.S. Big Tech, coupled with European entrepreneurs own lack of experience in Brussels, could leave Europe s startups adrift.
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Fit for 55: Reshaping global climate leadership and transatlantic cooperation EnergySource by The Global Energy Center
Facade of the European Parliament Paul Henri-Spaak building in Brussels, Belgium (Guillaume Périgois/Unsplash)
On July 14, 2021, the European Union (EU) took another major step towards climate neutrality by rolling out a massive roadmap that provides a legislative backbone for the European Green Deal. The Fit for 55 package includes climate, energy, land use, transport, and taxation policies aimed at reducing greenhouse gas emissions 55 percent by 2030, compared to 1990 levels. Will the package push global leaders to turn climate goals into action or will complex negotiations between the 27 EU member states and the European Parliament derail the EU’s efforts to lead on the energy transition? In this rapid response piece, Global Energy Center experts analyze the highlights and implications of the Fit for 55 package.
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Organic food
(BRUSSELS) - 65 companies and associations signed a new EU Code of Conduct on Responsible Food Business Monday, with a view to increasing the availability and affordability of healthy and sustainable food options.
The Code, aimed at reducing the EU s overall environmental footprint, has been developed with EU associations and companies, with active involvement and input from international organizations, NGOs, trade unions and trade associations.
The move was a considerable step forward made by the agri-food ecosystem, said Internal Market Commissioner Thierry Breton: Every voluntary commitment counts to achieve the sustainable transition of our food systems, while increasing their resilience. The Commission is committed to mobilising its support instruments, in particular for SMEs, the backbone of the agri-food ecosystem, as we are embarking on this ambitious journey.