Fatih Birol’s Post

The Benelux Business Roundtable (BBR) is thrilled to announce the release of a comprehensive joint statement and report signed by 25 leading European stakeholders, shedding light on the critical challenges and opportunities for further integration of the Single Market within the EU. This initiative represents a significant step forward in our collective endeavour to enhance economic cooperation and efficiency across Europe.   🔍 Key Insights & Actions 🔍 The report outlines the obstacles hindering the seamless integration of the Single Market and proposes actionable solutions to address these challenges. A focal point of our analysis is the Single Market for Energy, which is deemed essential for propelling Europe towards a sustainable and cost-efficient energy transition, while ensuring the competitiveness of our energy-intensive industries.    🔗 Explore the Full Report & Joint Statement 🔗 We invite stakeholders, policymakers, and the broader business community to delve into the details of the report and joint statement. Together, we can navigate the complexities of market integration and forge a path towards a more unified and resilient European economy. https://lnkd.in/e2uQMX-n

This profile is Financed by the European Union

Today's ERT and EMI's "How to renew economic integration in the Single Market" event marks the launch of a most insightful campaign listing, analyzing and proposing concrete solutions to 100+ Single Market barriers currently experienced by key European businesses. ✅ The EU Single Market is the motor behind the EU’s competitiveness. Deeper integration is set to unlock 700+ billion euros before 2030 (the same amount as the Next Generation EU). ✅ In the face of ever-sharper global competition, renewing the dynamic of European integration through deepening our Single Market is the most efficient and practical way to boost EU industrial operating conditions, improve living standards and raise citizens’ income. ✅ Deepening the Single Market is not achieved through derogations or rolling back European standards. The goal should be to move towards a more efficient, simplified and harmonized regulatory framework across 27 EU Member States. ✅ European policy-makers should spearhead a new encompassing programme to deepen the Single Market in all areas, from energy and digital to capital markets and circular economy. Incredibly honored to have been part of this initiative as Chair of ERT's Single Market Task Force! Hope to see this and other EU industry efforts, such as the recent Antwerp Declaration, thoroughly reflected in the next EU Industrial Policy.

Our last monthly brief on EU Industrial Policy is out ! #EU2024BE #EU #industry #competition #investments

I had an honour to give a longer interview for the Hungarian Review of Economic Theory and Policy about: ➡️the problems with embracing electromobility in Germany and the EU ➡️ implications of those trends for the economies do Central Europe ➡️ and how to get rid from this development trap. More under the link. https://lnkd.in/diX_8Fxy

Extraordinary Summit on Competitiveness and the Single Market https://lnkd.in/ePyyb5u6 ETS, an EU CTP declared bidder - Facilitating a robust transparency framework that enhances EU Capital Market financing.

📣 The Annual Single Market and Competitiveness report came out today. The EU has very strong assets to build on highly qualified engineers, excellence in research, quality infrastructure, a solid manufacturing base, a strong services sector, a competitive edge in the development of clean technologies, high-performance computers, quantum, and transformative digital technologies – and, of course, the Single Market as a springboard. Yet, the European economy faces challenges – both long-standing and more recent – related to climate change, geopolitical shifts, technological acceleration, high energy prices, demography, labor and skills shortages, strategic dependencies, and unfair international competition. The 2024 report looks at the 9 drivers of sustainable competitiveness, which are at the core of long-term competitiveness agenda of the EU, thus contributing to the discussion between the Council, European Council and the European Parliament on progress and necessary measures regarding the future of the Single Market. Access to the report: https://lnkd.in/etahihZS

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The European Commission has proposed a specific one-off extension – until 31 December 2026 – of the current rules of origin for electric vehicles and batteries under the EU-UK Trade and Cooperation Agreement (TCA). The rules of origin for electric vehicles and batteries under the TCA were designed in 2020 to incentivise investment in the EU's battery manufacturing capacity. Circumstances not foreseen in 2020 – including Russia's aggression against Ukraine, COVID-19's impact on supply chains, and increased competition from new international subsidy support schemes – have led to a situation where the scaling-up of the European battery ecosystem has been slower than initially anticipated. Against this backdrop, and in light of the concerns raised by the European industries, the Commission has today adopted its proposal for a Council Decision. At the same time, the Commission will provide funding of up to €3 billion, for three years, to the most sustainable European battery manufacturers. This will create significant spillover effects for the entire European battery value chain, notably its upstream segment, as well as support the assembly of electric vehicles in Europe.

Meet us at the TSI Congress 2023 onsite in Berlin or globally online. In line with this year’s key theme 'Securitisation and Asset Based Finance – Contributing to financial market stability and growth of the real economy', we will present the following topics as speaker/moderator: 1. Dr. Sven Brandt: Auto ABS – what’s new in one of the most Traditional and Stable Asset Classes? 2. Dr. Julian Fischer: Commercial and Residential Real Estate Lending in Times of Rising Interest Rates 3. Dr. Dietmar W. Helms: Financing the Consumer Energy Transition: Securitisation of Residential Solar and Heat Pump Receivables