Energy transition in the new competitiveness deal: Discussion with EU energy ministers

At the Informal Energy Council in Budapest on 16 July, our Director General Markus J. Beyrer presented the results, and the derived policy recommendations, of our new in-depth study with Compass Lexecon to the EU’s energy ministers.

Director General Markus J. Beyrer participated in a discussion about the energy sector's role in the new competitiveness deal. He stated: “The timing of this meeting couldn't be better as we anticipate a new term in the European policymaking calendar. We hope it will put real emphasis on the issue of competitiveness in the European agenda.”
Beyrer presented key findings from our study, highlighting the need to address the carbon cost differential and the energy competitiveness gap.

The report projects that by 2050, the energy cost gap between the EU and the USA, China and India could be at least 50% or even 2-3 times higher, depending on the scenario and the effectiveness of the measures taken.
Based on the results of the study, seven policy recommendations were formulated to minimise the energy cost differential compared to our international competitors. “We are calling for a massive deployment of all necessary energy sources and infrastructure to prevent company relocations and investment leakage,” Beyrer emphasised.

Read our publication

Three pillars of the Economic Security Strategy

Promote, partner and protect: European Commission Vice-President Valdis Dombrovskis outlines the pillars of the EU Economic Security Strategy. This was also the topic of the B7-G7 meetings on 16-17 July in Reggio Calabria, Italy, with participation of our Deputy Director General Luisa Santos.

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Quote of the week

"The G7 should improve coordination to secure critical raw materials and address distortive industrial subsidies and overcapacity. Unilateral actions in these areas exacerbate market distortions, undermining economic security and a level playing field."

Our Deputy Director Genral Luisa Santos at the G7 Industry Stakeholders Conference on 16 July 2024 in Italy.

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European Commission proposals to improve the quality of traineeships in the EU

18 July

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Better regulation in the new EU legislature

17 July

Read our position paper.

Championing open trade for a prosperous future

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Read the EU Business Joint Declaration.

ED 2024 1 Business combinations: disclosures, goodwill and impairment

15 July

Read the letter from Erik Berggren to the International Accounting Standards Board.

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