NL

The province of Newfoundland and Labrador green lights World Energy GH2's Project Nujio'qonik

Retrieved on: 
Tuesday, April 9, 2024
Hydrogen, Climate change, Chair, Investment, Government, Environmental issues, Biophysical environment, EIS, EDC, Export Development Canada, Environment, Natural Resources, Qalipu First Nation, FEED, EPC, Environmental impact assessment, GH2, Renewable energy

"Project Nujio'qonik continues to be one of the most advanced green hydrogen export projects under development, globally," said Sean Leet, Managing Director and CEO, World Energy GH2.

Key Points: 
  • "Project Nujio'qonik continues to be one of the most advanced green hydrogen export projects under development, globally," said Sean Leet, Managing Director and CEO, World Energy GH2.
  • "Industry at home and around the world has been closely watching this decision," said John Risley, Chair, World Energy GH2.
  • Newfoundland and Labrador has taken the necessary steps to solidify its position as a global leader in renewable green energy production.
  • Project Nujio'qonik is a catalyst for the green energy industry in Atlantic Canada and around the world."

Press release - Products made with forced labour to be banned from EU single market

Retrieved on: 
Thursday, April 25, 2024
Civil service commission, Conference, Prevalence, International trade, Multilateralism, Sale, European single market, S&D, Attention, Official Journal, EU Council, Risk, Parliament, European Commission, Legislation, Rapporteur

Products made with forced labour to be banned from EU single market

Key Points: 
  • Products made with forced labour to be banned from EU single market
    - Suspected use of forced labour to be investigated and, if proven, products to be withdrawn from the market
    - Attention to products coming from areas with a high risk of state-imposed forced labour
    - Products may be allowed back on the market if forced labour is eliminated from the supply chain
    Parliament has given its final approval to a new regulation enabling the EU to prohibit the sale, import, and export of goods made using forced labour.
  • Several risk factors and criteria will be taken into account, including the prevalence of state-imposed forced labour in certain economic sectors and geographic areas.
  • Consequences for companies using forced labour
    Manufacturers of banned goods will have to withdraw their products from the EU single market and donate, recycle or destroy them.
  • The goods may be allowed back on the EU single market once the company eliminates forced labour from its supply chains.

Liquidity transformation and Eurosystem credit operations

Retrieved on: 
Thursday, April 25, 2024
Appendix, Central bank, Interaction, A.1, Research Papers in Economics, Coincidence, ACC, Style (visual arts), Policy, CQS, PDF, Next, PIGS (economics), R2, ECB, Risk, L2, ABS, Section 4, Social science, E52, JEL, Section 3, COVID-19, The Journal of Finance, Elasticity, Bias, Classification, Overalls, LTR, Credit, MFI, Literature, Creditor, Public sector, FX, UBB, Section 2, European Central Bank, EUR, C23, Pressure, LOLR, Chapter Two, Section 5, MPO, Rest, Reproduction, Website, Fahd of Saudi Arabia, RHS, Abstract, LCR, Capital Requirements Regulation 2013, National bank, Government, Interval (mathematics), Security (finance)
Key Points: 

    Press release - Press conference: First EU due diligence rules for companies

    Retrieved on: 
    Tuesday, April 23, 2024
    Biodiversity loss, Environment, Child, S&D, MEP, European Parliament

    Press conference: First EU due diligence rules for companies

    Key Points: 
    • Press conference: First EU due diligence rules for companies
      Lead MEP Lara Wolters (S&D, NL) will brief journalists on the new rules for corporate sustainability through due diligence following the final plenary vote.
    • When: Wednesday, 24 April 2024, 15.00 CET
      Where: European Parliament in Strasbourg, Daphne Caruana Galizia press conference room (WEISS N -1/201)
      How: Accredited media representatives can attend the press conference in person.
    • The press conference will also be web streamed live and recorded on the Parliament’s Multimedia Centre.
    • The rules would be enforced by national authorities responsible for investigating and for imposing sanctions on non-compliant companies.

    Press release - Forced labour regulation: press conference with lead MEPs on Tuesday at 14.00

    Retrieved on: 
    Friday, April 19, 2024
    Civil service commission, IPad, Google Chrome, European Parliament, Sale, S&D, European Commission, Safari

    When: Tuesday, 23 April 2024, 14.00 CET

    Key Points: 
    • When: Tuesday, 23 April 2024, 14.00 CET
      Where: European Parliament in Strasbourg, Daphne Caruana Galizia press conference room (WEISS N -1/201)
      How: Accredited media representatives can attend the press conference in person.
    • The press conference will also be webstreamed live and recorded on the Parliament’s Multimedia Centre.
    • Background
      The new forced labour regulation will give the EU a right to ban the sale, import and export of products made using forced labour.
    • However, goods would be allowed back on the market if the company eliminates forced labour from its supply chains.

    Central bank asset purchases and auction cycles revisited: new evidence from the euro area

    Retrieved on: 
    Friday, April 19, 2024
    EADB, Eurozone, Central bank, Exercise, Finance, Selection, Zero lower bound, History, Sale, Empirical evidence, Research Papers in Economics, SDW, Flight-to-liquidity, Money, EONIA, APP, Fleming, Born, AAA, Fiscal, PEPP, Pyrrhic victory, Policy, Research, Breitung, MOSFET, Autocorrelation, Euro, PDF, Classification, ECB, Blog, Dependent and independent variables, Eser, DMO, Impact, PSPP, SMP, Efficacy, AC, QE, Sovereign, Confidentiality, Section 4, MOC, Convention (norm), Data warehouse, Social science, LHS, Control, JEL, Chart, Section 3, Importance, Journal, Bank of France, Role, G14, Government, Capital, The Journal of Finance, Credit, E58, Contagion, Literature, Public sector, DeSantis, Paper, Section 2, European Central Bank, Health, Arnone, Attention, Pressure, NCBS, G12, Journal of Financial Economics, Reproduction, Website, Table, Movement, IMF, RHS, Working paper, Ehrmann, Treasury, Market, Symmetry, Heart, Data, Beck, VIX, Natural experiment, Interval (mathematics), Confidence interval, Medical classification, Security (finance)

    Working Paper Series

    Key Points: 
      • Working Paper Series
        Federico Maria Ferrara

        Central bank asset purchases
        and auction cycles revisited:
        new evidence from the euro area

        No 2927

        Disclaimer: This paper should not be reported as representing the views of the European Central Bank
        (ECB).

      • Abstract
        This study provides new evidence on the relationship between unconventional monetary
        policy and auction cycles in the euro area.
      • The findings indicate that Eurosystem?s asset purchase flows mitigate
        yield cycles during auction periods and counteract the amplification impact of market volatility.
      • The dampening effect of central bank asset purchases on auction cycles is more sizeable and
        precisely estimated for purchases of securities with medium-term maturities and in jurisdictions
        with relatively lower credit ratings.
      • On the other hand, central banks may influence price dynamics in these markets, most notably
        through their asset purchase programmes.
      • If so, do central bank asset purchases
        affect bond yield movements around auction dates?
      • Auction cycles are present when secondary market yields rise in
        anticipation of a debt auction and fall thereafter, generating an inverted V-shaped pattern around auction
        dates.
      • ECB Working Paper Series No 2927

        3

        1

        Introduction

        The impact of central bank asset purchases on government bond markets is a focal point of economic and
        financial research.

      • If so,
        do central bank asset purchases shape yield sensitivity around auction dates?
      • The paper provides new evidence on the effects of Eurosystem?s asset purchases on secondary market
        yields around public debt auction dates.
      • The analysis builds on previous research based on aggregate data
        on central bank asset purchases and a shorter analysis period (van Spronsen and Beetsma 2022).
      • Using
        granular data on Eurosystem?s asset purchases offers an opportunity to shed light on the mechanisms linking
        unconventional monetary policy and auction cycles.
      • Given this legal constraint, the study
        hypothesises that the effect of asset purchases on 10-year auction cycles is mostly indirect, and goes via price
        spillovers generated by purchases of securities outside the 10-year maturity space.
      • Taken together, these results provide new evidence about auction cycles in Europe and contribute to a
        larger literature on the flow effects of central bank asset purchases on bond markets.
      • Section 4 offers descriptive evidence about auction cycles in the euro area.
      • Auction cycles are defined by the presence of an inverted V-shaped pattern in secondary market yields
        around primary auctions.
      • That is, government bond yields rise in the run-up to the date of the auction and
        fall back to their original level after the auction.
      • Their limited risk-bearing capacities and inventory management operations are
        seen as key mechanisms driving auction cycles (Beetsma et al.
      • ECB Working Paper Series No 2927

        7

        Second, central bank asset purchases can alleviate the cycle by (partly) absorbing the additional supply
        of substitutable instruments in the secondary market (van Spronsen and Beetsma 2022).

      • This expectation is
        supported by several analyses on the price effects of central bank bond purchases (D?Amico and King 2013;
        Arrata and Nguyen 2017; De Santis and Holm-Hadulla 2020).
      • Empirically, previous research has provided evidence of auction cycles taking place across different jurisdictions.
      • (2016) detect auction cycles for government debt in Italy, but not in Germany, during the European
        sovereign debt crisis.
      • Research on the impact of central bank asset purchases on yield cycles around auctions is still limited.
      • Their paper provides evidence
        that Eurosystem?s asset purchases reduce the presence of auction cycles for euro area government debt.
      • Nonetheless, several questions remain open about auction cycles and unconventional monetary policy
        in the euro area.
      • Therefore, they
        provide only a partial picture of auction cycles and central bank asset purchases in Europe.
      • The use of granular data on central bank asset purchases is especially important in light of the modalities
        of monetary policy implementation of the Eurosystem.
      • Altogether, these elements motivate further investigation of the relationship between central bank asset
        purchases and auction cycles in the euro area.
      • Taken together, these results confirm that Eurosystem?s asset purchases mitigate yield cycles during auction periods and counteract the amplification impact of market volatility.
      • The findings confirm that the flow
        effects of central bank purchases on yield movements around auction dates are driven by lower-rated countries.
      • Additional analyses provide evidence for an indirect effect of purchases on auction cycles and highlight
        the presence of substantial heterogeneity across jurisdictions and purchase programmes.
      • Flow Effects of Central Bank Asset Purchases on Sovereign Bond
        Prices: Evidence from a Natural Experiment.
      • Federico Maria Ferrara
        European Central Bank, Frankfurt am Main, Germany; email: [email protected]

        ? European Central Bank, 2024
        Postal address 60640 Frankfurt am Main, Germany
        Telephone
        +49 69 1344 0
        Website
        www.ecb.europa.eu
        All rights reserved.

    Press release - MEPs adopt stricter CO2 emissions targets for trucks and buses

    Retrieved on: 
    Thursday, April 18, 2024
    GHG, Carbon, Parliament, Commission, City, Garbage, Council, CO2, Atmosphere, Hepatitis D

    The regulation, addressing emissions from new trucks, buses and trailers, was endorsed by MEPs with 341 votes in favour, 268 against and 14 abstentions.

    Key Points: 
    • The regulation, addressing emissions from new trucks, buses and trailers, was endorsed by MEPs with 341 votes in favour, 268 against and 14 abstentions.
    • CO2 emissions from large trucks (including vocational vehicles, such as garbage trucks, tippers or concrete mixers) and buses will have to be reduced by 45% for the period 2030-2034, 65% for 2035-2039 and 90% as of 2040.
    • By 2030, new urban buses will need to reduce their emissions by 90% and become zero-emission vehicles by 2035.
    • Emissions reduction targets are also set for trailers (7.5%) and semi-trailers (10%), starting from 2030.

    Orphan designation: Sodium (4-{(E)-3-(4-fluorophenyl)-3-[4-(3-morpholin-4-yl-prop1ynyl)phenyl]allyloxy}-2-methylphenoxy)acetate Treatment of long-chain 3-hydroxyacyl-coenzyme A dehydrogenase deficiency, 21/08/2020 Withdrawn

    Retrieved on: 
    Thursday, April 18, 2024
    Eurostat, Diagnosis, Civil service commission, Atrophy, Brain, Enzyme, DSM-IV codes, Cell, Patient, Committee, Knowledge, Mitochondrion, PPAR, Regulation, Fatigue, EMA, IRIS, Eye, Diet, European, Retina, COMP, Heart, Sponsor, European Commission, Hypoglycemia, Safety, LCHAD, Dicarboxylic acid, Marketing, Liver, Medicine, Pharmaceutical industry

    Orphan designation: Sodium (4-{(E)-3-(4-fluorophenyl)-3-[4-(3-morpholin-4-yl-prop1ynyl)phenyl]allyloxy}-2-methylphenoxy)acetate Treatment of long-chain 3-hydroxyacyl-coenzyme A dehydrogenase deficiency, 21/08/2020 Withdrawn

    Key Points: 


    Orphan designation: Sodium (4-{(E)-3-(4-fluorophenyl)-3-[4-(3-morpholin-4-yl-prop1ynyl)phenyl]allyloxy}-2-methylphenoxy)acetate Treatment of long-chain 3-hydroxyacyl-coenzyme A dehydrogenase deficiency, 21/08/2020 Withdrawn