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Author: EP think tank

Briefing – Understanding electricity markets in the EU – 11-11-2016

The European electricity system is undergoing big changes at present. The transition towards a low-carbon economy means a growing role for renewable energy sources, greater energy efficiency and the electrification of transport and other sectors. It also involves giving consumers a more meaningful role, allowing them to manage their demand actively, produce electricity for self-consumption and feed the excess into the grid. In this context, electricity markets, regulations and technical infrastructures need to be adapted to a world in which large utilities no longer dominate the market. Furthermore, markets need to be redesigned in such a way as to...

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Briefing – EU port cities and port area regeneration – 10-11-2016

Ports have always been an important asset to Europe, serving as gateways to the rest of the world and as connection points to rivers across European territory. For centuries, ports and their cities developed hand in hand, the port generating prosperity for the city. This has changed with the industrial revolution, globalisation and the rapid development of containerisation. Most ports moved out of their cities and their mutual relationship began to suffer. Today, this relationship experiences a new dynamism, driven on both sides by the aspiration to revive ports after the recent crisis, while at the same time making...

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At a Glance – Implementing the Paris Agreement – COP 22 – 07-11-2016

Study in focus: The study summarises the developments leading to the adoption of the Paris Agreement on climate change in 2015 and provides an overview of its contents. The further implementation process and the roles of the main Parties and other stakeholders are discussed, as well as related international developments and the challenges of the climate change conference in Marrakesh (COP 22) from 7 to 18 November 2016. Source : © European Union, 2016 –...

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Briefing – Rail passenger rights and obligations – 07-11-2016

Regulation (EC) 1371/2007 provides passengers with minimum protection when travelling by trains. The rights applicable to train passengers included in the regulation reflect the 10 core passenger rights applicable to all modes of transport. The regulation obliges Member States, their respective authorities and railway undertakings to implement these provisions in their practice, not only to safeguard passengers’ rights, but also to increase the share of train transport compared to other modes of transport. In this context, Regulation (EC) 1371/2007 is an important harmonisation tool which should ensure that all passengers travelling by train in the EU have the same rights. However, the regulation...

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Briefing – Regular Public Hearing with Danièle Nouy, Chair of the Single Supervisory Mechanism – 04-11-2016

This note was prepared by the Economic Governance Support Unit in advance of a regular public hearing referred to in Regulation 1024/2013 and in line with the Interinstitutional Agreement between the European Parliament and the European Central Bank. The following issues are addressed: Results of the EBA 2016 EU-wide stress test and their relevance for banks’ capital requirements, including some methodological issues and conduct risk; ongoing revisions of the Basel III framework; abstracts of three external briefing papers; the ECB guidance on non-performing loans; and EBA’s latest Risk Dashboard. Source : © European Union, 2016 –...

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Briefing – A European agenda for the collaborative economy – 04-11-2016

The ‘collaborative economy’ – also known as the ‘sharing economy’ – enables people to share goods and services by using internet platforms and information and communications technology applications. Due to its rapid growth, the collaborative economy has recently raised regulatory issues in various sectors across the European Union (EU). It is argued that this new model of economic activity, with its focus on consuming more efficiently, brings consumers lower prices and broader choice and enables them to capitalise on their property and skills to generate extra income. A counter-argument stresses that this is causing market imbalances and unfair competition...

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Briefing – EBA Stress Test 2016: Some Methodological Issues Raised in the Public Domain – 03-11-2016

This note is prepared in advance of the regular hearing with the Chair of the Single Supervisory Mechanism on 9 November 2016 in the competent Committee of the European Parliament. It deals specifically with some methodological issues raised in the public domain in the context of the EBA 2016 stress test. A separate briefing on more general aspects of this exercise (“Bank stress testing: stock taking and challenges”) has been published by EGOV on 22 September 2016. Source : © European Union, 2016 –...

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