EU leaders agree CO2 emissions cut

The binding decision came after heated discussions at a summit in Brussels, as some members had argued that their varied interests should be protected. Correspondents say the final deal is a compromise between countries that rely heavily on coal, and those willing to instil greater emissions cuts. Environmental groups welcomed the deal, but said it did not go far enough.Read more

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West Africa: European Union to Boost Ebola Research With â¬24.4 Million

Brussels — The European Commission has today announced €24. illion from the EU budget for urgently needed Ebola research.Read more

Tripartite Social Summit: Need to stimulate investment to create more and better jobs

EU leaders and social partners have agreed yesterday morning on the urgent need to stimulate investment and create more jobs in order to meet the objectives of the Europe 2020 Strategy, the EU's long-term growth and jobs plan. During the twice-yearly Tripartite Social Summit ahead of the European Council, workers' and employers' organisations (the social partners) joined the President of the European Commission, José Manuel Barroso and the President of the European Council, Herman Van Rompuy, in agreeing on the need to pursue reforms to support a long-term recovery. They also discussed the EU's economic governance in general. The Tripartite Social Summit discussed the Commission's recent stock-take of the Europe 2020 strategy and the mid-term review of the European Semester.Read more

EU agrees target to cut gas emissions

We have sent a strong signal to other big economies and all other countries: we have done our homework, now we urge you to follow Europe's example," said Connie Hedegaard, the EU's climate commissioner. Green groups condemned the deal as a political fudge. Greenpeace had pushed for a cut of 55 per cent. It's a deal that puts dirty industry interests ahead of citizens and the planet," said Brook Riley of Friends of the Earth.Read more

EU leaders agree CO2 emissions cut

EU leaders have reached a landmark deal to cut greenhouse emissions by 40% by 2030, compared with 1990 levels, the BBC reported. The binding decision came after heated discussions at a summit in Brussels, as some members had argued that their varied interests should be protected. Correspondents say it could make the EU a leader again in climate policy. The bloc also agreed to boost the use of renewable energy to 27% in the total energy mix and increase energy efficiency to at least 27%.Read more

EU leaders agree to cut greenhouse gas emissions by 40% by 2030

European leaders have struck a broad climate change pact obliging the EU as a whole to cut greenhouse gases by at least 40% by 2030. But key aspects of the deal that will form a bargaining position for global climate talks in Paris next year were left vague or voluntary, raising questions as to how the aims would be realised. As well as the greenhouse gas, two 27% targets were agreed – for renewable energy market share and increase in energy efficiency improvement. The former would be binding only on the EU as a whole.Read more

European Council - October 2014 (Day 2)

EU Heads of State and Government meet at the European Council on 23 and 24 October 2014 in Brussels.Read more

Statement by EU Commissionner Connie Hedegaard on 2030 agreement by European Council

Commenting on the agreement, Connie Hedegaard said: ''The EU climate action commissioner is very proud that the 28 EU leaders, despite economic uncertainty and other severe international crises, were able to get their act together on this pressing climate challenge. A binding 40% CO2 reduction effort domestically in Europe is not an easy task. It can only be achieved through a major transformation in all parts of the society. That is why the EU leaders' decision to adopt the Commission's proposal is an ambitious and important step forward.Read more

Press release Transitional provisions for the application of minimum reserve requirements in Lithuania

Transmission embargo until 10 a. m. On 21 October 2014 the Executive Board of the European Central Bank (ECB) adopted a Decision on the application of minimum reserves by the ECB following the introduction of the euro in Lithuania on 1 January 2015 (ECB/2014/42). As of that date, credit institutions and branches of credit institutions (hereafter referred to as “institutions”) located in Lithuania will be subject to the Eurosystem’s minimum reserve requirements.Read more