AGP Executive Report
Last update: 2 hours agoEU Climate Overhaul: The European Commission unveiled an Electrification Action Plan and proposed ETS reforms, including a 46% electrification target by 2040, a €100bn Industrial Decarbonisation Bank, and a shift in how free allowances and carbon removals work—while industry groups and aviation bodies immediately pushed back. Aviation Carbon Fight: Iata said the ETS expansion to some flights beyond Europe from 2029 is “deeply frustrating,” while Transport & Environment called it too weak. Franco-German China Response: Macron and Merz agreed to build a joint roadmap by September to tackle China trade imbalances, pressing for faster EU market investigations and protection tools. Digital Gambling Crackdown: France ordered ISPs to block Polymarket over illegal betting and manipulation concerns, adding to Spain’s earlier move against similar platforms. UK Politics: Labour confirmed Andy Burnham as leader, setting up his Monday prime ministerial handover after Keir Starmer’s exit. Energy Geopolitics: Turkey reportedly started work on a gas pipeline to occupied north Cyprus, with a possible future reverse flow to route Eastern Mediterranean gas toward Europe. Business & Investment: Lakestar closed a $300m resilience fund for defense and dual-use tech; newcleo advanced France MOX fuel licensing after an ASNR safety opinion. Markets: Europe closed lower as a tech rout dragged sentiment.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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