The long and winding road to a new EU budget

You wait ages for an omnibus, then six come along at once. The European Commission’s omnibus simplification programme is becoming a veritable traffic jam, transforming — if not clogging up — the legislative pipes. And there’s more to come: a 22 July consultation hints at the next phase, a review of EU environmental law. Behind the scenes, frustration is mounting among officials and lawmakers alike, who denounce a top-down process that risks undermining years of work — and shifting the balance of power in Brussels.

The European Commission has unveiled its long-awaited plan for the future EU budget. Brussels proposed to shake up the EU’s finances with the creation of a Competitiveness Fund — a single, €400-billion pot which it hopes will give the bloc the financial firepower needed to deliver on climate, energy and economic objectives. Contexte looks at the fine print to figure out just how this budgetary overhaul will work.

The European Commission has finally unveiled its €2-trillion proposal for the 2028-2034 EU budget — and there’s plenty for energy and climate watchers to dig into. With a fivefold boost in cross-border energy infrastructure spending, 35% of funds earmarked for green priorities, and a notable new role for nuclear, Contexte sets out some key points to take away.

On 17 June, the European Commission proposed its boldest move yet to cut ties with Russian gas: a complete import ban by 2028. But behind the strong political message lie serious legal and financial risks, with billions in compensation potentially at stake and arbitration cases looming.

The European Commission released its highly anticipated subsidy framework on 25 June, setting out how EU state aid can be dished out for the next five years. The clean industrial state aid framework, a key plank of decarbonisation goals, covers everything from nuclear, to clean technology manufacturing, to de-risking private investments in energy infrastructure. Perhaps most controversially, it allows public subsidies to go to a fossil fuel, albeit setting a 2040 phase-out date.