CrisisWatch

Economy & development

Denmark invests in green future

Denmark’s 2014 budget includes spending provisions that aim to boost green economic activity and invest in nature conservation. Environment Minister Ida Auken has announced a strategy, which she hopes will bring about a green paradigm shift. Initiatives in recycling, sustainable food and a low carbon economy will receive 800 million kroner (?107 million €)....
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EU austerity budget approved by European Parliament

In a non-legislative resolution, the European Parliament finally approved the Multiannual Financial Framework (MFF) for 2014-2020.  The €959.988 million EU budget, which amounts to 1% of the EU’s gross national income, is shorter by €34.188 million, compared to the current MFF 2007-2013.  In June 2012, the Commission had proposed a €1.045.282 million budget....
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European Parliament committee approves EIA Directive, despite pressures

In a June 11th vote on the new directive on environmental impact assessments, the European Parliament’s Environment Committee endorsed a proposal to include under mandatory EIA all shale gas operations. The adopted text includes provisions for strengthening of the quality of consultation with the public and accounting for the cumulative effects with other projects (which would end the practice of ‘salami-slicing’ into a multitude of smaller...
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Tourism law threatens Greece’s main tourism product: nature

In a draft law submitted to the Hellenic Parliament end of June, Tourism Minister Olga Kefalogianni aims to promote massive construction in ecologically sensitive areas, primarily islets and the coatline, many of which are protected by national and EU legislation.  The law also provides for the legalisation of illegal constructions, which deprives the national coffers of valuable revenues from the collection of the relevant financial penalties....
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Spain’s sustainability observatory closes due to lack of funding

Spain’s sustainability observatory closes due to lack of funding The short lived but prestigious Observatorio de la Sostenibilidad en España (SEA) announced its closure, due to the non-renewal of its funding agreement with the Environment Ministry. Its website, containing reports and important information on Spain’s state of the environment and sustainability policies was also shut down....
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NGO alliance challenges budget cuts in Italian Environment Ministry

A group of 18 environmental groups calls for a halt in the constant process of indiscriminate cuts to the budget of the Ministry of Environment, which has been reduced from € 1.6 billion in 2009 to just 468 million euro in 2013. At this point, the Environment Ministry is the poorest in resources, in the Government.  WWF Italy has been criticising the progressive dismantling of the Environment Ministry since 2010, on the grounds that it has re...
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Prospects for Financial Transactions Tax in dire straits

The January 22nd decision of the European Council to allow 11 member states to launch a tax on financial transactions through enhanced cooperation is facing serious pressure both from “inside” and “outside”. Italy, a member of the 11 states participating in the FTT enhanced cooperation process, expresses fears for short-term negative impacts on sovereign bonds.  The UK, supported by Luxembourg, is launching legal action at the European...
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Recycling industry affected by crisis

According to 2011 data published by Eurostat on waste management, the volume of material recycling in crisis-hit EU member states has dropped to pre-2009 levels (figures shown in table below). An overall reduction in per capita waste generation is also evident in the data published by Eurostat, as a result of reduced consumption. ...
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