"Europe must be a rulemaker, not a rule-taker", says Commission Vice-President Ribera in light of Omnibus trilogue
Photo: sinonimas, Getty Images via Canva
...In the coming days, Europe will choose either to lead the global sustainable finance system or step back as negotiations between the EU parliament, the European Commission and the Council of the EU conclude. This decision will determine who sets the standards for transparency, climate transition finance and corporate accountability for European companies — and whether the EU remains a rulemaker or becomes a rule taker in a system shaped elsewhere. The question is not only about sustainability, it is about competitiveness and sovereignty...
...Reliable information, clear standards and credible transition plans are indispensable to building competitive value chains, strengthening resilience and ensuring that Europe remains an attractive destination for investment...
[G]iving up on transparency, reliability and diligence — or outsourcing core elements of our transition — is not simplification. It is self-harm. Europe has always competed through high standards, innovation and quality of life. It can still lead on all these fronts — but only if it chooses to do so.
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