Skip to content
  • MyNewMarkets.com
  • Claims Journal
  • Insurance Journal TV
  • Academy of Insurance
  • Carrier Management
Insurance Journal - Property Casualty Industry News

Featured Stories

  • Trade and War Worries Haunt Davos: WEF Survey
  • Railroads, Regulators Thwart Safety Fixes
  • Articles
  • Jobs
  • Markets

Current Magazine

current magazine
  • Read Online
  • Subscribe
  • Login
  • Front Page
    • National
    • International
    • Most Popular
    • Magazine
    • Forums
    • Blogs
    • Videos/Podcasts
    • Newsletters
  • News
    • Most Popular
    • National
    • International
    • East
    • Midwest
    • South Central
    • Southeast
    • West
  • Magazines
  • Research
  • Directories
  • Jobs
  • Features
    • Events
    • Forums
    • Market Directories
    • Quotes
    • Polls
    • Rankings & Awards
    • Insurance Giving Back
  • Subscribe

EU Says Drive to Simplify Will Not Weaken Climate Agenda

By Kate Abnett | January 30, 2025
Email This Subscribe to Newsletter
  • Article

The European Union’s drive to simplify rules will not weaken the bloc’s climate change goals, European Commission President Ursula von der Leyen said.

She was speaking on Wednesday after the Commission published a plan to boost EU competitiveness, the first of a series of EU policies to support industries, as it seeks to present a counter-offer to U.S. President Donald Trump’s promise to scrap regulation.

Von der Leyen said Brussels would need to adapt its rules as industries undertake the clean energy transition – but that this would not mean weakening its targets to cut net greenhouse gas emissions by 55% by 2030, and zero them out by 2050.

EU Is Set to Shrink ESG Reporting Rules Amid French Demands

“We stay the course. The goals are cast in stone,” she told a news conference. “The goals stay, the objective stays, but we want to reach it better and faster. And for that, we have to reduce complexity.”

Europe and the U.S. have diverged in their approaches to climate change.

After taking office last week, Trump halted U.S. government clean tech funding and quit the Paris climate agreement.

Von der Leyen said Europe’s plan to boost competitiveness was not at odds with its green agenda – since both aim to expand the local manufacturing of clean technologies and renewable energy.

But she faces pressure from some industries, governments and lawmakers to weaken climate policies that are designed to ensure Europe meets its emissions targets.

Countries, including Poland, want to delay a planned EU carbon market for transport and heating fuels. Italy and the Czech Republic are among those opposing the EU’s 2035 phase-out of combustion engine cars, and center-right lawmakers have proposed delaying the EU’s carbon border tax.

EU proposals due late next month will offer a first signal of the extent to which Brussels plans cut red tape – a mission it embarked on months ago that has gathered urgency now Trump is back in office.

The EU confirmed on Wednesday that next month’s measures will include pared-back reporting requirements for businesses under three EU sustainability rules, “among others.”

The three policies being tackled first are the EU’s sustainable finance reporting law, its due diligence rules, and its “taxonomy” defining which investments can be labeled as climate-friendly.

EU officials say Brussels is also considering adding the carbon border tariff to next month’s simplification package.

(Reporting by Kate Abnett; editing by Hugh Lawson and Barbara Lewis)

Related:

  • EU Seeks to Streamline ESG Regulations Amid Growing Backlash
Copyright 2026 Reuters. Click for restrictions.

Topics Europe

Was this article valuable?

Thank you! Please tell us what we can do to improve this article.

Thank you! % of people found this article valuable. Please tell us what you liked about it.

Here are more articles you may enjoy.

Court Orders Justice Family Coal Companies to Pay $1M to Liberty Mutual Unit
Georgia Republicans Move to Scrap State Income Tax by 2032 Despite Concerns
Expense Ratio Analysis: AI, Remote Work Drive Better P/C Insurer Results
Nearly Half of 100 Largest P/C Insurers Destroy Value: ACORD

Written By Kate Abnett

More From Author

The most important insurance news,
in your inbox every business day.

Get the insurance industry's trusted newsletter

Email This Subscribe to Newsletter
  • Categories: International & Reinsurance NewsTopics: Climate Change, climate reporting, Corporate Sustainability Reporting Directive (CSRD), environmental social and governance (ESG) criteria, ESG regulation, EU climate change, EU ESG rules
  • Have a hot lead? Email us at newsdesk@insurancejournal.com
More News
Allstate-LogoAllstate Can Proceed with Recovery in Texas RICO Case: Fifth Circuit
Trump Officials Vow to Keep All US Coal Plants Running
merger and acquisition business concept, join company on puzzle pieces, 3d renderingDealmakers See More Retail Mergers, IPOs After Tariffs Sidelined M&A Last Year
Texas Proposes 13,000% Fee Hike on Hemp THC Shops
More News Features

Read This Next

  • EU Says Drive to Simplify Will Not Weaken Climate Agenda
  • Expense Ratio Analysis: AI, Remote Work Drive Better P/C Insurer Results
  • Relief But Questions on Agents' Duties to Insureds After Florida Court Ruling
  • Trump's Venezuela Gambit Tests Investor Appetite for Geopolitical Risk
  • Thumbs Down on SELF DRIVE Act as Written, Says Industry Trades

Insurance Jobs

  • Underwriting Manager - Philadelphia, PA
  • Associate Claim Representative, Workers Compensation - Hartford, CT
  • Bond & Specialty Insurance Legal Intern - Hartford, CT
  • Auto Field Adjuster Associate Manager - Missouri, MO
  • Excess & Surplus Lines Underwriter – REMOTE - Remote
MyNewMarkets
  • Adjusters Launch 'CarFax for Insurance Claims' to Vet Carriers' Damage Estimates
  • Every Superman Has His Kryptonite: How to Protect Key Executives with Specialized Coverage
  • Emerging Risks to Watch: Space Weather, Quantum Sensors, and Digital Addiction
  • Driving Passion, Protecting Value - What Every Agent Should Know About Collector Vehicle Insurance
  • Top Business Risks
Claims Journal
  • US Says Canada Will Regret Decision to Allow Chinese EVs into Their Market
  • Thumbs Down on SELF DRIVE Act as Written, Says Industry Trades
  • Tesla Gets 5-Week Extension in US Probe of Full Self-Driving Traffic Violations
  • Publishers Seek to Join Lawsuit Against Google Over AI Training
  • A Lean Lens on Legal Bill Review: Keeping the Insured at The Center
Academy of Insurance education
  • January 15 Space Needs Spring Cleaning: The Growing Problem of Satellite Pollution
  • January 29 Period of Restoration: One Concept You Need to Get Right
  • February 5 Ethics Frontier: Navigating AI and Claims in the Age of Complexity
  • February 12 Who's Driving This? Where Are We Going with Autonomous Vehicles?

Insurance News

  • News by Region
  • News by Topic
  • Yesterday

Site Search

Features

  • Insurance Markets Directory
  • Forums
  • A.M. Best Company Ratings
  • Industry Events
  • Agencies For Sale
  • Newswire
  • Insurance Jobs
  • Rankings & Awards

Connect with us

  • Email Newsletters
  • Magazine Subscriptions
  • For Your Website
  • RSS Feeds
  • Twitter
  • Facebook
  • LinkedIn
  • Do Not Sell My Info

Insurance Journal

  • Submit News
  • Advertise
  • Subscribe
  • Reprints
  • Link to Us
  • Contact Us

Wells Media Group Network

  • Insurance Journal
  • MyNewMarkets.com
  • Claims Journal
  • Insurance Journal TV
  • Academy of Insurance
  • Carrier Management
© 2026 by Wells Media Group, Inc. Privacy Policy | Terms & Conditions | Site Map