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

Featured Stories

  • Erie Insurance Working to Restore Systems After Outage
  • US P/C Records $1.1B Underwriting Loss for Q1
  • 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 2025 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.

Chased by Golf Cart at Work: Horseplay or Assault? For Workers’ Comp, It Matters.
Group of business people having a meeting or brainstorming in a boardroom.Viewpoint: May the Combined Ratio R.I.P. (for Measuring Profit)
Insurtech Slide Targets $2B-Plus Valuation in IPO
Millions of Eggs Recalled After Dozens Sickened With Salmonella

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
Taiwan Life Insurers’ $700 Billion Bet on the US Is Backfiring
OSHA-LogoManufacturer Fined $500K for Violating OSHA Rule Leading to Ohio Worker’s Death
Long-Term Thinking and Scale Keys to Travelers Success: CEO Schnitzer
The Trump Administration Keeps Denying Disaster Preparedness Aid to States
More News Features

Read This Next

  • EU Says Drive to Simplify Will Not Weaken Climate Agenda
  • Chased by Golf Cart at Work: Horseplay or Assault? For Workers' Comp, It Matters.
  • Trucordia Gains $1.3B Investment From Carlyle to Propel Growth
  • Size of Florida's Slide Insurance Exec Compensation Has Tongues Wagging
  • Homeowners Suing USAA and AAA Insurers Over LA Wildfires

Insurance Jobs

  • Accounting Manager - Fort Lee, NJ
  • AVP, Delivery Lead – Corporate Functions - New York, NY
  • Sr. Legal Assistant - Alpharetta, GA
  • Senior Technical Support Engineer, Executive Support - Chicago, IL
  • Global Benefits Project Manager - Chicago, IL
MyNewMarkets
  • Risk Management Considerations When Having Family Fun
  • Lights, Camera, Action: New Risks Emerge as Hollywood Goes Virtual, Hunts Tax Credits
  • 7 Marketing Strategies to Establish Your Workers' Compensation Expertise
  • 5 Ways to Prepare for Healthcare Liability Changes in 2025
  • What's Next For Workers' Comp?
Claims Journal
  • Auto Insurance Satisfaction Rankings: High LTV Customers Most at Risk
  • Florida Appeals Court Says Plaintiff Can't Harp on Adjusting Delays in Claims Dispute
  • AerCap Can Recover Over $1B, Court Rules in Case Over Jets 'Lost' in Russia
  • Auto-Parts Supplier Marelli Files Bankruptcy, Blames Tariffs
  • Musk Pins Tesla's Comeback on Robotaxis After Retreat From Feud
Academy of Insurance education
  • May 22 Commercial Property: Five Bombs and How to Defuse Them
  • June 5 E&O and Hard Markets: How Trying to Keep a Client Might Cause Trouble
  • June 12 Rating AI Tools: Balancing Functionality and Security
  • June 19 Can You Hear Me? Yes, I Am Listening!

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
© 2025 by Wells Media Group, Inc. Privacy Policy | Terms & Conditions | Site Map