Legal experts and economists are alarmed on EU continuity rules

Under the pressure of corporate lobbyists, the EC changes the rules that meet how the companies follow the activities and activities. Last month, Both French President Emmanuel Macron and German Chancellor Friedrich Merz, CSDDD, CSDD, CSDD, Macron, Macron, CSDDD’s CSDDD’s CSDDD to remove climate transition plans, eliminate compulsory climate transition plans, and to remove binding climate transition plans and Must support the Omnibus Simplification Package for the Omnibus Simplification Package, which will be significantly weakened by the executive mechanisms, including civil liability provisions.

However, with the countries such as legal and economic scientists, environmental organizations and enterprises Swedish and Vainmerged to defend the rules.

“Members of the European Parliament are somehow to reduce this article regulatory burden,” The enterprise of the enterprise of the Oxford University of Thom Watzer, Oxford University and Oxford Sustainable Law Program. “What will come in its place, the differential and differential application of national requirements. You will replace a good unit obligation with a patchwork of various and uncertain obligations.”

Wantzer and more than 30 other legal scientists in May Sent a letter to EC It will be remotely from reducing costs, whipping into the rules, create a number of new financial and legal risks for companies, but also complicate their sustainability and climate goals. Scientists warn that “corporate climate transitions will be more irregular and expensive without the guidance rules.”

In addition, Wantzer notes, many European companies took steps to follow the rules in advance. Indeed, the beginning of the year, 11 large brands, including IKEA (F500E # 85, as Racket(The Maersk (F500 # 70) and Unilever (F500E # 49) CSDDD, signed and open letter support: “Investment and competitiveness are established on policies and legal forecasts. It will promote an” Omnibus “that can reconsider the existing legislation of the European Commission.”

“Enterprises have already begun to put a report framework that could be aligned with the regulatory package,” he said. Fortune. “If you change this regulation and go beyond this regulation and go beyond the simplification, you use the risk of all these investments falling from the drain.”

Lawyers are not the only specialist who sang excitement in the EC’s plans. In addition, more than 90 prominent economists criticized the proposals of Omnibus, and severely denied allegations that the rules of sustainability have damaged the competitiveness of Europe. Instead, after Europe’s economic problems, including the occupation of Russia to Ukraine, reduce the global demand, after the wage stagnation and chronic operation in the folk infrastructure.

Economists emphasizes the statements that the cost of implementation for the rules of sustainability is minimal, a total of 0.009% of the cost of energy compliance with the London economy school. It is very superior to such a modest costs and claims that there are about 750 billion euros in sustainable initiatives, the sustainability is related to the weakening of the reporting requirements and sustainable projects.

“Economic Options are a political choice,” Johannes Juger, BFI Vienna professor at the University of Applied Sciences. “The European Commission with the proposal of Omnibus is to reward short visual corporate lobbies in the expense of people, planets and long-term economic sites.”

At this point, many critics of the Omnibus package framed it as an opportunist, but also in the regulation of European and American regulations, and the American sweeping program. US companies are on the forefront of lobbying efforts to violate CSDD, CSDD, which claims to help investment giant darkness Operation of use Directive for large financial firms.

Such actions have motivated other European financial leaders to rally in CSDDD. In February, more than 200 financial institutions worth $ 7.6 trillion in assets under control, Called EC to maintain strong sustainability standards. Executive Director of the European Sustainable Investment Forum, Alexandra Palinska, omnibus’s to restrict the investment in the investment and reliable continuity, and warned the ability to invest in the economic decarbonization.

Instead of watching Trump and completion with adjustment, European financial experts called on the Solutions to protect the EU’s prestige. Francois Gemenne, the author of the intergovernmental panel in the sixth assessment report in January in Hece in Paris, “The best reaction to the policy implemented in the United States, we need to draw our own way to weaken it.”

Wantzer agreed by saying that Omnibus proposals stop the European Union as a rational actor. “The European Union has slipped in the face of change of political winds, because it proves to be a reliable regulator,” he said. In turbulent periods, it requires a strong stabilizing effect. “We need to schedule our course because we assess the basics.”

However, outside the legal and economic impacts, this is the effects of environmental and human rights of the proposed changes of the Covers of the EC. In March, more than 360 global NGOs and civil society teams reported joint statement, EC President Ursula Von Der Leyen’s “protection of environment for human rights, rights and environmental protection”.

In the comments that accompany the letter, European Coalition for European Justice, “Messages from Brussels, the world’s interests were not for the lack of corporate accountability, not for hundreds of civil society organizations and civil society organizations.”

According to the European Parliament, the proposal of the Omnibus, to lead the original ambitions to lead Europe by passing the sustainability of EU agencies or get acquainted with the corporate lobbying capacity. The result will likely have a large number of effects for corporate accountability, human rights and climate change.