Tuesday

6th Jun 2023

Ticker

EU leaders failed to agree on gas price cap

EU leaders agreed in the early hours of Friday (21 October) to keep exploring options to reduce energy prices. In their summit conclusions, leaders called on energy ministers and the EU commission to "submit concrete decisions" on a "temporary dynamic price corridor on natural gas transactions" that would limit price spikes, and a price cap on gas used to generate electricity, including an impact assessment on the so-called Iberian model.

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Analysis

Final steps for EU's due diligence on supply chains law

Final negotiations on the EU due diligence law begin this week. But will this law make companies embed due diligence requirements in their internal processes or incentive them to outsource their obligations to third parties?

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