Briefing: - Next steps in setting up EU progress monitoring for climate neutrality

A look inside the Commission’s assessment 2.1 Locating the EC’s check of progress towards climate neutrality The series of reports published with the State of the Energy Union cover a range of EC reporting obligations with different timelines as outlined in Article 35 of the Governance Regulation. [...] It gives an overview of the size of the climate investment gap, shows changes in the proportion of green bonds issued on the financial markets, and describes the evolution of various EU public funds and the share of EU budget estimated to be dedicated to the transition financing. [...] The progress check includes only limited insights on enabling conditions, many of which are scattered across the different themes in the CAPR, and the other documents of the State of the Energy Union. [...] www.climateobservatory.eu Fuel Quality Directive: Directive 98/70/EC of the European Parliament and of the Council of 13 October 1998 relating to the quality of petrol and diesel fuels Governance Regulation (GovReg): Regulation (EU) 2018/1999 of the European Parliament and of the Council of 11 December 2018 on the Governance of the Energy Union and Climate Action Internal Electricity Market Direct. [...] Report from the Commission to the European Parliament, the Council, the European Economic and Social Committee and the Committee of the Regions State of the Energy Union Report 2023 (pursuant to Regulation (EU) 2018/1999 on the Governance of the Energy Union and Climate Action).