European Green Deal: Adoption of the “FIT for 55”
Today, the European Commission adopted a package of proposals to make the EU’s climate, energy, land use, transport and taxation policies fit for reducing net greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels. Achieving these emission reductions in the next decade is crucial to Europe becoming the world’s first climate-neutral continent by 2050 and making the European Green Deal a reality. With today’s proposals, the Commission is presenting the legislative tools to deliver on the targets agreed in the European Climate Law and fundamentally transform our economy and society for a fair, green and prosperous future. The adopted proposals are connected and complementary, thus, they include, among others, an application of emissions trading to new sectors and a tightening of the existing EU Emissions Trading System by decreasing the overall emission cap even further which will increase its annual rate of reduction. The Commission has also proposed to phase out free emission allowances for aviation and align with the global Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) and to include shipping emissions for the first time in the EU ETS. In regards to the energy supply, the adopted package promotes an increased use of RES which derives from the Renewable Energy Directive and sets an increased target of 40% energy production from renewable energy sources. To implement this goal, all Member States shall set specific targets and sustainability criteria in transport, heating and cooling, buildings and industry. Moreover, the Energy Efficiency Directive promotes ambitious binding annual targets aiming at reducing the energy use at EU level. This shall be achieved by the targets established by national contributions, which will proactively provide the annual energy saving outcome. Furthermore, a combination of measures in transport sector will be enhanced by the infrastructure and fuels goals in order to support them. To ensure that the aforementioned goal will be achieved, the package expands the charging capacity in line with zero-emission car sales. An alignment of taxation policies with the European Green Deal objectives means promotion of clean technologies and removing outdated exemptions and reduced rates that currently encourage the use of fossil fuels. One more adopted target is introduced by putting a carbon price on imports of a targeted selection of products to ensure that there are ambitious climate action measures to prevent carbon leakage. Lastly, the Commission proposed tools to preserve and grow our natural carbon sinks.
For more information please check HERE.
M&A Law Firm in the 25th Roundtable by the Economist with the Government
Prof. Dr. Antonis Metaxas was invited speaker in the prominent 25th Roundtable of The Economist. Watch the exclusive video recording of Prof. Dr. Antonis Metaxas intervention in the panel "Decarbonizing Europe: Accelerating the energy transition" by clicking the HERE.
Prof. Dr. Antonis Mertaxas' article in the annual edition "Greek Energy 2021”
Prof. Dr. Antonis Metaxas' was invited to draft an article οn energy regulation challenges after the Covid-19 pandemic to be included in the annual edition "Greek Energy 2021” by energypress.gr.
Click HERE to read the full article.
Metaxas & Associates Law Firm participates in the distinguished 25th Government Roundtable of the Economist (8th-9th July 2021)
Metaxas & Associates Law Firm is glad to announce its participation in the forthcoming distinguished 25th Roundtable with the Government of Greece – “From social distancing to social solidarity” – that will take place on July 8th and 9th 2021 at the Grand Resort Lagonissi, Athens.
Professor Dr. Antonis Metaxas, Managing Partner of Metaxas & Associates Law Firm and Chairman of the Hellenic Energy Regulation Institute, is invited to participate as speaker in the panel discussion “Decarbonising Europe: Accelerating the Energy Transition”, together with John Sarbanes, member of the U.S. House of Representatives and member of the House Committee on Energy and Commerce, Konstantinos Xifaras (CEO, DEPA), Andrea Testi (Chairman, Elpedison), Manos Manousakis (Chairman & Chief Executive Officer, Independent Power Transmission Operator - ADMIE), Tassos Manos (CEO, HEDNO), Yiannis Yiarentis (Chairman of the board and CEO, DAPEEP) and Aristotelis Chantavas (Head of Europe, Enel Green Power).
Click HERE to see the updated Agenda.
M&A Law Firm's participation in this prominent annual Economist Conference matches its leading presence in the core fields of its specialization.
We look forward to this exceptional event!
Greece: Between business and Covid-19 reality
Metaxas & Associates Law Firm's Associates Mariadina Lili (LL.M) and Konstantina Meletiadou (LL.M) analyse current state aid law developments in Greece in the latest issue of the esteemed European State Aid Law Quarterly (EStAL). The analysis addresses the impact on the Greek economy, evaluates the possibility of appointing and developing business in the post Covid-19 period as well as elaborates on the EU State Aid Law limits of national support mechanisms.
For more information click the HERE
Metaxas & Associates Law Firm in the press
Energypress feautures Metaxas & Associates Law Firm's participation in the 25th Government Roundtable of Economist concentrating on the challenges and stakes of the European and domestic energymarket. Prominent speakers from Greece and the world will participate in this upcoming event themed “From social distancing to social solidarity”, focusing on the impact of the Covid19 pandemic on the economy and society and making predictions for the post-covid era.
To see this press release click below:
Metaxas & Associates Law Firm participates in the leading Government Roundtable of the Economist (8th-9th July 2021)
Professor Dr. Antonis Metaxas, Managing Partner of Metaxas & Associates Law Firm and Chairman of the Hellenic Energy Regulation Institute, is invited as a speaker in the forthcoming 25th Economist Roundtable with the Government of Greece.
He will participate in the panel discussion “Accelerating the Energy Transition”, together with John Sarbanes, member of the U.S. House of Representatives and member of the House Committee on Energy and Commerce, Georgios Stassis (President & CEO, PPC), Andrea Testi (Chairman, Elpedison), Manos Manousakis (Chairman & Chief Executive Officer, Independent Power Transmission Operator ADMIE), Tassos Manos (CEO, HEDNO), Yiannis Yiarentis (Chairman of the board and CEO, DAPEEP) and Aristotelis Chantavas (Head of Europe, Enel Green Power).
Metaxas & Associates Law Firm’s participation in this prominent Economist Conference matches its leading role in the core fields of its specialization, in particular energy, infrastructure, privatizations and legal and regulatory aspects in all network bound sectors of the economy.
Further information is available via the link HERE.
Metaxas & Associates Law Firm looks forward to this exceptional event!
Metaxas & Associates Law Firm sponsors the forthcoming distinguished 25th Government Roundtable of the Economist (8th-9th July 2021)
Metaxas & Associates Law Firm is glad to announce its role as sponsor of the forthcoming distinguished 25th Roundtable with the Government of Greece - "From social distancing to social solidarity" - that will take place on July 8th and 9th 2021 at the Grand Resort Lagonissi, Athens.
Τop political personalities, distinguished academics, corporate decision-makers and leading thinkers will once again brainstorm, openly discuss and put forward new proposals on all the issues that will be at the forefront of this year’s Annual 25th Government Roundtable, focusing mainly on the impact of the coronavirus epidemic on the global economy and business.
M&A Law Firm’s participation in this prominent Economist Conference matches its leading role in the core fields of its specialization in particular energy, infrastructure, privatizations and legal and regulatory aspects in all network bound sectors of the economy.
Further information is available on the official event's website via the link HERE.
Metaxas & Associates Law Firm looks forward to this exceptional event.
M&A's Legal Update: Numerous court decisions in favor of RES producers on their legal dispute over interest payments of electricity sales invoices - Latest developments
Our Law Firm’s concise overview of the numerous court decisions in favor of RES producers on their legal dispute over interest payments of electricity sales invoices due to the delays in payment by the Operator of RES & Guarantees of Origin (DAPEEP S.A.) and the Hellenic Electricity Distribution Network Operator (DEDDIE).
For further information read the article published today on Energypress.gr and is available HERE.
.
“M&A Law Firm” has been granted the Mandate to act as legal advisor to the Hellenic Hydrocarbon Resources Management (HHRM)
Metaxas & Associates Law Firm has been granted the Mandate to act as legal advisor to the Hellenic Hydrocarbon Resources Management (HHRM) on the reassessment and modification of offshore safety provisions in hydrocarbon activities aiming, inter alia, to ensure the safe storage of natural gas. Our Law Firm is also advising on necessary adaptations of the existing legal framework for the safe storage of CO2.