The EU is preparing for an overhaul of the EU’s energy market: Flemish and EU incentives can help companies thrive in this new energy landscape
Europe is currently facing a double energy crisis. On the one hand, the geopolitical tensions with Russia have substantially reduced the supply of natural gas, putting into jeopardy the block’s ability to meet its energy demand. On the other hand, climate change and the need for a more sustainable energy future has become a pressing
PwC as your guide in the changing Flemish incentive landscape
From the 1st of October 2022, establishing a climate plan and submitting a summary thereof became a new mandatory admissibility requirement for large companies and / or energy-intensive companies applying to most VLAIO subsidy programmes. The climate plan itself is an explanatory document containing the key actions a company will take in the coming years
How VLAIO translates the Flemish Energy and Climate plan into their funding application requirements
The long term strategy of the EU is to become climate neutral by 2050 by transitioning its economy to become net zero in greenhouse gas (GHG) emissions. As such, the Commission proposed the 2030 Climate Target Plan to raise the EU’s ambition on reducing GHG emissions to at least 55% below 1990 levels by 2030.
Sustainability disclosures to be applicable to small-size AIFMs
On 26 July 2021, the European Commission published its answers to a number of questions raised by the European Supervisory Authorities (ESMA – EBA – EIOPA, together the “ESAs”) regarding the application of the Sustainable Finance Disclosure Regulation (“SFDR”). One of the questions concerned the application of the SFDR to registered alternative investment fund managers