www.transportenvironment.org Cutting EU regulation is a gift to China’s car makers
Europe’s carmakers have a unique competitive advantage over their Chinese counterparts - yet the Omnibus proposals risk throwing it away
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Europe’s carmakers have a unique competitive advantage over their Chinese counterparts - yet the Omnibus proposals risk throwing it away --
cross-posted from: https://lemmy.sdf.org/post/35814201
Years were spent on agreeing rules to hold companies accountable for their environmental and social impacts, including the EU Corporate Sustainability Due Diligence Directive (CSDDD), the Corporate Sustainability Reporting Directive (CSRD), and more. The European Commission's ‘simplification’ agenda was supposed to streamline rules and reduce the administrative burden on companies. Instead the numerous Omnibus proposals have gone beyond this, weakening sustainability rules instead.
The rules are good for all the reasons associated with protecting human rights and combating climate change. But they also give European companies a distinct advantage over rivals. Car makers have been at the forefront of this and are set to be the big winners. Many have invested in comply