Close Menu
    Latest Category
    • Finance
    • Tech
    • EU Law
    • Energy
    • fx
    • About
    • Contact
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Login
    • EU News
    • Focus
    • Guides
    • Press
    • Jobs
    • Events
    • Directory
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Home

    REPowerEU – retail and wholesale needs help but can play a major role

    npsBy nps18 May 2022Updated:15 July 2024 No Comments3 Mins Read
    — Filed under: Focus
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The European Commission today launched its detailed REPowerEU Plan, following up the outline ideas it presented in March.

    EuroCommerce Director General Christel Delberghe welcomed the Commission ideas, but stressed the need for support for the retail and wholesale ecosystem to address current challenges and in driving the move away from imported fossil fuels. The proposals for earmarking funding under the Recovery and Resilience Facility and the EU budget are of particular importance in this:

    “The Russian invasion of Ukraine has made what were already high, and rising, energy prices now a major challenge to the EU economy and the well-being of its citizens.  Our sector is a significant user of energy –in operating its logistics, heating, lighting and refrigeration without interruption.  But operating at very low margins, it needs help in investing in the technologies that can bring about change. Obligations to invest without matching support will lead to costs our sector cannot absorb and thus would have to pass on to consumers, creating new inflationary pressures on the customers we serve every day.”

    We very much support the proposal to amend the Recovery and Resilience Facility (RRF) guidelines to provide funding for investment in alternative energy sources and energy efficiency and ask that our sector is able to access support. Retail and Wholesale is a very significant user of energy for its own operations and needs to do so 24/7.  It already works hard to reduce its carbon footprint and save energy while operating at very low net margins of typically 1-3%.  We regret that very few member states have taken up the possibilities under the latest temporary state aid framework, nor have allocated significant funds under their national RRF plans.

    Combined with the proposed new rules on planning and permitting, proposals for financing investment in alternative energy, and the Solar Rooftops Initiative could offer opportunities for our sector to contribute to reducing fossil fuel consumption significantly. But any obligation to invest must be accompanied by help in finding private and public funding to install such infrastructure and in accessing other alternative energy sources.

    As a sector also heavily dependent on logistics, we look forward to working with the Commission and co-legislators on the Greening of Freight proposals and roll-out of e-vehicles and hydrogen as an alternative to diesel.  The load capacity and weight limitations of the design of electric goods vehicles hitherto make alternatives such as green hydrogen, and the infrastructure to support it, particularly important for our sector and can be an additional building block for greening freight transport.

    Our sector is active in helping consumers save energy though offering modern energy-efficient appliances and products.  We therefore welcome that, as part of the EU Save Energy communication, the Commission wants to finalise the work on the consumer interface of the European Product Registration for Energy Labelling (EPREL) database, in which our sector has been engaged since its launch in 2019.

    EuroCommerce is the principal European organisation representing the retail and wholesale sector. It embraces national associations in 27 countries and 5 million companies, including leading global players and many small businesses. Over a billion times a day, retailers and wholesalers distribute goods and provide an essential service to millions of business and individual customers. The sector generates 1 in 7 jobs, offering a varied career to 26 million Europeans, many of them young people. It also supports millions of further jobs throughout the supply chain, from small local suppliers to international businesses. EuroCommerce is the recognised European social partner for the retail and wholesale sector.

    EuroCommerce

    Add A Comment

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    nps
    • Website

    Related Content

    EU approves EUR 300m for common defence procurement projects

    EU proposes e-declaration for the posting of workers

    EU calls on Apple to end geo-blocking on media services

    EUR/USD touches one year low as Trump takes control of Congress – Euro currency news daily

    EU artificial intelligence factories set for 2025

    Council agrees reform of EU VAT rules for the digital age

    LATEST EU NEWS

    EU approves EUR 300m for common defence procurement projects

    14 November 2024

    EU proposes e-declaration for the posting of workers

    14 November 2024

    EU calls on Apple to end geo-blocking on media services

    14 November 2024

    EUR/USD touches one year low as Trump takes control of Congress – Euro currency news daily

    14 November 2024

    EU artificial intelligence factories set for 2025

    13 November 2024
    BRIEFING

    Agenda

    This week, COP29 begins in Azerbaijan; finance ministers discuss the EU's annual budget for 2025; and MEPs hold a plenary session on EU-US relations, EU summits, deforestation and COP 29...

    EUbusiness Week

    This week competitiveness and environment ministers will hold informal meetings…

    Eurozone Economic Calendar

    Key economic calendar events for the week 11 to 16 November 2024

    The Week's Top Stories

    This week competitiveness and environment ministers will hold informal meetings…

    Advertisement

    Subscribe to EUbusiness Week

    Get the latest EU news

    Latest Posts

    EU approves EUR 300m for common defence procurement projects

    14 November 2024

    EU proposes e-declaration for the posting of workers

    14 November 2024

    EU calls on Apple to end geo-blocking on media services

    14 November 2024

    EUR/USD touches one year low as Trump takes control of Congress – Euro currency news daily

    14 November 2024

    CONTACT INFO

    • EUbusiness Ltd 117 High Street, Chesham Buckinghamshire, HP5 1DE United Kingdom
    • +44(0)20 8058 8232
    • service@eubusiness.com

    INFORMATION

    • About Us
    • Advertising
    • Contact Info

    Services

    • Privacy Policy
    • Tems
    • EU News

    SOCIAL MEDIA

    Facebook
    eubusiness.com © EUbusiness Ltd 2025
    Design and developed by : Dotsquares

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Lost password?

    Register Now!

    Already registered? Login.

    A password will be e-mailed to you.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok