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2022/02/04 / Ceska Sporitelna Research

EU News Monthly February 2022

The European Commission proposed including nuclear and gas power in the bloc’s sustainable finance taxonomy, recognising their contribution to the EU’s 2050 climate neutrality goal “subject to clear limits and phase out periods”.

In the fourth quarter 2021, seasonally adjusted GDP increased by 0.4% in the EU, compared with the previous quarter. In the third quarter of 2021, GDP had grown by 2.2%.

Overall in 2021, sales of new cars in the EU fell by 2.4% to 9.7 million units, despite the record low base of comparison of 2020. This fall was the result of the semiconductor shortage that negatively impacted car production throughout the year, but especially during the second half of 2021.

At EU level, the share of gross final energy consumption from renewable sources reached 22% in 2020. This is 2 percentage points (pp) above the target level for 2020, as included in Directive 2009/28/EC on the promotion of the use of energy from renewable sources.

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General information

AuthorCeska Sporitelna Research
Date2022/02/04
Languageen
Product nameEU News Monthly
Topic in focusFX, Macro/ Fixed income
Economy in focusCzech Republic
Currency in focusCzech Koruna
Sector in focus-
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