News

Minister Moreno and Commissioner Dalli hope for swift action on diversity and inclusion

The pandemic has shone a light on the importance of progressing on equality and inclusion. This was the fundamental point made during an online event centred around the plans and expectations for the upcoming French Council Presidency. The session was hosted jointly by AmCham EU and AmCham France on 28 September 2021.

After COVID-19: what is the future of the global trade network?

On Tuesday, 21 September, AmCham EU hosted a plenary meeting on trade and external affairs. Ahead of the 12th WTO Ministerial Conference and in the context of renewed EU-US cooperation through the Trade and Technology Council, the plenary meeting discussed the role of the EU-US relationship in the future of the WTO and the global trading system.

Reducing carbon footprint with IoT technology

The European Union wants to get at least 32% of its energy from renewable sources by 2030 and is aiming to be climate-neutral by 2050. To keep stability in the energy system, there has to be a balance between production and consumption of energy. Cisco has developed technology solutions to help utility providers collect, visualise and efficiently analyse critical data on the network and the flux of energy entering and leaving that grid. This allows for prediction on how much energy is available or consumed at a given time to keep stability in the energy system.

Learn more at The Green Way and join the conversation on Twitter with #EUGreenWay.

The birth of the hydrogen-powered society

Hydrogen can be used to produce low carbon fuels for domestic heating and industrial processes or combined with air in a fuel cell to produce electricity. With a rising focus in the European Union on the effective integration of renewable energy, the importance of electric vehicles and reliable, resilient energy supply, energy storage is becoming an increasingly important factor in the electricity ecosystem. Chemours, a global leader in Proton Exchange Membranes, is developing new Nafion™ solutions to meet this demand for cleaner energy to produce electricity, and to power mobility.

Learn more at The Green Way and join the conversation on Twitter with #EUGreenWay.

US lifts restrictions on transatlantic travel

The American Chamber of Commerce to the EU (AmCham EU) welcomes the decision by the US Administration to lift travel restrictions for vaccinated travellers from the EU and other countries as of November. This announcement is an important step for many citizens, but also for global companies that rely on travel for their operations. Transatlantic cooperation on the re-opening of our economies, including lifting restrictions in a safe and coordinated manner, is critical to a strong recovery on both sides of the Atlantic. This positive decision can also help strengthen EU-US relations overall.

Responding to the proposed changes to the supervisory regime for third-country branches

Wholesale branch-based banking – both within the EU and globally – contributes to the financing of EU and non-EU-companies, thereby enhancing competition, global connectivity, market diversity and access to deep pools of capital and liquidity. In reaction to the recent European Banking Authority’s report on the treatment of incoming third-country branches (TCBs), AmCham EU calls for proportionality when harmonising the EU’s supervisory regime for third-country branches in a joint letter with the Bank Policy Institute, the Japanese Bankers Association and the Swiss Finance Council.

Tackling the methane challenge with gas cloud imaging

The ambitious European Green Deal calls for zero net emission of greenhouses gases by 2050.  To achieve this goal, the reduction of methane is a clear and effective way, as methane traps 86 times as much heat as carbon dioxide over a 20-year period and accounts for a quarter of total atmospheric warming to date. However, traditional methane leak detection and repair (LDAR) has drawbacks. As a response, Honeywell has recently introduced a new class of technology solution called gas cloud imaging (GCI) , which can address the shortcomings in the current LDAR method. This technology uses visual and hyperspectral sensors supported by intelligent analytics to provide automated and continuous methane monitoring, detecting leaks as soon as they happen. 

Time to make tech fit for Europe

As part of its ambitious sustainability goals, Microsoft is working with partners across Europe to help shape a greener tomorrow. Through a collaboration with Microsoft, Danfoss, a Danish engineering company, has created a cloud based IoT solution providing food retailers with new ways to manage operations by using a combination of sensors and data algorithms. These new solutions in turn help to realise up to 40% net savings in energy consumption and enable retailers to reduce food loss, energy consumption and optimize overall store performance.

Learn more at The Green Way and join the conversation on Twitter with #EUGreenWay.

Partnering to deliver cleaner energy for Europe

Solar energy is the energy of the future. As Europe seeks to decarbonise its economy, solar energy will become an ever-more important component of the energy supply. That is why The Goodyear Tire & Rubber Company is working together with energy supplier Enovos to build two large solar power stations at its testing facilities in Colmar-Berg, Luxembourg, as part of its commitment to reduce carbon emissions.

Learn more at The Green Way and join the conversation on Twitter with #EUGreenWay.