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Institut Veblen pour les réformes économiques

Institut Veblen

L’Institut Veblen pour les réformes économiques est un think tank spécialisé sur les questions économiques et les transformations nécessaires pour conduire la transition écologique.

Lobbying Activity

Meeting with Sirpa Pietikäinen (Member of the European Parliament)

30 Apr 2025 · EU Omnibus

Response to Taxonomy Delegated Acts – amendments to make reporting simpler and more cost-effective for companies

26 Mar 2025

In the attached document, we outline specific observations and recommendations regarding the proposed changes in the Taxonomy Disclosure Delegated Act and the Appendix C on pollution DNSH criteria. We thank the Commission for this consultation and highlight, in this paper, our opinion regarding the economic consequences of the proposed changes to the Taxonomy. The consequences in terms of business models for European companies, according to our analysis, arre associated with very significant risks. The Veblen Institute is deeply concerned about several amendments proposed by the Delegated Act, which seem to us unjustified and undermining both the EUs sustainable finance agenda and the companies that depend on it. Businesses need clear, stable, and reliable indicators to transform their models and attract sustainable investment. Abrupt and unsubstantiated changes to the Taxonomy framework introduce uncertainty, making it harder for companies to adapt and for investors to allocate capital effectively. Weakening the reporting framework at this stage could slownot acceleratethe transition and undermine competitiveness.
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Meeting with Luis Carazo Jimenez (Head of Unit Agriculture and Rural Development) and Slow Food and

22 Jan 2025 · Exchange of views on the report “Trading away the future? How the EU’s agri-trade policy is at odds with sustainability goals"

Response to Establishing the digital euro

7 Sept 2023

Legal tender status of the digital euro: - As shown by the evolution of physical cash, a de jure legal tender digital euro will not necessarily translate into a de facto legal tender digital euro - that is, in its general acceptance. Clear common standards for control and sanction procedures should be included, and exceptions should be kept to a minimum. Distribution channels: - We regret that commercial banks are foreseen as main providers of digital euro services. Other types of providers should be more largely considered. - We welcome the fact that public entities are also considered as potential digital euro services providers. However, accessing the digital euro via public entities should be a real and attractive option for all users. We oppose the implicit idea that the provision of digital euro services by public entities is only a solution of last resort reserved for people who would not have access to the digital euro via private providers. - A direct option provided by the Eurosystem (ECB itself or the national central banks) should be further explored as a complement to other distribution models. Risk-free money: - As a direct liability of the Eurosystem, the digital euro could be a useful safe haven, especially in times of financial turmoil. - The do no harm approach in regard to commercial banks and their deposits should not come at the expense of the accessibility of the digital euro. - Rather than a source of financial instability, the digital euro should be seen as an opportunity to reduce the systemic risk of the financial system. - Digital euro accounts should not be weighed down with holding limits. Free payment services: - Although payment service providers (PSPs) would be mandated to provide basic digital euro services free of charge, most of them (especially commercial banks) would be in a position to cross-sell digital euro services and their own services, thus adding indirect costs for users. This would result in rent incomes, to the detriment of users. - Provisions options devoid of any profit motive (through not-for-profit entities) should be given greater importance in order to ensure effective free access to the digital euro. Universal access to digital payments: - Given the non-compliance of commercial banks with the payment accounts directive (PAD), relying on mandatory provision for digital euro accounts cannot be considered as guaranteeing accessibility for all. - Universal access to digital euro accounts would be better guaranteed by not-for-profit providers able to cater for the needs of vulnerable groups. -To ensure universal access, the offline digital euro should be accessible to non-registered users through universal access devices. Financial inclusion: - Inclusive usage features for the digital euro (such as audio features for blind people for example) should be included in the legislation, after being developed with concerned persons. All PSPs should be mandated to include these features in their front-end solutions. The front-end solution developed by the ECB should be the benchmark of such inclusive features. Privacy: - In response to the widespread collection of personal data by private corporations, a fully public option for digital euro payments should be made available, for involved data to be processed by entities without interests in monetising them. - The offline digital euro should offer the same level of anonymity as cash does today: it should be possible to store it on non-registered (non-nominative) devices. Resilience of payment systems: - The digital euro should not be limited to a payment scheme but also offer an end-to-end solution for payments. In this way, it would bring redundancy to existing networks and increase the resilience of the payment system as a whole. - The offline digital euro should be exchangeable in a fully peer-to-peer manner, so as to remain available in the event of internet or power outage. Low-energy smartcards should be provided.
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Meeting with Saskia Bricmont (Member of the European Parliament)

1 Sept 2022 · trade policy overview (meeting with APA)

Response to Application of EU health and environmental standards to imported agricultural and agri-food products

16 Mar 2022

Bonjour, Je vous prie de bien vouloir trouver ci-jointe la contribution de l'Institut Veblen à cette consultation sur l'application des normes sanitaires et environnementales de l’Union aux produits agricoles et agroalimentaires importés. Cette contribution s'appuie sur un rapport que nous avons publié en 2021 sur les mesures miroirs, conjointement avec la FNH et Interbev : - Mondialisation. Comment protéger nos agriculteurs et l’environnement ? Un règlement pour stopper l’importation d’aliments issus de pratiques interdites en Europe, Mars 2021, Institut Veblen, FNH et Interbev https://www.veblen-institute.org/IMG/pdf/tt-rapport-mondialisation-mars-2021.pdf - English version: Globalization. How can we stop the import of food produced using banned practices in Europe? A regulation to stop the import of food from practices banned in Europe: mirror measures in agriculture, April 2021, Veblen Institute, FNH & Interbev https://www.veblen-institute.org/IMG/pdf/report_globalisationv4.pdf Ainsi que sur des propositions que nous avons développées au sujet du projet de règlement sur la déforestation importée : https://www.veblen-institute.org/IMG/pdf/imported_deforestation_veblen_institute_070222.pdf Bien cordialement,
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Meeting with Marie-Pierre Vedrenne (Member of the European Parliament, Shadow rapporteur) and ClientEarth AISBL

9 Mar 2022 · Avenir de la politique d'investissement de l'Union européenne, Traité sur la Charte de l'Energie et système de règlement des différends