Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Technology > EU targets global lead in standards for green, digital transition
    Technology

    EU targets global lead in standards for green, digital transition

    EU targets global lead in standards for green, digital transition

    Published by Jessica Weisman-Pitts

    Posted on February 2, 2022

    Featured image for article about Technology

    BRUSSELS (Reuters) – The European Commission proposed revisions to its system of standards on Wednesday to cover green and digital products and technology and ensure it is setting future global standards rather than taking them from the likes of China.

    The European Union already has standards for products from household appliances to toys, but now wants a system for its green and digital transition that goes beyond product safety or inter-operability to include environmental and labour criteria and its democratic values.

    “Technical standards are of strategic importance. Europe’s technological sovereignty, ability to reduce dependencies and protection of EU values will rely on our ability to be a global standard-setter,” Internal Markets Commissioner Thierry Breton said in a statement.

    Hydrogen’s use as a clean fuel, increased production of batteries, connected devices and artificial intelligence all raise issues about environmental and labour standards, data protection and cybersecurity.

    EU officials point to China’s new strategy on standardisation introduced at the end of the last year, saying this highlights a need for the bloc to act faster and join forces with other “like-minded” countries.

    The EU executive will also fund standardisation projects in neighbouring countries and in Africa.

    The Commission proposal wants more standards set more rapidly for COVID-19 vaccines and medicines, recycling of critical raw materials, clean hydrogen, low-carbon cement, semiconductors and data.

    Standards can take four to six years to develop, EU officials say.

    The Commission proposal seeks to align projects funded by its Horizon Europe research and innovation programme with its standardisation aims and, with many experts nearing retirement age, promote this as a career opportunity for young people.

    The proposal will also give a stronger voice to national authorities in the EU’s 27 member states on standard-setting, to limit the influence of non-EU companies or bodies in areas such as cybersecurity and hydrogen.

    (Reporting by Philip Blenkinsop; Editing by Gareth Jones)

    BRUSSELS (Reuters) – The European Commission proposed revisions to its system of standards on Wednesday to cover green and digital products and technology and ensure it is setting future global standards rather than taking them from the likes of China.

    The European Union already has standards for products from household appliances to toys, but now wants a system for its green and digital transition that goes beyond product safety or inter-operability to include environmental and labour criteria and its democratic values.

    “Technical standards are of strategic importance. Europe’s technological sovereignty, ability to reduce dependencies and protection of EU values will rely on our ability to be a global standard-setter,” Internal Markets Commissioner Thierry Breton said in a statement.

    Hydrogen’s use as a clean fuel, increased production of batteries, connected devices and artificial intelligence all raise issues about environmental and labour standards, data protection and cybersecurity.

    EU officials point to China’s new strategy on standardisation introduced at the end of the last year, saying this highlights a need for the bloc to act faster and join forces with other “like-minded” countries.

    The EU executive will also fund standardisation projects in neighbouring countries and in Africa.

    The Commission proposal wants more standards set more rapidly for COVID-19 vaccines and medicines, recycling of critical raw materials, clean hydrogen, low-carbon cement, semiconductors and data.

    Standards can take four to six years to develop, EU officials say.

    The Commission proposal seeks to align projects funded by its Horizon Europe research and innovation programme with its standardisation aims and, with many experts nearing retirement age, promote this as a career opportunity for young people.

    The proposal will also give a stronger voice to national authorities in the EU’s 27 member states on standard-setting, to limit the influence of non-EU companies or bodies in areas such as cybersecurity and hydrogen.

    (Reporting by Philip Blenkinsop; Editing by Gareth Jones)

    Related Posts
    Treasury transformation must be built on accountability and trust
    Treasury transformation must be built on accountability and trust
    Financial services: a human-centric approach to managing risk
    Financial services: a human-centric approach to managing risk
    LakeFusion Secures Seed Funding to Advance AI-Native Master Data Management
    LakeFusion Secures Seed Funding to Advance AI-Native Master Data Management
    Clarity, Context, Confidence: Explainable AI and the New Era of Investor Trust
    Clarity, Context, Confidence: Explainable AI and the New Era of Investor Trust
    Data Intelligence Transforms the Future of Credit Risk Strategy
    Data Intelligence Transforms the Future of Credit Risk Strategy
    Architect of Integration Ushers in a New Era for AI in Regulated Industries
    Architect of Integration Ushers in a New Era for AI in Regulated Industries
    How One Technologist is Building Self-Healing AI Systems that Could Transform Financial Regulation
    How One Technologist is Building Self-Healing AI Systems that Could Transform Financial Regulation
    SBS is Doubling Down on SaaS to Power the Next Wave of Bank Modernization
    SBS is Doubling Down on SaaS to Power the Next Wave of Bank Modernization
    Trust Embedding: Integrating Governance into Next-Generation Data Platforms
    Trust Embedding: Integrating Governance into Next-Generation Data Platforms
    The Guardian of Connectivity: How Rohith Kumar Punithavel Is Redefining Trust in Private Networks
    The Guardian of Connectivity: How Rohith Kumar Punithavel Is Redefining Trust in Private Networks
    BNY Partners With HID and SwiftConnect to Provide Mobile Access to its Offices Around the Globe With Employee Badge in Apple Wallet
    BNY Partners With HID and SwiftConnect to Provide Mobile Access to its Offices Around the Globe With Employee Badge in Apple Wallet
    How Integral’s CTO Chidambaram Bhat is helping to solve  transfer pricing problems through cutting edge AI.
    How Integral’s CTO Chidambaram Bhat is helping to solve transfer pricing problems through cutting edge AI.

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Technology PostWhat are the main threats to digital identity innovation, and how can they be limited?
    Next Technology Post2022: a year of hybrid data cloud, upskilling and ethical AI

    More from Technology

    Explore more articles in the Technology category

    Why Physical Infrastructure Still Matters in a Digital Economy

    Why Physical Infrastructure Still Matters in a Digital Economy

    Why Compliance Has Become an Engineering Problem

    Why Compliance Has Become an Engineering Problem

    Can AI-Powered Security Prevent $4.2 Billion in Banking Fraud?

    Can AI-Powered Security Prevent $4.2 Billion in Banking Fraud?

    Reimagining Human-Technology Interaction: Sagar Kesarpu’s Mission to Humanize Automation

    Reimagining Human-Technology Interaction: Sagar Kesarpu’s Mission to Humanize Automation

    LeapXpert: How financial institutions can turn shadow messaging from a risk into an opportunity

    LeapXpert: How financial institutions can turn shadow messaging from a risk into an opportunity

    Intelligence in Motion: Building Predictive Systems for Global Operations

    Intelligence in Motion: Building Predictive Systems for Global Operations

    Predictive Analytics and Strategic Operations: Strengthening Supply Chain Resilience

    Predictive Analytics and Strategic Operations: Strengthening Supply Chain Resilience

    How Nclude.ai   turned broken portals into completed applications

    How Nclude.ai turned broken portals into completed applications

    The Silent Shift: Rethinking Services for a Digital World?

    The Silent Shift: Rethinking Services for a Digital World?

    Culture as Capital: How Woxa Corporation Is Redefining Fintech Sustainability

    Culture as Capital: How Woxa Corporation Is Redefining Fintech Sustainability

    Securing the Future: We're Fixing Cyber Resilience by Finally Making Compliance Cool

    Securing the Future: We're Fixing Cyber Resilience by Finally Making Compliance Cool

    Supply chain security risks now innumerable and unmanageable for majority of cybersecurity leaders, IO research reveals

    Supply chain security risks now innumerable and unmanageable for majority of cybersecurity leaders, IO research reveals

    View All Technology Posts