Achieving the digital transition is a fundamental challenge for the European Union in order to maintain a high level of business competitiveness. Winning this challenge is also decisive for global competition, for what could be defined as the maintenance of "digital sovereignty".
The adoption of the European Union Climate law has set an ambitious emission reduction target for 2030 while confirming the climate neutrality objective for 2050. According to the IPCC scenarios, keeping global warming below 1.5°C requires that global anthropogenic net emissions should be zero by around 2050. Secondly, meeting this goal requires the deployment of CDR, which can happen by means of bioenergy with carbon capture and storage (BECCS) and removals in the agriculture, forestry and other land use (AFOLU) sector. The IPCC defines CDR as "anthropogenic activities removing CO2 from the atmosphere and durably storing it in geological, terrestrial, or ocean reservoirs, or in products".
On 19 July, the Commission has adopted a proposal for a Regulation by the European Parliament and the Council establishing the European Defence Industry Reinforcement through common Procurement Act (EDIRPA) for 2022-2024.
Considering the extent of the food security crisis and the urgency to address the issue of excessive commodity speculation, the aim of this own-initiative opinion is to analyse the current situation in more detail; gather experts' views on the impacts of commodity speculation on food price increases and food security worldwide; and provide civil society's recommendations on policy measures that are needed to address excessive price speculation and increase market transparency.