European law

European law

body of treaties, law and court judgements which operates alongside the legal systems of the European Union's member states.

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European law

Emissions Trading System (ETS)

Law; European law

A system to cap emissions of carbon dioxide by allowing firms that exceed their emissions limits to buy extra allowances from firms whose emissions are under target levels.

Economy of scale

Law; European law

The increase in profit made by a business when it can produce and sell more without increasing costs.

Development bank

Law; European law

An institution that provides financing and advice for development purposes.

Deepening

Law; European law

Deepening refers to the integration dynamic present from the outset of the European venture. Through the customs union, the internal market, and then the Euro zone, the European Communities have ...

Action plan

Law; European law

Negotiated with individual countries under the European Neighbourhood Policy (ENP). The plans offer incentives (e.g. integration into EU networks) in return for progress on relevant reforms (e.g. ...

Constructive abstention

Law; European law

Constructive abstention is the idea of allowing a Member State to abstain on a vote in Council under the common foreign and security policy (CFSP), without blocking a unanimous decision.

Accession Treaty

Law; European law

Accession Treaty is a treaty endorsing final membership of the European Union. It does not come into force on the day it is signed but on a pre-arranged date.