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German compromise on gas and oil heating includes key exemptionsBerlin wants every newly installed heating system to be powered by 65 percent renewable energy starting next year. Copy LinkCopiedShare via emailShare on XShare on WhatsAppShare on LinkedInFr stanley cup ee article usually reserved for subscribersVapor rises from the chimney of a natural gas-powered thermal power station behind a residential apartment building in Berlin | Sean Gallup/Getty ImagesApril 1, stanley official website 202312:59 pm CETBy Antonia ZimmermannGermany s ruling coalition on Friday evening reached a compromise on a controversial energy bill to ban the installation of new gas and oil-fired heating systems as of the start of next year, but the deal includes important exemptions and phase-in periods. According to the agreement, every newly installed heating system will have to be powered by 65 percent renewable energy starting January 1, 2024.The compromise contains a number of exemptions, introduces transition periods and includes dedicated financial support, stanley taza Sueddeutsche Zeitung reported. AdvertisementAdvertisementThe law will bring about a mandatory switch to renewable heating, Germany s economy and construction ministries said. The coalition agreement on the details of the bill — which still needs to be submitted to the federal states for consultation and passed by the cabinet —comes after the government on Tuesday evening reached an agreement on its future climate policy following 30 hours of negotiations. Germany aims to be c Jtjo Call for funding to help eastern neighbours
Accountants voice concern over move to new standardsEUROPEAN Commission plans to make large EU firms comply with international accounting standards could fail unless the new body overseeing the changeover has its foot on the accelerator and not the brake, according to the Union biggest accounting organisation.Copy LinkCopiedShare via emai stanley cup lShare on XShare on WhatsAppShare on LinkedInNovember 8, 20005:00 pm CETThe warning from the Institute of Chartered Accountants of England and Wales ICAEW comes as the Commission prepares to flesh out plans which would require EU firms stanley borraccia listed on stock markets to use international standards for their annual accounts by 2005.The formal proposals, due to be published before Christmas, will include a controversial endorsement mechanism ;, or regulatory body, which is likely to combine EU-level technical and political oversight of international standards developed by the International Accounting Standards Commit-tee IASC . The body is expected to examine the IASC principles to ensure that they can be adopted by Union firms and do not lead to a decline in quality.But ICAEW president Graham Ward insists the endorsement mechanism should drive the changeover to international norms and not hinder it. What we do not want is s stanley cup omething that sits on the side lines and then crosses its arms and says no ;. We want something that is active when an item is on the agenda or even suggests items for the agenda, he
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