In her Davos address at the launch of the Global Energy Transition Forum, European Commission President Ursula von der Leyen lauded the record-breaking global investment in renewables and underscored the urgency of shifting away from fossil fuels. Yet, behind the scenes, an increasing number of European governments are voicing concern over the rising costs of […]
The European Union aims to lead the global energy transition by promoting clean energy use, especially in transport and heating, to reduce emissions. However, its increase in customs duties on imported vehicles and technologies from third countries raises questions about the true intentions behind this policy. While the European Commission advocates for a rapid transition […]
The Commission has proposed an annual EU budget of nearly €200 billion for 2025, reinforced by €72 billion raised under the post-COVID recovery plan, NextGenerationEU. This budget is intended to finance EU priorities and address current and future challenges. The Commission’s proposal will be discussed and adopted by the European Parliament and the Council of […]
It was thought that the intense discussions on whether to recognize nuclear power as a green resource would bury the Act. However, twelve nuclear energy-producing countries held firm, and the European Parliament had to accept this inclusion to avoid being responsible for the failure of the energy transition. Ultimately, the Net-Zero Industry Act was approved, […]
Brussels, 18 April 2024 The European Union stands at a crossroads in determining the future of its financing strategies for ambitious projects. These projects, crucial for the bloc’s economic growth, sustainability, and integration, are caught in a dichotomy of financial approaches led by different member states’ economic philosophies and geopolitical realities. Mario Draghi and Enrico […]
