Brussels is resetting the Green Deal’s course—centering the transition on power-market rules and grid build-out to keep prices stable, shield industry, and scale electrification. It dovetails with a new international strategy linking climate ambition to competitiveness and security, and hints at more steps beyond the 2024 market-design reform. Yet one question looms: in the race […]
Tag: Renewables
With energy prices threatening Europe’s competitiveness and millions of citizens struggling with high costs, the European Commission’s Action Plan for Affordable Energy sets out an ambitious roadmap to reshape the market. From structural reforms to decouple gas from electricity prices to fast-tracking renewables and expanding grid interconnections, the strategy seeks to balance affordability, security, and […]
The new Directive RED III requires at least 42.5% of final energy consumption to come from renewable sources. How to cover the gap between today’s 21% and the 42.5% target in six years. How will pay higher bills? Timidly, the governments of the 27 have held back the ultra-green push from the European Commission […]
On 9 September 2022, a new meeting of the Council of Energy Ministers of the EU Council. On the table 3 discussions and possibly decisions: “gas cap”, “state of alert” and “tax on unexpected extra profits on energy”. Member States are divided on these three von der Leyen’s proposals. Gas cap means two things: setting […]
EU is investing over €1.8 billion in 17 large-scale innovative clean-tech projects with a third round of awards under the Innovation Fund. Next projects will be financed in Autumn 2022. Grants will be disbursed from the Innovation Fund to help bring breakthrough technologies to the market in energy-intensive industries, hydrogen, renewable energy, carbon capture and storage infrastructure, and manufacturing of […]
EU decided to lead the global energy transition starting with € 1.1 billion through the EU Innovation Fund. EU confirmed it will heavily fund technologies to facilitate european energy transition and to enable european companies to make global progress. A strategy that will bear fruit by 2030 and will prepare the climate neutrality targets […]
There is a double urgency to transform Europe’s energy system: reducing EU dependance on fossil fuel imports and tackling the climate crisis. EU has important objectives on climate change and the current tensions on energy market suggest to accelerate measures on energy savings, diversification of suppliers, renewables and to replace fossil fuels consumption in industry […]