The European Commission and the European Investment Bank (EIB) have signed an agreement renewing Project Development Assistance (PDA) under the Innovation Fund to increase technical and financial advisory support for innovative decarbonisation projects that are either not selected via the Fund or are preparing to apply. The renewed PDA agreement aligns with the EU’s Clean Industrial Deal, which […]
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EU Review of Final Energy and Climate Plans: Questions and Answers
In this publication, we attach a press release from the Commission on the National Energy and Climate Plans. Are the EU and its Member States set to meet the EU’s binding energy and climate targets for 2030? The Commission assessment of the final National Energy and Climate Plans (NECPs) indicates that, overall, Member States have presented significant improvements […]
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Nearly €1 billion awarded to boost renewable hydrogen development.
Last May 20, the Commission announced the selection of 15 renewable hydrogen production projects for public funding across the European Economic Area (EEA). The projects, located across five countries, are expected to produce nearly 2.2 million tonnes of renewable hydrogen over ten years, avoiding more than 15 million tonnes of CO₂ emissions. The hydrogen will be produced in sectors such […]
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EU to fully end its dependency on Russian energy
The EU will end its dependency on Russian energy by stopping the import of Russian gas and oil and phasing out Russian nuclear energy, while ensuring stable energy supplies and prices across the Union. The REPowerEU Roadmap, presented yestraday by the European Commission, paves the way to ensure the EU’s full energy independence from Russia. Despite […]
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Commission approves €612 million in Portuguese aid for energy-intensive companies
The European Commission has approved, under EU State aid rules, a €612 million Portuguese scheme to lower electricity levy rates for energy-intensive companies. The scheme intends to reduce the risk that these energy-intensive companies relocate their activities to countries outside the EU with less ambitious climate policies. An energy-intensive company is a business that consumes […]
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MEPs advocate storage refill flexibility to bring down prices
The draft law adopted on Thursday seeks to address speculation on the gas market and bring down prices, by introducing greater flexibility in rules on gas storage refilling. The Industry, Research and Energy Committee has backed the Commission proposal to extend the EU’s 2022 gas storage scheme until 31 December 2027; it was otherwise set to end […]
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Parliamentary proposals to support energy-intensive industries
The EU must take action to strengthen the competitiveness of energy-intensive industries and help them make the transition to clean industrial processes. In a resolution adopted on Thursday, the plenary notes that energy-intensive industries, such as those involved in the production of chemicals, steel, paper, cement and glass, are crucial to the EU economy and […]
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Commission approves €5 billion German State aid scheme to help industries decarbonise production processes
The European Commission has approved, under EU State aid rules, a €5 billion German scheme to help companies subject to the EU Emission Trading Scheme (‘ETS’) decarbonise their production processes. The scheme contributes to the achievement of Germany’s energy and climate targets as well as of the EU’s sustainable prosperity and competitiveness objectives. The German scheme The scheme […]
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Continuous interoperability and data exchange in the energy sector
The INTERSTORE team presents a new framework to accelerate the integration of data spaces in the energy industry. A framework for energy data spaces developed within the EU-funded INTERSTORE project is expected to play a key role in accelerating the integration of data spaces within the energy sector. The framework is described in a recent […]
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