The conflict in the Middle East has forced the EU to compete for supplies on global oil and gas markets, which have seen a significant reduction in supply and increased prices. Against the backdrop of such global uncertainty and energy markets tightness, the European Commission is working with Member States and industry to ensure that […]
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Commission boosts Europe’s competitiveness, decarbonisation and independence with Electrification Action Plan and ETS review
The Commission presented last July 17 an Electrification Action Plan to make Europe the first electro-powered continent, and a stronger carbon market to support EU’s industry in the clean transition and electrification. Europe’s reliance on imported fossil fuels has repeatedly exposed it to geopolitical shocks. These have driven up energy prices for both households and companies, and dragged down our competitiveness. […]
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2.5 billion euros of revenue from the EU Emissions Trading Scheme is being invested in cleaner energy systems in 11 EU countries
The European Commission and the European Investment Bank have announced the disbursement of 2,500 million euros fromthe Modernisation Fund to support 51 energy-related projects in 11 EU Member States. Financed by revenue fromthe EU Emissions Trading System (EU ETS), today’s disbursement brings the total funding available from the Modernisation Fund to €23,200 million since January […]
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The EU’s first tripartite agreement to boost energy storage is signed
The European Commission has brought together several EU energy ministers, storage system developers and manufacturers, renewable energy developers, energy-consuming industries and financial institutions to sign the EU’s first tripartite agreementon energy storage. The signing took place today in Luxembourg, as part of the meeting of the Energy Council. The aim of this first tripartite agreement […]
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The Commission is simplifying energy and tyre labelling and making it more accessible to European consumers
European consumers, suppliers and retailers of household appliances, electronic devices and tyres will benefit from the simplified labelling rules proposed by the Commission. The simplified energy labelling and tyre labelling rules will make the requirements easier for suppliers and retailers to comply with, whilst ensuring that consumers receive the information they need when purchasing a […]
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The EU launches the Trans-Mediterranean Cooperation on Renewable Energy and Clean Technology
On 9 June, the European Union launched the Trans-Mediterranean Cooperation on Renewable Energy and Clean Technology (T-MED), a flagship initiative under the Pact for the Mediterranean. T-MED aims to accelerate the development of renewable energy, hydrogen, clean technology manufacturing and modern electricity grids across the Mediterranean region, with a view to fostering a more integrated, […]
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The Commission approves Spain’s €9 billion capacity mechanism to ensure the security of electricity supply
The European Commission has approved, under EU state aid rules, a €9 billion capacity mechanism for electricity supply in Spain. This aid measure aims to ensure that there is sufficient capacity to generate, store or consume electricity flexibly and that electricity generation meets projected demand. The Spanish aid Spain notified the Commission of the introduction […]
Read MoreThe Commission is awarding €400 million to European projects aimed at decarbonising heat production
The European Commission has selected 65 projects under the Thermal Energy Innovation Fund auction, the first EU-wide auction aimed at accelerating the roll-out of innovative clean heating technologies across European industry. Across ten countries in the European Economic Area (Austria, Belgium, the Czech Republic, Denmark, France, Germany, Hungary, Portugal, Slovenia and Spain), the projects will […]
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The spring 2026 economic forecasts point to a slowdown in growth as the energy crisis drives up inflation
The spring 2026 economic forecasts point to a slowdown in economic activity, as the conflict in the Middle East is causing a new energy crisis that is fuelling inflation and undermining economic confidence. Before the end of February 2026, the EU economy was expected to continue growing at a moderate pace alongside a further decline […]
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