At the World Climate Action Summit in Dubai, President Ursula von der Leyen launched the Global Pledge on Renewables and Energy Efficiency together with the COP28 Presidency and 118 countries. This initiative, first proposed by the Commission President at the Major Economies Forum in April, sets global targets to triple the installed capacity of renewable energy to at least 11 terawatts (TW) and […]
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EU position for COP28
World leaders will gather in Dubai, United Arab Emirates, for the world climate action summit to kick off the 28th United Nations climate change conference (COP28). From 30 November to 12 December, COP28 will bring together the parties to the UN Framework Convention on Climate Change (UNFCCC). These include the EU and all EU member states. […]
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Agreement on internal gas and hydrogen markets
The Council and the Parliament reached a provisional political agreement on the directive to establish common rules for the internal markets in renewable and natural gases and in hydrogen. The directive seeks to facilitate the penetration of renewable and low-carbon gases into the energy system, enabling a shift from natural gas, with a view to […]
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European Commission sets out measures to accelerate the deployment of electricity grids
Interconnected and stable energy networks are the backbone of the EU’s internal energy market and key to enable the green transition. To help deliver the European Green Deal the Commission is proposing today an Action Plan to make sure our electricity grids will operate more efficiently and will be rolled out further and faster. The Commission has already put in place a supportive legal framework for the rollout […]
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Commission approves €1.1 billion Spanish State aid scheme to support investments in equipment necessary to foster the transition to a net-zero economy
The European Commission has approved a €1.1 billion Spanish scheme to support investments for the production of equipment necessary to foster the transition towards a net-zero economy, in line with the Green Deal Industrial Plan. The scheme was approved under the State aid Temporary Crisis and Transition Framework, adopted by the Commission on 9 March 2023 and amended on 20 November 2023, to support […]
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Spain is the EU country where electricity prices fell the most in the first half of 2023
After a significant increase in prices that started before the Russian invasion of Ukraine, but skyrocketed through the second semester of 2022, electricity and gas prices are stabilising. The prices of energy rose due to an increase in the price of natural gas, which is considered the marginal fuel. This happened because the imports from […]
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Commission sets out immediate actions to support the European wind power industry
Achieving the recently agreed EU target of at least 42.5% renewable energy by 2030, with an ambition to reach 45% renewables, will require a massive increase in wind installed capacity with an expected growth from 204 GW in 2022 to more than 500 GW in 2030. While the wind power sector is a historical EU success […]
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Council agrees on EU electricity market reform
The Council agreed its position (general approach) on a proposal to amend the EU’s electricity market design (EMD). The aim of the reform is to make electricity prices less dependent on volatile fossil fuel prices and shield consumers from price spikes, notably by improving the way the long-term electricity market works. The proposal is part of a wider reform of […]
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European Union agrees to phase down fluorinated gases and ozone-depleting substances
The Council and Parliament negotiators today reached a provisional political agreement on phasing down substances that cause global warming and deplete the ozone layer. This provisional agreement finalises negotiations on fluorinated greenhouse gases (F-gases) and confirms an informal agreement reached in June on ozone-depleting substances (ODSs). While existing EU legislation has already limited the use […]
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