EU energy ministers reached a political agreement on a Council regulation that sets a market correction mechanism to protect citizens and the economy against excessively high prices. The regulation aims to limit episodes of excessive gas prices in the EU that do not reflect world market prices, while ensuring security of energy supply and the […]
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First high-level roundtable on joint gas purchasing
The European Commission convened a high-level industrial roundtable to support the work of the EU Energy Platform in further advancing on joint gas purchasing which is due to kick off in 2023. The meeting follows the adoption by EU Energy Ministers of the Commission’s proposed Regulation on enhancing solidarity through better coordination of gas […]
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MEPs back plans to boost the deployment of renewables because of energy crisis
Faster procedures to issue permits for renewable energy installations A boost for the EU’s domestic production amid energy crisis The scheme will reduce dependence on fossil fuels imported from Russia In their amendments to the Commission proposal, MEPs shortened the maximum period to approve new installations from twelve to nine months, if located in so-called […]
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REPowerEU: deal on energy measures in national recovery plans
Measures to save energy, produce clean energy and diversify supplies Support for vulnerable households, SMEs and micro-enterprises Member states to allocate more funds to cross-border and multi-country energy projects MEPs struck a deal with Council on the inclusion of REPowerEU measures in national recovery plans to support independence from Russian fossil fuels and the green […]
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Batteries: deal on new EU rules for design, production and waste treatment
On Friday, Parliament and Council reached a provisional agreement to overhaul EU rules on batteries and take into account technological developments and future challenges. The agreed rules will cover the entire battery life cycle, from design to end-of-life and apply to all types of batteries sold in the EU: portable batteries, SLI batteries (supplying power […]
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EU agrees on maximum price for a barrel of Russian crude oil
The Council has decided to set an oil price cap for crude oil and petroleum oils and oils obtained from bituminous minerals (CN code 2709 00) which originate in or are exported from Russia, at USD 60 per barrel. The level of the cap was established in close cooperation with the Price Cap Coalition and will become […]
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EU and Japan step up cooperation on hydrogen
The EU and Japan have intensified their cooperation on hydrogen with the signature of a Memorandum of Cooperation (MoC) to spur innovation and develop an international hydrogen market. As frontrunners in hydrogen technology, the EU and Japan will work together for sustainable and affordable production, trade, transport, storage, distribution and use of renewable and low-carbon […]
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EU action to reduce energy consumption
Saving energy is key to fighting climate change and reducing the EU’s energy dependency. Find out what MEPs are doing to reduce consumption. Energy efficiency means using less energy to produce the same result. It enables saving energy and reducing emissions from power plants. Laws on energy efficiency from 2018 are being revised to help […]
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Commission invests EUR 3 billion in innovative clean technology projects to accelerate energy independence
Today, the European Commission is launching the third call for large-scale projects under the EU Innovation Fund. With a budget doubled to €3 billion thanks to increased revenue from the auctioning of EU Emissions Trading System (ETS) allowances, this 2022 call for large-scale projects will boost the deployment of industrial solutions to decarbonise Europe. With a special focus […]
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