The European Commission has approved, under State aid rules, the prolongation and amendments of a Spanish and Portuguese measure aimed at reducing the wholesale electricity prices in the Iberian market (‘MIBEL’) by lowering the input costs of fossil fuel-fired power stations. The amended measure, which will be in place until 31 December 2023, was approved […]
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European Commission launches AggregateEU mechanism for joint gas purchases by European companies
The Commission launched an innovative process for European companies to register their gas procurement needs through the AggregateEU mechanism, in preparation for aggregated gas procurement at EU level. This is an important milestone for the EU, allowing it to prepare for the coming winter by coordinating a timely replenishment of gas stocks and using its […]
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European Parliament approves 5 key new laws to reach the 2030 climate target
MEPs adopted the reform of the EU’s Emissions Trading System including for aviation and maritime, the Carbon Border Adjustment Mechanism and a new Social Climate fund. On Tuesday, Parliament approved the deals reached with EU countries in late 2022 on several key pieces of legislation that are part of the “Fit for 55 in 2030 package”. […]
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10th EU-US Energy Council
The 10th EU-US Energy Council met on 4th April in Brussels, chaired by EU High Representative/Vice President Josep Borrell Fontelles, European Energy Commissioner Kadri Simson, US Secretary of State Antony Blinken, and US Deputy Secretary of Energy David M. Turk. Swedish Minister for Foreign Affairs, Tobias Billström, represented the Presidency of the Council of the […]
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The Council and the European Parliament agree to increase the share of renewable energies in overall EU energy consumption to 42.5%.
The Council and the Parliament negotiators today reached a provisional political agreement to raise the share of renewable energy in the EU’s overall energy consumption to 42.5% by 2030 with an additional 2.5% indicative top up that would allow to reach 45%. Each member state will contribute to this common target. This provisional political agreement will now need […]
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European Council adopts regulation on CO2 emissions from new passenger cars and vans
‘Fit for 55’: The new rules aim to reduce emissions from road transport that has the highest share of emissions from transport – and provide the right push for the automotive industry to shift towards zero-emission mobility while ensuring continued innovation in the industry. The new rules set the following targets: 55% CO2 emission reductions for […]
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The CJEU concludes that purchasers of cars affected by “dieselgate” will be entitled to compensation.
The purchaser of a vehicle equipped with an unlawful defeat device has a right to compensation from the car manufacturer where that device has caused damage to that purchaser. The judgment of the Court of Justice in case C-100/21 deals with the liability of manufacturers of vehicles fitted with defeat devices. The proceedings are initiated […]
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MEPs back plans for a climate neutral building sector by 2050
Parliament adopted draft measures to increase the rate of renovations and reduce energy consumption and greenhouse-gas emissions on Tuesday. The proposed revision of the Energy Performance of Buildings Directive aims to substantially reduce greenhouse gas (GHG) emissions and energy consumption in the EU building sector by 2030, and make it climate neutral by 2050. It […]
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European Commission proposes reform of the EU electricity market set-up
The European Commission proposes to reform the configuration of EU electricity markets to accelerate the growth of renewables and the phase-out of natural gas, reduce the dependence of consumer bills on volatile fossil fuel prices and better protect consumers against future prices. growth and potential market manipulation affect and make EU industry cleaner and more […]
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