At an extraordinary meeting of the Energy Council, EU ministers committed to reducing gas demand by 15% this winter, as a demonstration of solidarity. This reduction is voluntary but could become mandatory if a security of supply alert is triggered. EU energy ministers reached a political agreement on a voluntary reduction of natural gas demand […]
EU and Azerbaijan enhance bilateral relations, including energy cooperation
On 18 July in Baku, Commission President Ursula von der Leyen and Commissioner for Energy Kadri Simson met with President Ilham Aliyev and Azeri Energy Minister Parviz Shahbazov to strengthen the existing cooperation between the EU and Azerbaijan. The two Presidents signed a new Memorandum of Understanding on a Strategic Partnership in the Field of Energy. Currently, the EU […]
Council approves conclusions on a strategic partnership with the Gulf
On June 20, the Council approved conclusions on a strategic partnership with the Gulf region. The objective is to build a strategic partnership with the Gulf Cooperation Council and its member states. An enhanced and deep cooperation between the EU and the Gulf partners is a key priority for the European Union and a shared interest in […]
EU and Egypt step up cooperation on climate and energy
Today in Cairo, on the occasion of the visit of Commission President Ursula von der Leyen and her meeting with Egyptian President El Sisi, the EU and Egypt issued a joint statement on climate, energy and the green transition. The EU and Egypt will join efforts to implement the Paris Agreement and ensure ambitious outcomes at COP27, which takes place […]
Defence and energy autonomy seen as key to 2022
A Eurobarometer shows that European citizens support massively a common security and defence policy and expect the EU to phase out its dependency on Russian sources of energy. The survey also confirms the large support for the EU’s response to the Russian aggression against Ukraine. The EU’s response to Russia’s invasion of Ukraine – In line with […]
European Commission approves Spanish and Portuguese measure to lower electricity prices
The European Commission has approved, under EU State aid rules, a €8.4 billion 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 measure was approved under Article 107(3)(b) of the Treaty on the Functioning of the European […]
LIFE: New ecodesign and energy labelling compliance support facility for suppliers and retailers
Objective Ecodesign and energy labelling for energy-related products enjoy widespread support by suppliers, retailers, consumers and citizens, but non-compliance with the requirements is a significant and growing concern (e.g. over 70% of products failing to meet the information requirements). Lack of awareness, knowledge or detailed understanding of the legislative provisions by economic operators is one […]
The EU Emissions Trading Scheme (ETS) and its reform in brief
The EU’s emissions trading system (ETS) aims to reduce the industry’s carbon emissions. Discover how it works and why a reform is needed. What is the EU’s emissions trading system all about? Although the EU is the world’s third largest CO2 emitter, it also pursues the most ambitious climate target: to cut emissions substantially by […]
Main results of the Special meeting of the European Council – May 2022 (Day 2)
On the second day of the summit, they were joined by Chairperson of the African Union, Macky Sall, via video conference during the discussion on food security. Solidarity lanes The Russian war of aggression against Ukraine is having a direct impact on global food security and affordability. The European Council called on Russia to: end its attacks on transport […]