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 […]
Commission establishes the EU Energy Platform Task Force to secure alternative supplies
On 25th May, the Commission had set up a new Task Force within its Directorate-General for Energy, to provide support to the EU Energy Platform and implement the REPowerEU goal of supply diversification. Following a mandate from the European Council in March 2022, the Commission and Member States have established the EU Energy Platform to […]
Public hearing on Commission’s classification of gas and nuclear
Parliament’s Committees on Economic and Monetary Affairs and on Environment, Public Health and Food Safety will hold a public hearing ahead of a scheduled vote on an objection on 14 June. The public hearing will contribute to MEPs’ ongoing scrutiny of the Commission’s proposal on how nuclear and gas activities should be classified in the […]
Social Climate Fund: ensuring a just energy transition
The EU wants a just energy transition. Find out how the Social Climate Fund aims to help those who are most exposed to energy poverty. As part of its efforts to achieve carbon neutrality by 2050, the EU plans to introduce further requirements for reducing emissions in construction and transport. The new rules will stimulate Europeans […]
Joint Statement between the European Commission and the United States on European Energy Security
Russia has demonstrated that it is an unreliable supplier of energy to Europe through unjustified and unacceptable actions such as cutting off electricity and natural gas to Finland, halting natural gas exports to Poland and Bulgaria, and threatening similar actions against other European nations. The European Commission and the United States condemn Russia’s use of […]
Commission’s emergency measures to improve energy markets
In response to several months of exceptionally high and volatile energy prices, the Commission sets out on 18th May a series of additional short-term measures to tackle high energy prices and address possible supply disruptions from Russia. It also presents a number of areas where the electricity market design can be optimsied, making it fit […]
Speech by Von der Leyen at the European Hydrogen Energy Conference 2022
Your Majesty, Vice Prime Minister Ribera, Dear friends of the Spanish Hydrogen Association and Hydrogen Europe, Distinguished guests, For years, science has been telling us that we must end our reliance on fossil fuels to save our planet. Now the Kremlin’s attack on Ukraine has given us yet another reason. That is to secure […]
Climate change: MEPs push for accelerated EU action and energy independence
Emissions Trading System reform: free allowances for industries phased out more quickly and citizens included later in ETS II Broader scope and faster implementation in new carbon leakage instrument Stricter trajectory, more transparency and less flexibility for member states’ greenhouse gas emissions in other sectors New EU carbon sinks goal will increase EU 2030 reduction […]