Scope This EIC Accelerator Challenge aims at supporting the development and scaling up of technologies and boosting breakthrough innovations that strengthen the green transition. Breakthrough innovations for this Challenge should have the potential to create significant economic, competitiveness and employment benefits for Europe. This Challenge targets ground-breaking innovations in any field of technology that have […]
EU’s need for natural gas imports reduced to 83% by 2021
In 2021, the EU’s natural gas import dependency rate was 83%. This is 1 percentage point (pp) less than 2020 (84%). This small decrease in import dependency was significantly influenced by the fact that most EU Member States used stocks of natural gas that were imported in previous years. In fact, the drop in natural gas stocks in 2021 was […]
EU will import 58% of its energy by 2020
By 2020, 58% of the energy consumed in the EU will be imported, while its own production will cover only 42% of demand. The EU’s energy mix by 2020 will consist of 35% oil and oil derivatives, 24% natural gas, 17% renewables, 13% nuclear energy and 11% solid fossil fuels. Russia is the main supplier […]
EU rejects Putin’s request to pay for gas supplies from Russia in rubles
The Energy Ministers of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States of America, and the European Union Commissioner for Energy met on Monday in a brief videoconference. As a result, they rejected Putin’s demand that gas deliveries must be paid in rubles, and reaffirmed that agreed contracts for gas deliveries […]
Options to mitigate high energy prices
Following up rapidly on the REPowerEU Communication and the Versailles Declaration, the Commission has set out ideas last 23rd March, for collective European action to address the root causes of the problem in the gas market and ensure security of supply at reasonable prices for next winter and beyond. Leaders will continue the discussion on […]
Commission aid to Spain for energy consumption
The European Commission has approved, under EU State aid rules, a Spanish scheme to partially compensate energy-intensive companies for higher electricity prices resulting from indirect emission costs under the EU Emission Trading System (‘ETS’). Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “This €2.9 billion scheme enables Spain to reduce the risk of energy-intensive […]
Synchronization of the continental European power grid with Ukraine and Moldova
Last March 16, the electricity grids of Ukraine and Moldova have been successfully synchronised with the Continental European Grid. This will help Ukraine to keep their electricity system stable, homes warm and lights on during these dark times. It is also a historic milestone for the EU-Ukraine relationship – in this area, Ukraine is now […]
REPowerEU: Joint European action for more affordable, secure and sustainable energy
The European Commission has today proposed an outline of a plan to make Europe independent from Russian fossil fuels well before 2030, starting with gas, in light of Russia’s invasion of Ukraine. This plan also outlines a series of measures to respond to rising energy prices in Europe and to replenish gas stocks for next winter. Europe has been facing increased energy […]
Support for Ukraine and the energy situation in Europe
Russian military action in Ukraine is causing major damage to the country’s energy capacities. Energy ministers have said that they are willing and ready to provide assistance to Ukraine in this regard. Moreover, these military operations are leading to an increase in gas prices in the EU as well as in international oil prices. This […]