In 2024, the EU set a target of achieving an annual injection capacity of 50 million tonnes in the EU’s geological CO₂ storage sites by 2030, with the aim of supporting carbon capture and storage projects, reducing industrial emissions and increasing the availability of such storage sites in Europe. The published report shows that significant […]
Oil and gas coordination groups take stock of the situation in the oil and gas markets
Experts from the European Commission, EU member states and the International Energy Agency (IEA) met today in the Gas and Oil Coordination Groups to discuss the state of the EU’s gas and oil supply security in Europe, as the conflict in the Middle East enters its third month. The Gas Coordination Group confirmed that the […]
The Commission is proposing measures to protect Europeans from the fossil fuel crisis and accelerate the transition to clean, domestically produced energy
For the second time in less than five years, Europeans are paying the price for Europe’s dependence on imported fossil fuels. AccelerateEU is the Commission’s toolkit designed to provide immediate support to European households and industries, particularly the most vulnerable, whilst putting Europe on a steady path towards energy independence. Since the escalation of the […]
MEPs demand full embargo on Russian imports of oil, coal, nuclear fuel and gas
Parliament expresses indignation over reported atrocities by the Russian armed forces and demands that perpetrators of war crimes be held accountable. In a resolution adopted with 513 votes to 22 and 19 abstentions on Thursday, MEPs call for additional punitive measures, including “an immediate full embargo on Russian imports of oil, coal, nuclear fuel and […]
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 […]