EU Commission launches work on Energy Union

The EU Commission has launched work on the Energy Union; a fundamental step towards the completion of single energy market and reforming how Europe produces, transports and consumes energy. The Energy Union with a Forward-looking Climate Change Policy is one of the key political priorities of the Juncker Commission. After more than 60 years from the founding of the Coal and Steel Community, the Commission today drew a plan for reorganising European energy policies and kicked off work for European Energy Union.

The Energy Union is timely. The European Union imports 55% of its energy. 90% of the housing stock in Europe is energy inefficient, our energy infrastructure is ageing and the internal energy market is far from complete.

The momentum for the Energy Union is here. The energy security is high on the political agenda, and a door for an ambitious climate agreement in Paris at the end of 2015 was opened in the European Council last October. The recently adopted Investment Plan for Europe is designed to unlock the financial means the energy sector really needs. The currently low oil prices are also giving an extra incentive and give more political and financial room to do what is necessary to achieve a more competitive, secure and sustainable European energy policy.

The Vice-President for the Energy Union, Maroš Šefcovic said: ”Our current energy policies are unsustainable in every sense and in urgent need of reorganisation. Citizens should be at the core of our energy policy. While we have a very ambitious agenda, the momentum is here and now. We will work to ensure a coherent approach to energy across different policy areas, to create more predictability. Climate, transport, industry, research, external policy, the digital economy and agriculture will be all crucial to the project. The Energy Union aims to break the silo culture where it still exists and bring all relevant players to the same table – in short, the Energy Union will set the scene for a new way of making energy policy in Europe.”

The Commissioner for Climate Action and Energy, Miguel Arias Cañete added:"The Energy Union will be an ambitious project that will set a new direction and a clear long term vision for European energy and climate policy. It will not simply be a repackaging of old ideas, and will contain concrete measures to make sure the vision becomes a reality. As Commissioner for Climate Action and Energy, I will be responsible for delivering many of the measures outlined in the strategy. Effective implementation will be crucial, as will full and proper enforcement of existing legislation."

The Energy Union framework strategy is scheduled for adoption on 25 February. This strategic policy document will be accompanied by the ‘Road to Paris’ Communication spelling out the EU's intended climate contribution as well as a Communication reporting on EU's progress towards the minimum electricity interconnection target of 10%.


Adapted from press release by Rosalie Starling

Published on 05/02/2015


Get your FREE Oilfield Technology magazine »

Get your FREE trial of Hydrocarbon Engineering magazine »

Get your FREE trial of World Pipelines magazine »


 
 

Related articles

EU carbon market reform needed

According to the UK government, reforms are needed in order to make the EU Emissions Trading System more efficient.

EU allocate funding for Iasi-Ungheni pipeline expansion

According to Moldova’s Ministry of Economy, the EU will allocate €10 million to expand the Iasi-Ungheni pipeline to Chisinau.

EU approves sanctions on Iran

The EU has approved a broad package of sanctions against Iran, which amongst other things, will also target their oil and gas industry.

EU distributes €2.3 billion for pipelines and energy projects

The European Union has assigned €2.3 billion of its €4 billion unspent budget to 12 electricity and 31 gas pipeline projects.

Recommend magazines

  World Pipelines