This afternoon, the EU Parliament in Strasbourg will vote on a resolution on sanctions against Russia. In it, MEPs will call for an embargo on oil and coal and for Nordstream 1 and 2 to be abandoned completely. A preliminary draft Wednesday night, obtained by Europe.Table, says Russian gas supplies should also be embargoed “as […]
Promoting innovation, rewarding pioneers, and creating a level playing field for European industrial plants – with the proposal for the revision of the Industrial Emissions Directive (IED), the Commission hopes to provide “long-term investment security” for operators of industrial plants. Of a “significant reduction in harmful emissions from industrial plants and Europe’s largest livestock farms,” […]
The Fit for 55 package is making progress. The first dossier of the package cleared the hurdle of the parliamentary vote yesterday. The report on the revision of the Market Stability Reserve (MSR) was adopted by 490 votes in favor, 129 against, and 7 abstentions in the plenary in Strasbourg. The MSR reform aims to […]
Although Christian Lindner (FDP) announced an “examination in detail” of what the Russian payment regime for gas, issued by decree, prescribes, there does not seem to be too much concern. A “Putinian smokescreen to create confusion,” is what Jens Südekum, a member of the advisory board of the German Ministry of Economics, called it. The […]
The Green MEPs in the ECON and ENVI Committees and those of the S&D Group in the ECON Committee have officially objected to the Complementary Delegated Act on EU taxonomy. The deadline for opening the objection procedure ended yesterday at 5 p.m.The classification of nuclear energy and natural gas as sustainable could have entered into […]
Intra-European and international emissions from aviation and shipping are not included in the German emissions budget for transport from the Climate Protection Act. According to a study by the environmental umbrella organization Transport & Environment (T&E), these unaccounted emissions account for over 90 percent of total emissions from the two sectors. If they were included, […]
In early April, the Commission will present a proposal for updating the Industrial Emissions Directive (IED). From a preliminary draft published by Contexte on Tuesday, it is clear that affected plants will have to be much more transparent in the future about the impact their industrial processes have on people and nature.The IED, introduced in […]
In October 2021, the European Securities and Markets Authority (ESMA) had started its review. The 143-page report said that based on available data, it found “no material weaknesses in the functioning” of the ETS. Price fluctuations were driven by supply and demand dynamics, as well as planned reductions in allowances and rising energy prices. The […]
An analysis by Agora Energiewende suggests that Europe can be energy independent as early as 2027 if the continent immediately deploys all available means to reduce energy demand and switch to renewables.Energy efficiency in buildings and industry, as well as a rapid expansion of wind and solar power, could permanently reduce demand for fossil gas […]
In order to cushion high energy prices, the EU Commission on Wednesday outlined possible emergency measures, which it, however, associates with high costs and further disadvantages. The options are not binding and are to be discussed at the EU summit this week.For example, one option could be to provide indirect support to consumers and businesses, […]