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Several simultaneous crises have put renewed pressure on the European Union to revise decision-making procedures and economic policies. Russia’s war on Ukraine, growing protectionism worldwide, technological rivalry with China and the US, problems with the rule of law in some Member States, post-pandemic issues and migration woes pose many challenges on the political side. On the economic front, many economists and politicians are calling for fiscal reforms, energy system overhaul and new EU funds ...

This study investigates the revision of the third energy package for gas in light of the current energy crisis. The report presents findings from desk research, interviews and a workshop on the current political context regarding natural gas and hydrogen as well as the role of unbundling rules for gas and hydrogen infrastructure, the development of an EU hydrogen backbone and the issue of ensuring energy supply through gas interconnectors.

On 9 November 2022, the European Commission proposed a temporary emergency regulation on accelerating the deployment of renewable energy. Its main aim is to simplify permit-granting procedures for renewable energy projects, in particular for solar installations, heat pumps, and projects involving the repowering of renewable energy plants. Accelerating the rollout of renewables is considered one of the main measures that could help the EU address the current energy crisis, improve security of supply ...

Enhancing solidarity in EU gas markets

Ve stručnosti 18-11-2022

The European Commission has adopted a proposal to improve the functioning of EU gas markets during the current energy crisis. It introduces a joint purchasing tool, seeks to improve efficiency and security of gas supply, and limits prices and volatility. The proposed Council regulation is under discussion among EU Member States.

The European Parliament's Committees on Budgets (BUDG) and Economic and Monetary Affairs (ECON) support the use of the Recovery and Resilience Facility (RRF) as the main funding tool of the European Commission's REPowerEU plan. During its November I plenary session, Parliament is due to debate and vote on the BUDG and ECON committees' joint report, which includes various changes to the Commission proposal to amend the RRF Regulation. Once endorsed, the report would become Parliament's mandate for ...

The European Union (EU) has an energy strategy focused on providing households and businesses with secure, sustainable, competitive and affordable energy. This will require a major transformation of Europe's energy system as well as massive investment. Alongside national funding, various EU instruments contribute to the financing of energy policy, which is central to efforts to decarbonise the European economy under the European Green Deal. The Recovery and Resilience Facility (RRF), the EU's ground-breaking ...

At their 20-21 October 2002 meeting, European Union leaders focused on Russia's military aggression against Ukraine, energy and the economy, as well as on external relations, paying specific attention to China. They reiterated the EU's support for Ukraine's territorial integrity, and confirmed EU political, financial, military and humanitarian support to Ukraine. On energy, EU leaders agreed that the Council and the European Commission will 'urgently submit concrete decisions' on energy-related measures ...

This At a glance note sumarises the study discussing the technological innovations, operational measures and alternative fuels that are needed for the aviation industry to achieve the objectives of the European Green Deal by 2050. The study also presents estimates of the investment needed for the industry to achieve those goals and analyses the EU regulatory framework and funding sources that can support the industry in its decarbonisation pathway.

On 20 and 21 October 2022, EU Heads of State or Government will meet for a formal European Council dedicated to Ukraine, energy and the economy – three interlinked topics that have been permanently on the European Council agenda since Russia launched its war on Ukraine. EU leaders are expected to condemn Russia's further escalation of the conflict and recent attacks on civilians and infrastructure across Ukraine; condemn the sham referendums in four Ukrainian regions; consider the deepening food ...

On 30 September 2022, the Council of the European Union agreed an urgent regulation to address the problem of very high energy prices in the EU. The Council regulation would raise revenues for Member States to compensate energy consumers for rising prices. Firstly, Member States would receive the excess revenues of electricity generators that rely on cheaper 'inframarginal' energy technologies. These companies are obtaining windfall revenues from high electricity prices caused by the exceptional ...