Eleven of the 27 member states want the EU to stop funding cross-border fossil-fuel energy projects. The related provisions are currently under review in Brussels. The group of countries lead by Denmark also includes Austria, Belgium, Germany, Estonia, Ireland, Luxembourg, Latvia, the Netherlands, Spain and Sweden. They argue that to achieve the EU’s 2030, -55% emission reduction goal and become climate neutral by 2050 Europe needs to act now to decarbonize its energy systems. Instead of gas pipelines, they say, the EU should instead provide incentives to invest into the energy system of the future. They are calling for financing renewables and hydrogen instead.
In a related positon paper circulated among EU ambassadors, the group of countries pointed out that the revision of the Trans-European energy infrastructure (TEN-E) regulation is a “litmus test” of the EU’s commitment to achieving climate neutrality.
Source: Euobserver.com
The EU’s employment rate reached a record high of 70.9% in the fourth quarter of…
Greece has announced plans to repay its first bailout loans a decade ahead of schedule,…
Despite their export-driven economies and strong manufacturing bases, Central and Eastern Europe (CEE) countries may…
Slovenia is at the centre of a strategic struggle between France and the US, as…
The EU’s internal market is still falling short of its founding promise. Despite decades of…
An outbreak of foot-and-mouth disease (FMD) has prompted mass animal culls and tightened border controls…