Photo: European Union / Cristina Quicler
Loosening the EU’s Emissions Trading System (ETS) would lessen the currently dramatic rises in energy prices, Estonia’s Economy and Infrastructure Minister Taavi Aas wrote on Tuesday. The ETS is not the root cause of the recent soar in European gas and electricity prices, but modifications to it could help the situation, he added.
Aas was writing later on Tuesday, after EU-27 energy ministers had met in Luxembourg to discuss rocketing prices and the European Commission’s proposals to counteract them. While numerous countries called for reforms to the EU’s energy market, Estonia and eight other member states declared this unnecessary in a joint statement.
According to Aas, the EU energy market works well, so any change would only slow the renewable energy investments that offer additional capacities.
Source: Baltic Times
Teltonika has announced it is halting the construction of its EUR 3.5bn High-Tech Hill park…
Hungary’s electricity market has become a focal point for speculative trading, driven by a combination…
Central and Eastern Europe (CEE) is a rising force in artificial intelligence (AI) and startups…
The European Commission (EC) analyses the accession prospects of all ten prospective members of the…
As Donald Trump officially declared his victory in the US election, he received congratulations from…
European leaders committed to developing a defence industry base and enhancing EU competitiveness at an…