Tackling Energy Prices

Esther de Lange

The EPP Group has adopted a position paper calling for concrete measures to address the dramatic rise of prices. Energy and food prices, together with the rise of inflation, squeeze consumer purchasing power and businesses. Among the proposals, EPP Group MEPs ask Member States to present a clear agenda for investments in EU energy infrastructure, a…

Commission Statement on Energy Crisis

The European Commission, on behalf of the EU, has proposed a further €5 billion in macro-financial assistance (MFA) loans to Ukraine. It says this is the second part of the exceptional MFA package of up to €9 billion announced by the Commission  of 18 May 2022 and endorsed by the European Council of 23-24 June. The…

Transatlantic Energy Revolution

The EU and the US are on the cusp of an energy revolution, a panel held by Friends of Europe’s European Young Leaders (EYL40) programme discussed in Lisbon on Friday. The Transatlantic Climate Dialogue panel, which was made up of European and American climate entrepreneurs, innovators, public officials, and energy figureheads, came together to agree…

Energy Council

The Czech Presidency of the Council of the EU held an extraordinary meeting of the Energy Ministers this weekend to discuss emergency measures to mitigate the extremely high energy prices.  The dramatic deterioration of the situation on the gas and electricity markets is exposing a large number of European companies to unaffordable energy prices.  Many enterprises…

Tackling Manipulation of the EU’s Gas Market

The Socialists and Democrats in the European Parliament insist it is imperative that energy ministers tackle the issue of manipulations with gas on the European internal market.  Otherwise, they say, “it is clear that other measures, like reducing electricity consumption, caps on energy commodities imported from third countries or allowing state guarantees, will have no…

Baltic Energy Security Summit

Baltic Energy Security Summit

Commission President Ursula von der Leyen and Commissioner for Energy, Kadri Simson, participated in the Baltic Sea Summit in Copenhagen on Wednesday. It ended with Denmark, Germany, Estonia, Latvia, Lithuania, Poland, Finland and Sweden signing a declaration committing to multiplying by seven the current offshore wind capacity of the region, up to 20 gigawatts by 2030.  At the concluding…

Finland Compensates Energy Intensive Companies

The European Commission has approved, under EU State aid rules, a €687 million Finnish scheme to partially compensate energy-intensive companies for higher electricity prices resulting from the impact of carbon prices on electricity generation costs (so-called ‘indirect emission costs’), incurred between 2021 and 2025, under the EU Emission Trading System (‘ETS’).  The measure will benefit…

Nuclear Friendship

NPP

Nuclear specialists have always been proud of belonging to the industry, feeling a certain superiority over representatives of other generations. They have in their hands not only the safe operation of the most complex equipment, but also the responsibility for the lives of people, without exaggeration, of the entire world. Without belittling the merits of…