The Austrian Presidency of the EU will aim to reach agreement on two flagship pieces of legislation during its six-month stint at the EU helm – including new CO2 emissions standards for new cars and vans for 2030 and a controversial reform of the electricity market.
The European Union inched forward on Monday (11 June) in redefining the role of ACER, the EU Agency for the Cooperation of Energy Regulators. But more discussions still lie ahead, with some EU countries worried about “unlimited competences” granted to the agency.
Europe's underdeveloped power grid infrastructure means that a surplus of electricity cannot be traded across borders, wasting renewable energy in countries that produce more than they consume, write Jo Leinen and Werner Langen.
The liberalisation of European gas markets is widely recognised as a major success by industry analysts. But EU politicians are reluctant to celebrate it because liberalisation on its own has failed to deliver on another key objective – supply diversification. Ironically, Europe is now more dependent on Russian gas than ever.
Ahead of a reform of the EU rules to cover offshore gas pipelines, in its latest attempt to regulate Russia’s planned Nord Stream 2 pipeline, Danila Bochkarev offered his comments.