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February 3, 2023
BUSINESS

EC: European Energy Union proposed instead of energy strategy

It seems that coming up with a European Energy Strategy is a difficult to attain goal. Although most of the member states were expecting the EC to at least spell out minimum measures for what ensuring energy security should mean, the proposal for the European Energy Union was presented instead on February 25.

We have read the strategy for the Energy Union and we saw nothing spectacular in it. Just a listing of goals and, maybe, of environment protection measures.

The EC itself tells us what the Energy Union basically means. Here it is:

–          Solidarity: lowering dependence on single suppliers and using to the fullest the energy supplied by neighbouring states, accompanied by enhancing transparency in what concerns agreements reached with third parties

–          Energy flows equivalent to a fifth freedom: the free flow of energy across borders, the redefining of the electricity market, the dramatic revision of state intervention on the internal market and the gradual elimination of subsidies that damage the environment;

–          Energy efficiency first and foremost: its fundamental redefining and regarding it as a source of energy in itself;

–          The transition to a sustainable society with low carbon emissions: guaranteeing the fact that the locally-produced energy can be easily and efficiently absorbed by the grid, as well as developing the next generation of technologies.

The measures proposed by the European Commission include:

  • A framework strategy for a robust Energy Union, doubled by a forward-looking climate change policy. It sets the goals as well as the detailed stages that the Juncker Commission will pursue in order to attain them.
  • A communication concerning interconnection, centred on the measures needed to attain the goal of seeing at least 10 per cent of a member state’s electricity production capacity able to cross borders by 2020.
  • A communication that sets the vision for a transparent, dynamic and legally binding global climate agreement that will be discussed in Paris in December 2015.

 

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