In this special briefing for viEUws.eu, energy journalist Hughes Belin picks out the top 5 energy issues that will be discussed by the European institutions under the Latvian Presidency of the Council of the European Union. … [Read more...]
South Stream Is Dead. Long Live South Stream
South Stream is not dead â rather it has morphed into a new project which is part of a complex commercial power play on the part of Russia and Turkey, writes Anca Elena Mihalache, Senior Analyst with the Romanian think tank Energy Policy Group. According to Mihalache, the new South Stream, if it happens, will offer new opportunities to Europe, but also new threats. In particular, the EU will see its diversification strategy come under pressure … [Read more...]
UK capacity market: success for new gas, old coal
A new government policy designed to ensure the UK's future energy supply appears to have successfully incentivised companies to build over two gigawatts of new gas power, to sit alongside nine gigawatts of coal and biomass power. It should ensure the UK will have at least 48.6 gigawatts of fossil fuel power stations available in 2018. … [Read more...]
The EU readies to overhaul its energy governance
The reach and power of the EU and its institutions are up for serious debate as Europe prepares to enter into an âEnergy Unionâ. The European Commission plans to publish its vision for such a Union by the end of February. But already member states and Members of the European Parliament are weighing in with their own ideas of what Europe should prioritise â and who should be in charge. Sonja van Renssen reports from Brussels. … [Read more...]
Emission trading now a major new source of low-carbon finance in the EU â but will it stay that way?
Last year for the first time many of the CO2 allowances in the EU Emission Trading Scheme (ETS) were auctioned rather than handed out for free. Surprisingly perhaps, the EU member states used much more of the ETS revenues for low-carbon development than EU law suggests they should. This suggests that the ETS could become a major source of low-carbon finance in the future, writes Emil Dimantchev, senior analyst at Thomson Reuters. But Dimantchev … [Read more...]
EU issues work plan for 2015 â with pared down priorities
The number one priority for Team Juncker is a âŹ315-billion investment plan for Europe. Second, is âbetter regulationâ. First Vice-President Frans Timmermans presented the European Commissionâs 2015 work programme to MEPs in Strasbourg on 16 December. Energy Post looks at the new initiatives, scrapped initiatives and those that hang in the balance for energy and climate policy. … [Read more...]
Ukraineâs coal power plants need a planned phase out, not CCS
There are discussions in Ukraine about equipping coal-fired power plants with carbon capture and storage (CCS) to make them conform to EU climate rules. But according to Oleg Savitsky, climate and energy campaigner at the National Ecological Center of Ukraine, this is not a good idea. Ukraine has a vast overcapacity of obsolete coal power plants that should be closed down, not kept alive. That would also help the country get rid of the massive … [Read more...]
Energy security: Brussels, stop dreaming about the market and confront Russia and China geopolitically
European leaders are under the delusion that they can solve Europeâs security of energy supply problem by creating a strong internal market, which they believe the rest of the world will be eager to serve. In reality, reducing dependence on Russia will require long-term political commitment, real power play and engagement with countries in the Middle East and North Africa (MENA), write Cyril Widdershoven of energy research institute TNO and … [Read more...]
viEUws VIDEO: Brussels Briefing on Energy: All you need to know for December 2014
In this Brussels Briefing on Energy for viEUws.eu, leading journalist Hughes Belin provides an overview of the latest EU energy policy developments: … [Read more...]
EXCLUSIVE – new Vattenfall CEO Magnus Hall: âWhat is true for Eon, is pretty much true for usâ
Vattenfallâs CEO Magnus Hall likens the selling of its lignite operations in Germany to Eonâs recent split in two. âThe problem we needed to solve was the CO2 issue,â says Hall in an exclusive interview with Energy Post. The new chief of the Swedish state-owned company has abandoned the idea of splitting up the company geographically. Its future lies in sustainability, says Hall, e.g. in offshore wind. He notes the European market is distorted by … [Read more...]
Putin’s gas gambit: what’s next after South Stream
The Russian cancellation of South Stream is not an end, but a beginning: a new start of Russian gas games in Europe and beyond, writes Agata Ćoskot-Strachota of the Centre for Eastern Studies (OSW) in Poland. She discusses three likely scenarios for what will happen after South Stream and notes that this is a chance for Russia and Europe to look afresh at their bilateral gas relations and new pipeline options. But, she adds, it also makes it … [Read more...]
Cancellation of South Stream is not retaliation, but a business decision
The decision to stop the South Stream project does not represent a fundamental shift in Russian energy policy, writes Friedbert PflĂŒger, Director of the European Centre for Energy and Resource Security (EUCERS) at Kingâs College London. It is not a political retaliation or a âcounter-sanctionâ, but above all a business decision: South Stream had become far too expensive in the current stagnant European gas market. … [Read more...]
Gazprom CEO Alexei Miller: âThis is the beginning of the end of Gazpromâs business model in Europeâ
Following last weekâs announcement on the South Stream project cancellation, last Saturday (6/12) Gazprom CEO Alexei Miller gave an extensive interview to a major Russian TV channel, Russia 24. In his interview Mr Miller explains the reasons for abandoning South Stream, outlines Gazpromâs prospects of the new gas delivery route through Turkey and touches upon the projectâs financial aspects. … [Read more...]
What Eon and Gazprom have in common
What does Eonâs change in corporate strategy and Gazpromâs decision not to build South Stream have in common? Quite a lot. Both decisions are responses to the increasing speed in which Europe is moving towards a low-carbon society. Both are also bold and risky decisions for the two companies involved. The rest of us probably need not be (too) concerned, writes Energy Post editor Karel Beckman. … [Read more...]
IEA: coal, nuclear, shale should be part of EU energy mix, Energy Union should not be buyersâ cartel
The European Union âhas made progress in liberalising energy markets, and its global leadership on climate change is to be commendedâ, the International Energy Agency (IEA) said today as it released its review of EU energy policies. But the IEA also had criticisms to make. … [Read more...]
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