Today’s European energy market is still poorly interconnected and neither open nor competitive, writes former European Parliament President and former Prime Minister of Poland Jerzy Buzek, currently a Member of the European Parliament. Moreover, energy prices in the EU are much higher than in China and the US and are increasing. According to Burzek, a truly harmonised common energy market and coordinated investment in infrastructure are vital if … [Read more...]
State aid for nuclear? Are you kidding?
EU Competition Commissioner JoaquĂn Almunia has provoked a hot debate in Brussels this summer, by proposing to authorise state aid for nuclear power. This comes at the same time that the European Commission is reflecting on how to reduce subsidies for renewables, in line with their increasing maturity. Hughes Belin reports from Brussels. … [Read more...]
The three ages of Europe’s single electricity market
It is still far from perfect and has been painfully slow in taking shape, but an EU-wide power market has now emerged. Jean-Michel Glachant, Director of the European University Institute's Florence School of Regulation where he holds the Loyola de Palacio Chair, nevertheless warns that renewable energy and a “smarter” grid remain challenges to its further development. Photo by Filter Forge via Flickr … [Read more...]
EU internal energy market top priority for Lithuania
By Sonja van Renssen and Hughes Belin Expectations hang heavy over the EU’s autumn agenda for energy and climate policy. The internal energy market, grid investments, the broken EU Emission Trading Scheme, the future of nuclear, a dogged debate over indirect land-use change (ILUC), and a new climate and energy policy for 2030 are only just held at bay by July’s unusually balmy weather here in Brussels. Sonja van Renssen and Hughes Belin look … [Read more...]
Integrating energy and climate policy for low-carbon growth in Europe
Europe’s efforts to control emissions are failing, yet the necessary technologies are already here – decarbonising the power system and then using it to run more of our economy is the key, say Johannes Meier, CEO of the European Climate Foundation, and Arne Mogren, Director of the European Climate Foundation’s Power Programme and Member of the Energy Roadmap 2050 ad hoc Advisory Group. Photo: Avedøre power plant, Denmark (by Martin Nicolaj … [Read more...]
EIB cleans up its energy lending policy
The European Investment Bank (EIB) intends to place stricter CO2 emission standards on coal power plants that it finances, but not as strict as the standards president Obama recently proposed in the US. The EIB is also considering investing in shale gas projects, according to a draft of its new energy lending policy. NGOs accuse the EIB of a “missed opportunity to politically reject coal”. With the EBRD and World Bank also mulling new investment … [Read more...]
Europe’s unresolved energy versus climate policy dilemma
The creation of a pan-European energy market is being undermined by member states’ reluctance to align their national renewable energy policies, or to rely on their neighbours for back-up capacity, writes David Buchan, Senior Research Fellow of the Oxford Institute for Energy Studies. According to Buchan, “the Commission now has to take a very strong stand if it is to regain control over the forces of disintegration that it failed to anticipate … [Read more...]
How to profit from rising energy prices in Russia
Russia offers great potential for European companies to invest in energy efficiency, renewable energy and electricity production, writes Alexander Gusev of the German Institute for International and Security Affairs (Stiftung Wissenschaft und Politik). Rising prices in Russia stimulate energy-saving programs by companies and increase the populatiry of decentralized generation. But major problems, such as an incomplete legal basis and bureaucracy, … [Read more...]
Energy Post Reviews (I)
In this space we will regularly review new publications – to keep you abreast of what is going in energy markets – and hopefully save you some time. This first installment of our Review Service discusses four recent reports that deal with the manifold problems in the (European) electricity sector. They even offer some advice – but not much. Photo: azza bazoo … [Read more...]
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