Energy Policy

US and Germany spar over Nord Stream-2

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The US' Ambassador to Germany, Richard Grenell, has reportedly sent letters to German companies building the Russia-backed Nord Stream-2 pipeline, warning them that they risk being subjected to "significant sanctions" if they did not pull out...

EU energy policy to boost security of supply in the Balkans

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ATHENS – The European Union and member states need to work together to increase energy security, which is a goal that will be continued during Romania’s six month EU Presidency. “Yes, definitely, we need to...

Investors press Brussels to abandon coal-generated electricity

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A group of 95 Institutional Investors group overseeing more than €10 trillion in assets are calling for an end to the use of coal in Europe and industrialised nations by 2030. The letter was also...

EU electricity market rules deal wraps up Clean Energy package

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After marathon negotiations, new rules for making the EU’s electricity market work better have been provisionally agreed by negotiators from the European Council, the Parliament and the Commission in the early hours of December...

Greece, Cyprus, Israel to discuss gas exports to Europe

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A trilateral Greece-Cyprus-Israel summit will take place in Beersheba on December 20 where host Israel’s Prime Minister Benjamin Netanyahu, his Greek counterpart Alexis Tsipras, and Cyprus President Nicos Anastasiades are expected to boost cooperation...

Kerch Strait closure calls Russian projects in Europe into question

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Russia’s seizure of Ukrainian ships in the Kerch Strait - the narrow passage the separates the Sea of Azov from the Black Sea and strategically separates Ukraine's occupied Crimea region from the Russian mainland...

US calls on Germany to drop Nord Stream-2, warns companies of sanctions risk

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The United States urged Germany to drop its political support for Russian monopoly Gazprom’s Nord Stream-2 project and warned companies that are involved in the construction of the gas pipeline that they face the risk...

European and East Med energy regulators sign cooperation arrangement

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At a signing ceremony held in Vienna on December 12, three regional associations of energy regulatory authorities signed a cooperation arrangement that will strengthen regulatory cooperation between energy regulators across Europe through to the...

In Katowice, EU wants to finalise Paris Agreement rules

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The European Commission said on December 3 that this year's UN climate conference would be a key moment for implementation of the Paris Agreement, with Parties aiming to finalize detailed rules that will enable...

Crete-Peloponnese interconnector to end energy isolation of Greek island

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A project to connect Crete with the Peloponnese via an underwater cable that will put an end to the electrical isolation of the Greek island from the mainland electricity transmission system took an important...

EU wants a climate neutral Europe by 2050

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A few days before the COP24 climate conference starts in Katowice in Poland, the European Commission adopted on November 28 a strategic long-term vision for a prosperous, modern, competitive and climate neutral economy by...

Bulgaria to increase investment in renewables step by step

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AMSTERDAM - Bulgaria plans to achieve its 2030 climate targets by increasing investment in the energy sector and renewables step by step, Bulgaria’s Deputy Energy Minister Zhecho Stankov told New Europe. “We’re very proud that...

Morocco’s renewable resources connect Europe and Africa

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OUARZAZATE, Morocco – Not far from the Sahara desert and the High Atlas Mountains, many solar panel rows are lined up on a bare plateau at an elevation of 1,300 meters as part of...

Ahead of EU’s climate strategy, corporates call for direct investment in renewables

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AMSTERDAM – The European Union is the first jurisdiction in the world to legislate that there should be no administrative or regulative barriers to corporate renewable power purchase agreements (PPAs), WindEurope CEO Giles Dickson...

US warns EU of harsh consequences if Iran sanctions are circumvented

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Speaking from the internationally recognised Israeli capital Tel Aviv, US Special Representative Brian Hook issued a harsh warning to European banks and firms who continue to engage in a special European Union initiative that protects trade...

Why “data is the new oil” and what happens when energy meets Industry 4.0

It is clear that in today’s world, information is the new precious commodity. In the era known as the ‘Fourth Industrial Revolution’, companies are looking to take advantage of robotics, artificial intelligence, big data...

EU Commissioner calls for more prevention to deal with climate change

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BRUSSELS – Contrary to US President Donald J Trump’s arguments, climate change is real and Europe should lead the way in taking preventive measures to mitigate the consequences of global warming, EU Humanitarian Aid...

EU supports clean energy transition in island communities

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The EU Islands Secretariat launched on November 5 a call for expression of interest to EU's islands wishing to receive support to plan, prepare or advance their clean energy transition. The Secretariat will support up...

Romania in need of reform to harness wind energy

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Romania should harness onshore wind to meet growing demand for electricity instead of investing in conventional power, WindEurope CEO Giles Dickson told the annual meeting of the Romanian Wind Energy Association in Bucharest on...

Fears of a supply glut next spring weakens oil prices

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The oil price is weakening because of fears of a supply glut next spring, Chris Weafer, senior partner at Macro-Advisory in Moscow, told New Europe on October 30. Despite US sanctions on Iranian exports that...

We need to talk about oil & gas

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Recently, the chief executive officer of oil-and-gas giant BP, Bob Dudley, stated that “the oil prices in the world are too high and it’s unhealthy for the world.” Speaking at a conference in the...

EU, UN seek compromise ahead of COP24 climate talks

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Global greenhouse gas emissions are - yet again - set to increase in 2018 and “aggressive action” is needed to peak emissions, mainly with the help of energy efficiency and renewables, the International Energy...

With an eye on Nord Stream-2, EU Gas Directive debate heats up

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The European Union debate on the on-going revision process of the Gas Directive continues as businesses and companies are concerned that changes will affect rules on existing and new pipelines with non-EU countries, including...

Sustainable portfolio steering

Recent landmark sustainability agreements, such as the G7’s commitment to decarbonizing the global economy and the United Nations’ Sustainable Development Goals, confirm that sustainable development is top of the agenda for governments around the...

EU and Bill Gates launch clean energy fund to tackle climate change

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The European Commission and Breakthrough Energy, led by Bill Gates, launched on October 17 a new investment fund – Breakthrough Energy Europe – to help innovative European companies develop and bring radically new clean...

Trump establishes US International Development Finance Corporation

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President Donald J. Trump quietly approved the creation of a new foreign assistance agency on October 5, named the United States International Development Finance Corporation (IDFC). Several existing US agencies will be combined to form...

EU Council adopts conclusions on climate change

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Ahead of COP24, the European Union environment ministers on October 9 agreed their position on climate change. The Council adopted conclusions on climate change that emphasize the unprecedented urgency, which is needed to step...

UN and EU urge world to limit global warming to 1.5°C

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The Intergovernmental Panel on Climate Change (IPCC) issued its Special Report on October 8 on the impacts of global warming of 1.5 °C above pre-industrial levels and related global greenhouse gas emission pathways. EU Climate...

EU regions scale-up joint projects in advanced materials for batteries

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An interregional partnership will receive tailored support from the European Commission to develop and scale-up joint projects in advanced materials for batteries, under the smart specialisation pilot action for interregional innovation, the EC said...

In Greece, EU sees transition to sustainability, energy security

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ATHENS – Greece’s energy sector is a vital pillar of the transition to sustainable growth and has helped boost the EU’s energy security, European Commission Vice President for Energy Union Maroš Šefčovič has said. Speaking...

How will Central and Eastern Europe respond to a far more impactful (mobility) transition?

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The transition to low emission mobility is key to achieving Europe’s energy and climate objectives and easily the most difficult. Whereas decarbonisation of sectors like agriculture and buildings are relatively straightforward with established financial...

EU works with cities to accelerate disruptive clean technologies’ deployment

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European Commission Vice-President for Energy Union Maroš Šefčovič highlighted a series of decisive, tailor-made steps taken in support of Europe's coal and carbon-intensive regions as well as the work carried out with cities to...

EU to discuss future of global wind energy in Hamburg

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HAMBURG - The European Union is seeing an increased role for wind energy as the bloc’s tries to lead efforts to tackle climate change and reduce emissions. Climate Action and Energy Commissioner Miguel Arias Cañete...

BP: Global LNG supplies more than doubling by 2040

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ATHENS – Global liquefied natural gas (LNG) supplies will more than double by 2040, a BP economist told New Europe. “The sustained growth in LNG supplies greatly increases the availability of gas around the world,...

Cañete: EU clean energy transition must remain beneficial for consumers

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The clean energy transition is a must, European Climate Action and Energy Commissioner Miguel Arias Cañete told the 10th Citizens' Energy Forum in Dublin on September 20, noting that two thirds of carbon dioxide...

EU Commission President backs target cuts for CO2 emissions by 2030

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The European Union has proved its global responsibility by “relentlessly defending the Paris Agreement on climate change,” European Commission President Jean-Claude Juncker said in his state of the union speech at the European Parliament...

Global Covenant of Mayors agree emissions cuts equal to removing all US cars off...

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Leading up to the Global Climate Action Summit, the Global Covenant of Mayors for Climate & Energy (GCoM) on September 10 announced that the collective impact of current commitments made by cities and local...