Policy & Regulation

Gas sector awaits EU review of energy finance

The gas industry is holding its breath ahead of the European Commission’s review of sustainable finance in energy The gas industry is holding its breath ahead of the European Commission’s review of sustainable finance in energy.
By Andreas Walstad 31 August 2017 0 27408
Section of pipeline to Swinoujscie, Poland. Future projects may struggle to find funding. (Gaz-System)

Gas infrastructure projects may struggle to raise financing in the future if the European Commission adopts plans to tighten the criteria for public lending to fossil fuels.

Stakeholders in the energy industry have until 20 September to respond to a set of recommendations outlined by a commission-appointed expert group that would reduce funding for fossil fuel projects.

The high-level working group on sustainable finance – which consists of 20 senior experts appointed by the commission – said in its interim report published last month that...