EU adopts key reforms, but plenty of work remains

The EU institutions managed to press through key reforms to European energy markets in 2017, but much work remains to be done to fulfil the vision of an Energy Union The EU institutions managed to press through key reforms to European energy markets in 2017, but much work remains to be done to fulfil the vision of an Energy Union.
By Andreas Walstad 21 December 2017 0 28875
A woman wearing a breathing mask at an air quality protest in Brussels. An air quality protest in Brussels. The EU adopted a revised Air Quality Directive this year. (PA)

The EU adopted key legal changes this year to reform the energy sector, paving the way for closer integration of gas and power markets. But its vision of an Energy Union still seems far off. 

Perhaps the most eye-catching achievement was the reform of the Emissions Trading System in a move to tackle the huge surplus of carbon allowances, which is estimated at 1.7 billion. Twenty-four percent of surplus allowances will be put in a Market Stability Reserve each auctioning year for five years from...

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