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Environmental Policy

Industry calls on EC to prioritise gas

The gas industry has called on the European Commission to prioritise gas as a key tool in its long-term plans to decarbonise the EU economy.

25 April 2012
Market Legislation

Greece needs radical energy reform to boost economy

Energy policy in Greece has the potential to make a significant contribution to the country's economic recovery, but radical reform is needed to transform the industry, the European Commission said last week.

24 April 2012
Market Legislation

EU states should decide efficiency targets independently

Member states should be allowed to set national energy efficiency targets and decide how to best achieve them independently from the EU, Marta Margarit, general secretary of Spanish gas association Sedigas said on Monday.

24 April 2012
Market Legislation

Commission gets mandate to propose EU ETS corrections

European carbon emission prices rose to above €7 ($9.2) on Thursday after the EU Commission said it aims to bring forward a proposal for agreement by member states by the end of this year to curb the oversupply of carbon allowances in the EU Emissions Trading Scheme (ETS).

23 April 2012
Market Legislation

EU members warned against over-dependence

Flame conference delegates were told that EU member states should avoid over-dependence on long-term contracts and take care not to become too reliant on Russia, which may soon have good reason to export elsewhere.

20 April 2012
Environmental Policy

Lack of ambition on energy efficiency concerns EU

The lack of ambition by national governments in a revised version of the draft EU energy efficiency law may be an obstacle to the European Commission, Council and Parliament reaching a first reading agreement on the new legislation, according to a leaked Council document seen by Energy Monitor.

19 April 2012
Market Legislation

Gas industry speaks out against EU ETS

Players in the gas industry hit out hard against the EU’s Emission Trading Scheme at an industry event this week, arguing that the low price of carbon favours coal-fired power generation over lower-emitting gas-fired plants.

18 April 2012
Environmental Policy

Unbundling no remedy for lack of storage investment

The positive effects of unbundling and third-party access to gas storage facilities, as required under EU law, is being overshadowed by a lack of investment in new capacity, according to industry experts.

17 April 2012
Market Legislation

EU ETS needs urgent structural reform – Deutsche Bank

A structural reform of the EU Emission Trading Scheme (ETS) is urgently needed as the proposed set-aside of allowances is unlikely to be enough to boost prices in the long term, Deutsche Bank said in a report published on Friday.

13 April 2012
Market Legislation

EU rules on insider dealing yet to be harmonised

The extent of the overlap between different EU regulations that aim to stamp out insider dealing in energy and financial markets is still undecided and more work needs to be done to clarify how the rules apply under each framework, a senior member of the European Parliament told Interfax on Thursday.

13 April 2012
Market Legislation

Confusion reigns over Market Abuse Regulation

The EU wants to clamp down on market manipulation by strengthening the framework of the Market Abuse Directive, but the Parliament’s latest amendments to the proposed Regulation has raised many questions amongst stakeholders in the energy industry.

11 April 2012
Environmental Policy

Elgin incident may hasten new EU safety rules

The recent gas leak at the Elgin platform in the North Sea may speed up the adoption of new European Union rules that would strengthen safety requirements for offshore drilling, according to Fitch Ratings.

11 April 2012
Environmental Policy

EU negotiations to bridge disputes over Energy Efficiency Directive

The three major EU institutions will hold their first round of negotiations on the draft Energy Efficiency Directive on Wednesday, after member states approved the main elements of the negotiating mandate prepared by the Danish presidency of the EU Council on Tuesday.

10 April 2012
Environmental Policy

Environment ministers to debate ETS price crisis

Lower-than-expected EU greenhouse gas emissions data for 2011 and the subsequent drop in pollution prices has placed the issue of improving the bloc’s emissions trading scheme (ETS) firmly on the agenda of the informal meeting of EU environment ministers, which will be hosted by Denmark later this month.

5 April 2012
Environmental Policy

Disagreements delay energy efficiency vote

A final vote by the European Council and Parliament on the Energy Efficiency Directive will likely be delayed as a result of disagreements over binding targets and market intervention in the Emissions Trading System.

4 April 2012
Market Legislation

Energy firms count cost of new EU regulation

The European Market Infrastructure Regulation – which sets out to combat credit risk and improve transparency in over-the-counter (OTC) derivatives markets – could pose a significant administrative and financial burden on energy companies.

3 April 2012
Market Legislation

EU court backs Poland, Estonia in CO2 cap dispute

Poland’s victory over a decision by the European Commission to cap its carbon-dioxide emissions allowances quota was confirmed on Thursday by the European Court of Justice (ECJ).

2 April 2012
Market Legislation

All eyes on EU as carbon prices tumble

With carbon allowances trading at record-low levels, market participants are waiting for a decision by EU Council and Parliament on whether to give the Commission the go-ahead to set-aside allowances.

30 March 2012
Market Legislation

EC urges fast-track selection of infrastructure projects

EU member states should come up with draft regional lists of key Pan-European energy infrastructure projects by the end of this year, a senior European Commission official said on Wednesday.

29 March 2012
Environmental Policy

Energy efficiency directive to strengthen EU’s geopolitical standing

Niki Tzavela is a member of the European Parliament for Greece and is on the parliamentary committee for Industry, Research and Energy. Andreas Walstad asked her about the challenges ahead for a common EU energy policy.

28 March 2012

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