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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
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. Interfax asked her about the challenges ahead for a common EU energy policy.

28 March 2012
Environmental Policy

EU calls for global cooperation on nuclear safety

The European Commission has called on the international community to strengthen safety measures at nuclear power plants and for cross-border cooperation in the wake of the Fukushima accident in Japan.

27 March 2012
Environmental Policy

Renewables action casts further doubt over targets

The failure of three member states to notify the Commission that they have incorporated the EU directive on renewable energy into national law has cast further doubt over the EU’s binding renewables targets for 2020.

27 March 2012
Market Legislation

Renewables communication sparks market-functioning debate

The drafting of a European Commission communication on a binding renewable energy target for 2030 has provoked an intense internal debate on the possible dangers prolonging EU target-driven national renewable subsidy schemes could pose to a competitive internal energy market, a Commission source has said.

26 March 2012
Market Legislation

Commission insists on Hungarian TSO’s ownership unbundling

The European Commission will reject a possible Hungarian application to exempt its new gas transmission system operator from ownership unbundling provisions in the Third Energy Market Liberalisation Package, an EU source has told Energy Monitor.

26 March 2012
Environmental Policy

CCS uncertainty jeopardises EU climate targets

The EU’s ambitious climate targets for beyond 2020 are only achievable with carbon capture and storage technology, but there is growing scepticism it will be commercially viable on a large scale.

23 March 2012
Market Legislation

TSOs, EC discuss harmonisation of phase-shifter use

More EU-level harmonisation is needed for the use of phase shifting transformers (PSTs) that transmission system operators (TSOs) install on their power grid in order to control unscheduled electricity flows – mainly from renewables – at their borders, Tahir Kapetanovic, an expert at Austrian Power Grid said on Monday.

22 March 2012
Market Legislation

EP keeps up pressure for setting aside excess ETS allowances

The European Commission needs to be bold enough to table a formal proposal for setting aside excess emissions credits in the next phase of the EU’s carbon emissions trading scheme (ETS), Matthias Groote, president of the European Parliament’s Environment Committee told a conference on Tuesday.

22 March 2012
Environmental Policy

Poland’s veto on climate goals is reality check for EU

Poland’s rejection of the EU’s ambitious emission reduction targets beyond 2020 proves just how hard it will be to achieve the vision of a decarbonised European economy by 2050.

21 March 2012
Energy Security

IGA debate intensifies as plenary vote nears

The EU debate on intergovernmental agreements in energy is gaining momentum with a final decision on the draft legislation expected this summer.

20 March 2012

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