The Board of Directors of the European Investment Bank (EIB) has approved a loan request from Northvolt AB. The financing, a facility of up to EUR 52.5 million, is projected to be supported by InnovFin – EU Finance for Innovators’s Energy Demonstration Projects facility, with the financial backing of the European Union under Horizon 2020 Financial Instruments.
In September 2015, the SET Plan Communication, tackling the energy system in Europe as a whole and going beyond a ‘technology silos’ concept, translated the Energy Union Research, Innovation and Competitiveness priorities into 10 Actions. Since then, through a widely participatory process, national governments, industry and research actors, involving 154 umbrella organisations that represent 16 700 entities, have set ambitious R&I targets in each of the 10 priorities. The aim of these targets is to accelerate the decarbonisation of the energy systems, by making technologies cost-effective and better-performing. Reaching the targets will place Europe at the forefront of the next generation of low-carbon energy technologies and of energy efficiency, creating economic growth, jobs and increased competitiveness. It will also positively impact on the well-being of European citizens. The document focuses on the important progress achieved in the year following the Integrated SET Plan Communication of September 2015.
On 22 November, the Estonian presidency reached a provisional deal with European Parliament representatives on the adoption of a decision repealing and amending outdated EU environmental legislation and providing legal clarity on the reporting obligations related to environmental matters. Given the references in this decision to the Waste package, it has been decided to postpone the plenary vote in the European Parliament until an agreement on the new waste legislation is reached. The entry into force will therefore occur at the same time, thereby ensuring legal consistency.
Update: the minutes of the meeting are available.
Digitisation and its impact on jobs and skills, as well as measures to develop the European data economy are on the agenda. The meeting of the EEA Council will also be preceded by an informal political dialogue with the EEA EFTA States. The meeting will be chaired by Mr Sven Mikser, Minister for Foreign Affairs of Estonia. Discussions will focus on the implications for the EEA Agreement of the UK’s withdrawal from the EU and the Eastern Partnership.
The resurgence in oil and gas production from the United States, deep declines in the cost of renewables and growing electrification are changing the face of the global energy system and upending traditional ways of meeting energy demand, according to the World Energy Outlook 2017.
By the EPP Group.
The International Energy Agency held a high-level summit with energy ministers, government officials and chief executives of major energy companies to support a renewed push for investment in carbon capture, utilisation and storage (CCUS), a critical technology to tackle greenhouse gas emissions and meet global climate targets.
(required under Article 21 of Regulation (EU) No 525/2013 of the European Parliament and of the Council of 21 May 2013 on a mechanism for monitoring and reporting greenhouse gas emissions and for reporting other information at national and Union level relevant to climate change and repealing Decision No 280/2004/EC) (required under Article 21 of Regulation (EU) No 525/2013 of the European Parliament and of the Council of 21 May 2013 on a mechanism for monitoring and reporting greenhouse gas emissions and for reporting other information at national and Union level relevant to climate change and repealing Decision No 280/2004/EC)
The world’s energy leaders will meet in Paris this week for the 2017 IEA Ministerial Meeting. This high-level gathering of the IEA Family, including Ministers and Heads of Delegations from the IEA’s 29 members, as well as Association and Accession countries and top business executives, provides a unique opportunity to discuss the most pressing and important energy issues facing the world today.