Today’s EU4Energy High Level Policy Talks bring together Moldovan and Ukrainian stakeholders to discuss the path towards further electricity market integration between the two countries in line with the EU energy acquis.
Yesterday, the Parliament of Moldova adopted a new Energy Efficiency Law aimed at transposing Energy Efficiency Directive EU/2012/27. This brings to an end a nearly two-year process in which the Energy Community Secretariat was strongly involved to ensure the law’s compliance with the Energy Community energy efficiency acquis.
An EU funded study, realized with the support and active engagement of the Energy Community Secretariat, has confirmed the financial viability of the south gas interconnector between Bosnia and Herzegovina and Croatia.
EU-funded researchers are boosting energy cooperation between the EU and nearby countries to the south and east, advancing knowledge on integrating renewables into energy systems, as well as researching improvements in energy efficiency.
The EBRD is supporting SDX Energy Morocco with a loan of up to €10 million to finance the enhancement of upstream gas production and related gas transport infrastructure to Kenitra industrial zone customers, facilitating the switch away from polluting fuel oil. As a result, a reduction of 20,000 tonnes in CO2 emissions per year is anticipated.
Global energy investment totalled USD 1.8 trillion in 2017, a 2% decline in real terms from the previous year, according to the World Energy Investment 2018 report. More than USD 750 billion went to the electricity sector while USD 715 billion was spent on oil and gas supply globally.
Today’s discussions focused on energy infrastructure, innovation and transitions as important means of promoting transparent, open and secure energy markets.