Press Release: EBRD and ALEXBANK supports energy efficiency in Egypt

The EBRD and the European Investment Bank (EIB) are planning to support energy-efficient and renewable energy investment in Egypt through a financing package to ALEXBANK in the amount of up to US$ 30 million under the Green Economy Financing Facility (GEFF) for Egypt. The EBRD is providing a financing facility of up to US$ 15 million to ALEXBANK for on-lending to private companies for energy-efficiency and renewable energy projects. The EIB is expected to join the facility with an additional US$ 15 million in financing at a later stage and to team up with EBRD to further strengthen sustainable energy measures in Egypt. Full article…

Press Release: European Commission funded cooperation project between European and Chinese Organizations in nuclear safety successfully completed

A European Commission funded cooperation project between European and Chinese Organizations in the areas of preparedness for and management of radiological and nuclear emergency has been a great success. The project implemented in 2014-2017 under the auspices of the Instrument for Nuclear Safety Cooperation (INSC) has effectively supported the People’s Republic of China in enhancing their capacities and capabilities for the prevention and management of severe accidents and arrangements for emergency preparedness and response in the field of nuclear safety. Full article…

Press Release: Secretariat urges Moldova to apply Energy Community law when designing tariff methodologies

The Secretariat sent an Opening Letter to Moldova in Case ECS-9/17. Upon the review of a recent amendment to the electricity distribution tariff methodology, the Secretariat took the preliminary view that Moldova failed to implement relevant provisions and principles of Energy Community law, especially regarding cost-reflectivity and the independence of the regulator.

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EU Coordination Meeting: 14th meeting of the Council of the International Renewable Energy Agency (IRENA) (28-29 November 2017)

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In-Depth Analysis: EU relations with Armenia and Azerbaijan

The EU is currently reshaping its relationship with Armenia and Azerbaijan through new agreements for which the negotiations ended (Armenia) or started (Azerbaijan) in February 2017. After Yerevan’s decision to join the EAEU (thereby renouncing to sign an AA/DCFTA), the initialling of the CEPA provides a new impetus to EU-Armenia relations. It highlights Armenia’s lingering interest in developing closer ties with the EU and provides a vivid illustration of the EU’s readiness to respond to EaP countries’ specific needs and circumstances. The CEPA is also a clear indication that the EU has not engaged in a zero-sum game with Russia and is willing to exploit any opportunity to further its links with EaP countries. The launch of negotiations on a new EU-Azerbaijan agreement – in spite of serious political and human rights problems in the country – results from several intertwined factors, including the EU’s energy security needs and Baku’s increasing bargaining power. At this stage, Azerbaijan is interested only in forms of cooperation that are not challenging the political status quo. However, the decline in both world oil prices and domestic oil production in this country is creating bargaining opportunities for the EU in what promises to be a difficult negotiation.

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Belarus Stress Test National Report

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Agenda: Working Party on International Environment Issues (UNECE Espoo) (20 November)

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Press Release: EU Energy Day at COP 23 focuses on clean energy and the economy

The next EU Energy Day will take place on 16 November 2017 in Bonn, Germany, as part of the COP 23 UN Climate Change Conference. Its main theme is the potential of clean energy solutions for decarbonisation, economic growth and jobs.

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Speech by Commissioner Šefčovič at the EU Arab World summit in Athens

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OPP Meeting Summary: EP INTA Committee – Vote on Negotiations for a Convention establishing a multilateral court for the settlement of investment disputes (MIC) (9 November 2017)

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UPDATE – Press Release: Energy Union – Commission takes steps to extend common EU gas rules to import pipelines

Update – the legislative proposal is available.

To improve the functioning of the EU internal energy market and enhance solidarity between Member States, the Commission today proposed to amend the EU Gas Directive.

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Report from the Commission to the European Parliament and the Council on the exercise of the power to adopt delegated acts conferred on the Commission pursuant to Directive 2013/30/EU on safety of offshore oil and gas operations Directive 2013/30/EU

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Press Release: IEA Ministers invite Mexico to become agency’s 30th member

Ministers representing the International Energy Agency’s 29 member countries unanimously endorsed the rapid steps Mexico was taking to become the next member of the IEA, expanding membership to Latin America and providing a major boost for global energy governance. Full article…

Agenda: Working Party on Energy (10 November 2017)

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EU Fact Sheet: Central Asia

The EU’s Central Asia strategy, which was last reviewed in 2015, celebrates its 10th anniversary this year. It aims to achieve stability and prosperity, while promoting open societies, the rule of law, democratisation, and cooperation on energy security and diversification. Parliament has highlighted the importance of human rights, good governance and social development. Levels of development and democratisation in these countries vary greatly and the EU tailors its approach accordingly.

Full article…

Press Release: IEA holds global summit on carbon capture with leading energy ministers and CEOs

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. Full article…

Press Release: EBRD, EU and Austria support greener future in Bosnia and Herzegovina

The EBRD, the European Union (EU) and the Austrian Federal Ministry of Finance have launched a joint programme to support energy efficiency investment in the residential housing sector in Bosnia and Herzegovina. The EBRD has committed a total of €17 million to Unicredit Bank Mostar, Unicredit Bank Banja Luka and Sparkasse Bank, which the banks will use to on-lend to clients investing in energy efficiency projects in residential buildings.

Full article…

Press Release: IEA launches the Clean Energy Transitions Programme to support clean-energy development

The International Energy Agency announced today the launch of the Clean Energy Transitions Programme, a new multi-year, EUR 30 million plan backed by 13 countries to support clean energy transitions around the world.  Full article…

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