Today, the Commission decided to send letters of formal notice to Austria, Finland, Germany, Hungary, Romania, Slovakia and Spain and for failing to correctly transpose or implement certain requirements of the Energy Efficiency Directive. These Member States now have two months to reply to the arguments raised by the Commission; otherwise, the Commission may decide to send a reasoned opinion.
Rudy De Leeuw, member of the EESC, rapporteur of the opinion on the European finance-climate pact voted in the plenary session in October 2018, affirmed during a meeting on 8 November with journalists that Europe needs to do more in terms of budget and investments to fight the climate change and its effects. But far from being a burden, this challenge has also a positive side: “The finance-climate pact is a necessity, but also an opportunity for Europe”.
The EIB-European Investment Advisory Hub, in conjunction with the European Commission, the SBCI and the government funded Sustainable Energy Authority of Ireland (SEAI), today hosted an event in Dublin examining how energy efficiency is financed in Europe. The Minister for Communications, Climate Action and the Environment, Richard Bruton T.D. attended the event which highlighted the importance of providing low cost finance options for homeowners and businesses if ambitious targets for energy saving are to be met.
Today’s workshop organized jointly by the Energy Community and the International Renewable Energy Agency (IRENA) was able to capture the key challenges and opportunities linked with the grid integration of variable renewable energy sources, like wind or solar. The workshop identified the current and future energy trends, concluding that a complete transformation of the power sector is inevitable with the expected large-scale deployment of renewables. Coordinated early planning for a system with a higher share of renewable energy could avoid making costly investment mistakes.
The fourth Symposium on Gas and Coal Market Outlooks was held in Paris yesterday by the International Energy Agency (IEA), the International Energy Forum (IEF) and the Organization of the Petroleum Exporting Countries (OPEC) to exchange views and compare outlooks for natural gas and coal markets in the short, medium and long term.
The forum’s agenda focused on finding ways to accelerate the clean energy transition in islands by making them frontrunners in the transformation of their energy systems. This shift must ensure secure and competitive energy is delivered whilst also bringing benefits to local economies and deploying innovative clean energy technologies. The forum discussed achievements since the launch of the Initiative one year ago, the experience of clean energy transition of outermost regions, progress on technologies supporting the clean energy transition, the recently launched Secretariat supporting the Initiative, as well as the importance of stakeholders’ engagement in the clean energy transition.
Under new rules agreed by Parliament and national governments, at least 32% of the EU’s energy consumption in 2030 will have to come from renewable sources, such as the sun or wind. EU countries will also have to ensure that at least 14% of their transport fuels come from renewable sources.
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