The European Investment Bank approved a total of EUR 12.6 billion of new financing for 83 projects located across Europe, Asia, Latin America and Africa. This represents a record level of new support ever agreed at a monthly meeting of the EIB Board of Directors.
The European Fund for Strategic Investments (EFSI) has mobilised €335 billion in additional investment across the EU since July 2015. The Juncker Plan has made a clear impact on the EU economy and revolutionised the way innovation is financed in Europe.
The European Commission has launched a public consultation on a strategy for long-term EU greenhouse gas emissions reduction. All interested citizens and stakeholders can send their contributions by 9 October 2018.
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.
The agenda includes preparations for the Coreper meeting on 18 July 2018, planning for forthcoming Coreper meetings and an update of college activities.
Today, the EU Member States agreed on a Commission proposal to invest €48.4 million in several key European energy infrastructure projects. The EU funding comes from the Connecting Europe Facility (CEF), the European support programme for trans-European infrastructure, and in particular from its energy window (CEF-Energy).
Today’s discussions focused on energy infrastructure, innovation and transitions as important means of promoting transparent, open and secure energy markets.
The Madrid Forum was set up to discuss issues regarding the creation of the internal gas market. Currently it is addressing the implementation of the network codes and the cross-border trade of gas, in particular the allocation and management of scarce interconnection capacity and other technical and commercial barriers to the creation of a fully operational internal gas market.