The European Union plans to stop funding new oil and gas pipelines in future, as it switches the focus to promoting energy sources that are less harmful to the climate. Negotiators from the EU member states and the European Parliament agreed on Wednesday morning on a reform of the TEN-E …
Read More »The EU will Recognize Nuclear Energy and Natural Gas as Clean
The European Commission will classify nuclear energy and natural gas as clean fuels, giving them access to green finance. This was announced to the European edition “Politico” by the first vice-chairman of the Commission Frans Timmermans. In an interview published Thursday, Timmermans said: “I think we need to find a …
Read More »EU Softens towards Natural Gas in Energy Transition
The European Union will likely include natural gas in its energy transition plans as some member states that are heavily reliant on coal at the moment would need an “intermediary stage”, the head of the EU green deal team Frans Timmermans said, as quoted by Bloomberg. “We will have to …
Read More »Lavrov Disagrees with EU Call to Prohibit Oil Field Development in Arctic
Russian Foreign Minister Sergey Lavrov said he supported Norwegian Prime Minister Jonas Gahr Store’s criticism of the European Commission’s call to prohibit the development of new oil and gas fields in the Arctic region. “I agree with the opinion, expressed by Norwegian Prime Minister Store, who has already expressed his …
Read More »EU Holds Emergency Meeting on Energy in Luxembourg
European Union energy ministers are set for another spat over how to cushion consumers and companies from soaring power and natural gas prices, with political and legal constraints leaving little room for immediate action. At an emergency meeting in Luxembourg on Tuesday, the ministers will discuss how the EU could …
Read More »EU Says to Hold Nuclear Talks with Iran in Brussels this Week
The European Union’s top negotiator will meet his counterpart from Tehran this week in Brussels for talks on restarting negotiations over Iran’s nuclear deal, a spokesman for the bloc said on Monday. “I can confirm that a bilateral meeting with his Iranian counterpart is planned for this week,” spokesman Peter …
Read More »EU Commissioner Warns Energy Poverty in Europe could Rise
The EU’s jobs and social rights commissioner has warned of rising energy poverty in Europe as prices climb. Nicolas Schmit told dpa there are millions already who suffer from energy poverty in the bloc, and said the number could keep growing. The EU Commission could help EU countries limit the …
Read More »EU to Seek Ban on Oil and Gas Explotation in Arctic amidst Climate Crisis
The European Commission published Wednesday the “EU’s Arctic Strategy” outlining the EU’s goals within the arctic. These aims include prohibiting future mining of oil, coal, and gas in Arctic regions, given the current climate crisis. The Arctic Strategy states, “The EU is committed to ensuring that oil, coal, and gas …
Read More »Putin Denies Using Gas Supply as Weapon to Put Squeeze on EU
Russian President Vladimir Putin said Russia was not using gas supply as a weapon and was ready to help ease Europe’s energy crunch as the EU called an emergency summit to tackle skyrocketing prices. Energy demand has surged as economies have rebounded from the pandemic, driving up prices of oil, …
Read More »EU to Study Joint Natural Gas Buying as Response to Energy Price Spike
The European Union will look into an option for member states to jointly buy natural gas as the bloc considers ways to protect itself against surging energy prices, according to a draft document. The European Commission will this week publish a “toolbox” of measures that European Union countries can take …
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