2021-06-16 11:10:00
TRANS EUROPEAN ENERGY NETWORKS €5.8 BLN
ENERDATA - 15 Jun 2021 - The Council of the European Union has revised the Trans-European Networks for Energy (TEN-E) Regulation, agreed on new rules for cross-border energy infrastructure and pledged over €5.8bn to finance Projects of Common Interest (PCI) in the period 2021-2027 as part of the second Connecting Europe Facility (CEF) scheme. The TEN-E rules governs cross-border energy infrastructure planning and help implement PCIs.
The EU plans to introduce mandatory sustainability criteria for all projects and to end support for new natural gas and oil projects. Dedicated hydrogen assets converted from gas can be used to transport or store a pre-defined blend of hydrogen with gas or biomethane during a transitional period until 31 December 2029, in order to progressively raise the share of renewable gases in the pipelines. The revised TEN-E regulation should focus its support on smart electricity grids and better uptake of renewable and low-carbon gases, including hydrogen. However, projects in the island countries of Malta and Cyprus with PCI status should retain support until those countries are fully connected to the European gas network.
-----
Earlier:
2021, June, 9, 12:40:00
EUROPEAN TRANSITION FUND €17.5BLN
The Council of the European Union has approved a regulation creating the €17.5bn Just Transition Fund (JTF).
2021, June, 8, 13:40:00
EUROPEAN EMISSIONS TRADING: EU ETS
The EU ETS represents one of the world’s largest CO2 markets. It caps emissions from about 10,000 power sector, industrial and aviation installations from all EU countries plus Iceland, Liechtenstein, Norway and Switzerland.
2021, May, 20, 13:50:00
EUROPE ENERGY TRANSITION FUND €17.5 BLN
20% of the funds should be directed to Poland, which accounts for over half of the EU's coal sector employees, followed by Germany (13%) and Romania (11%), provided the coal mining regions submit climate-friendly plans
2021, May, 19, 14:45:00
EUROPE'S GREEN ENERGY EUR1000 BLN
Foratom suggest the report can be a reference for policymakers when preparing national or regional low-carbon energy plans in the perspective of the EU Green Deal, that incorporates EUR1000 billion (USD1221 billion) of public and private investments planned to 2027.
2021, May, 5, 16:40:00
EUROPE HYDROGEN DEVELOPMENT
The EU has made green and digital the two pillars of its recovery plan, aiming to strengthen its leadership in the global fight against climate change, boost innovation and reduce dependence on imports of critical materials.
2021, April, 23, 11:30:00
EUROPEAN CLIMATE LAW
which enshrines the EU's commitment to reaching climate neutrality by 2050 and the intermediate target of reducing net greenhouse gas (GHG) emissions by at least 55% by 2030,
2021, April, 14, 12:05:00
EUROPE NEED €150 BLN PER YEAR
The financing for the EU economic plan, agreed at 750 billion euros in 2018 prices, but totalling around 800 billion euros at current prices,
