Energy union

Energy union

Description

Parliament approved updated rules to select which energy projects could receive EU funding and to align the existing regulation with the EU’s Green Deal. The draft law, already agreed with EU Ministers, will be debated and put to the vote on Tuesday. It sets the criteria and methodology for selecting energy projects of common interest (PCIs), such as high-voltage transmission lines, pipelines, energy storage facilities or smart grids, which would benefit from fast-track administrative procedures and be eligible to receive EU funds. The proposal for a regulation on the governance of the Energy Union is part of the 'Clean Energy for all Europeans' package. This package includes seven other legislative proposals to help deliver the EU 2030 climate and energy targets: reducing greenhouse gas emissions by 40% compared to 1990 levels; improvement of at least 27% in energy efficiency; and production of at least 27% of energy from renewable sources. A robust governance system for the Energy Union is deemed necessary to reach these targets and coordinate efforts, as well as for developing long-term strategies for decarbonisation.

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Date de l'événement19/04/2022