At the start of the third trading period (2013-2020), the EU Emissions Trading Scheme (ETS) was characterised by a large imbalance between supply and demand of allowances, resulting in a surplus of around 2 billion allowances that is expected to grow over the coming years to more than 2.6 billion allowances by 2020. The reason for this imbalance is primarily a mismatch between the auction supply of emission allowances, which is fixed in a very rigid manner, and demand for them, which is flexible and impacted by economic cycles, fossil fuel prices as well as other drivers.
Post date: 4 Mar 2015
Brussels, 26 February 2015. The Renewable Energy Directive (Directive 2009/28/EC on the promotion of the use of energy from renewable sources) aims at ensuring a 20% share of renewable energy in the EU by 2020. The Directive had to be transposed by the Member States by 5 December 2010.
Post date: 28 Feb 2015
On 25 February 2015, the European Commission officially adopted the European Energy Union Package and presented the first deliverables:
(a) a Communication on the Framework Strategy for a Resilient Energy Union with a Forward-Looking Climate Change Policy,
(b) a Communication on the EU position for the climate negotiations in Paris in December 2015 and
(c) a Communication on how to bring the EU's electricity interconnection level to 10% by 2020.
The European Council will discuss the Energy Union at its meeting in March 2015.
Post date: 25 Feb 2015
New EU energy efficiency rules for cooking appliances.The European Commission announced the introduction of three new Ecodesign measures for cooking appliances on 20 February, 2015.The measures cover increased energy efficiency, optimized functional performance and more transparent information for consumers. The measures will bring more efficient products to the market, and will give consumers the possibility to choose the best performing ones.This only applies to new products being offered for sale, not current stock on the shelves.
Post date: 25 Feb 2015
On 4 February 2015, the European Commission launched work on the Energy Union, a fundamental step towards the completion of a single energy market and reforming how Europe produces, transports and consumes energy. The work begun under this commission is right on time in accordance with some of the inherent energy issues of the European Union. The EU imports 55% of its energy. 90%of the housing stock in Europe is energy inefficient, the EU energy infrastracture is ageing and the internal energy makret is far from complete.
Post date: 9 Feb 2015