+33(0)1 42 54 60 64 | contact@welcomeurope.com

Focus on the Energy Union

The Strategic Framework for Energy Union was adopted by the European Commission on February 25, 2015.

The Strategic Framework for Energy Union was adopted by the European Commission on February 25, 2015.

The elements of this strategy were presented on Friday, February 27, 2015 by the Vice-President of the European Commission in charge of Energy Union, Maroš Šefčovič. He emphasized four points that will constitute the pillars of the Union:

– The issue of energy security, which will be based specifically on diversification of imported energy sources, for instance the intensification of work on the Southern Gas Corridor, or the development of gas infrastructure thanks to the European Fund for Strategic Investments.

– Free flow of energy in Europe, which will require the introduction of new legislation strengthening the European regulatory framework including the Agency for the Cooperation of Energy Regulators, the development of infrastructure projects and the coordination of national policies. This will also require to strengthen the European energy network: the list of 248 “projects of common interest” linked to this matter and published by the Commission in 2013 will be reviewed annually and will benefit from access to funding from CEF.

– Energy efficiency: promoting financial instruments for energy efficiency in the transports and building sectors and launching the initiative “Smart financing for smart cities”

– The energy transition thanks to the development of the research and innovation policy, particularly concerning renewable energy or storage of electricity. The Commission has particularly stressed the need to build on the Horizon 2020 program in this area.

This framework does not constitute a binding document, but it sets the future strategy of the European Union in this field, and completes the 2030 objectives on climate and energy: reducing emissions of greenhouse gas by 40%, increase energy efficiency by 27% and bring to 27% the share of renewable energy in Europe compared to 1990.


Test your eligibility

Similar news