Tuesday, March 10, 2015

European Commission published its proposals for the Energy Union

The paper sets out the Commission’s thinking on what it describes as the biggest energy project since the creation of the Coal and Steel Community. The vision, put simply, is to create a bloc where surplus energy in one place can be moved to where there is a shortage, thereby bolstering the EU’s resilience to shortages. The Energy Union was given political impetus after the Ukraine crisis brutally exposed Europe's energy dependence and vulnerability. Shortages caused by Russia turning off the taps in 2009 have prompted the union to develop plans which go beyond to encompass issues such as climate change. Read more at http://www.euractiv.com