EU Proposes Major Energy Market Overhaul for Low-Carbon Future
The European Commission has proposed a major overhaul of the EU's energy market, aiming for a low-carbon, sustainable, and secure energy future. The 'Clean Energy for All Europeans' package, spanning over a thousand pages, seeks to align with the Paris Agreement's 2°C target and increase energy efficiency.
The Commission's vision, known as the Energy Union, plans to complete the internal energy market through restructuring and improved governance. It proposes to boost the energy efficiency target to 30% by 2030, up from the current 27%.
The package acknowledges the potential of energy cooperatives, promising better access to grids. It sets a renewables target of at least 27% for 2030, without binding targets for individual member states. The Commission aims to update renewable energy and energy efficiency directives by the same year.
However, the new package may weaken the priority dispatch system for renewables. Additionally, capacity mechanisms could potentially allow for new coal-fired power stations, despite CO2 emission restrictions.
While the Commission's proposals show ambition in increasing energy efficiency and renewables, the potential weakening of support for renewables and the possibility of new coal power stations raise concerns. The package aims to align with the Paris Agreement, but its success will depend on the balance struck between different energy sources and the commitment of member states.
Read also:
- Trump administration faces lawsuit by Denmark's Ørsted over halted wind farm project
- Police station transfer ceremony in Horb am Neckar
- Unchecked Management of HP Dams Leads to Environmental Disaster: RTI Reveals
- Rapid advancements in automotive policies worldwide fuel transition towards electric vehicles
