Commission publishes first surplus indicator for ETS Market Stability Reserve

Today the European Commission has published for the first time the total number of allowances in circulation on the European carbon market. It amounts to roughly 1.69 billion allowances. The total number of allowances in circulation will play an important role for the Market Stability Reserve (MSR) for the EU Emissions Trading System (ETS), which will start operating in 2019. It will serve as the exclusive indicator to determine whether, and if so, how many allowances will be placed in the reserve, or whether allowances will be released from the reserve in tranches of 100 million allowances each year. Allowances will either be placed in or released from the reserve

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EUR 800 million EU funding available for cross-border energy infrastructure

The European Commission is releasing €800 million of funding for projects in the areas of electricity, gas and smart grids infrastructure . The projects will strengthen the EU’s internal energy market, enhance security of energy supply, and help provide clean, sustainable energy for Europe.  The 2017 call for proposals under the Connecting Europe Facility (CEF) Energy will be open until 12 October. Proposed projects, which can be either studies or construction works, will be evaluated against several criteria. These include their state of maturity, their cross-border dimension, and to what extent they will remove bottlenecks to energy flow and end energy isolation of EU countries. To be eligible to apply

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EU invests EUR 22.1 million supporting synergies between transport and energy sectors

Today, EU Member States approved the Commission’s proposal to invest €22.1 million in seven actions that will help develop sustainable and efficient transport and energy infrastructure. They will receive funding from the Connecting Europe Facility (CEF), one of the key funding instruments of the EU’s Energy Union strategy to promote growth, jobs and competitiveness through targeted infrastructure investment at European level. Transport Commissioner Violeta Bulc said: European Transport still depends on oil for 94% of its energy needs. That is why the EU is investing in seven projects to speed up the deployment of alternative energy sources, with a special focus on electrification and multimodal transport. Climate Action and Energy

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EU Energy Council debates Clean Energy package and State of the Energy Union

The European Energy Council, which brings together EU Energy Ministers, European Commission Vice-President Maroš Šefčovič, and European Commissioner for energy and climate action Miguel Arias Cañete, will meet in Brussels today. Two main items are on the agenda: the Commission’s ‘Clean Energy for All Europeans’ package and its second State of the Energy Union report. At the Council meeting, EU energy ministers will discuss the Commission’s ‘Clean Energy for All Europeans’ package of measures, which was released on 30 November 2016. The measures aim to ensure that Europe leads the world’s transition to clean energy: they focus on putting energy efficiency first, achieving global leadership in renewable energies, and providing

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EU invests €444 million in key energy infrastructure

Today EU Member States agreed on the Commission’s proposal to invest €444 million in key European energy infrastructure projects. Today EU Member States agreed on the Commission’s proposal to invest €444 million in priority European energy infrastructure projects. The 18 selected electricity, smart grids and gas projects will contribute to achieving the Energy Union‘s goals by connecting European energy networks, increasing security of energy supply, and contributing to the sustainable development by integrating renewable energy sources across the EU. The Energy Union strategy has at its centre the transition to a low-carbon, and secure and competitive economy. Properly interconnected electricity lines and gas pipelines form the backbone of an integrated

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Second Report on the State of the Energy Union

Progress reports on the Energy Union Framework Strategy adopted in 2015 to bring about the transition to a low-carbon, secure and competitive economy. Why a State of the Energy Union? On 25 February 2015, the Commission adopted “A Framework Strategy for a Resilient Energy Union with a Forward-Looking Climate Change Policy”. The publication of this strategy created a new momentum to bring about the transition to a low-carbon, secure and competitive economy and to deliver on one of the 10 priorities of the Juncker Commission. The State of the Energy Union is a good opportunity to take stock each year of the progress already made towards building the Energy Union, and

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