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Disunity simmers as EU nations pursue single energy market

Bogdan Tudorache

European Union energy chiefs on Monday sought to galvanize efforts to create a single European energy market with a set of accords on closer power and gas ties while disunity simmers over the finer detail of implementing goals for a new decade of greener fuel, according to Reuters.

The European Commission, the EU executive, has used the political crisis with the bloc’s biggest energy supplier, Russia, to focus on completing an energy union based on rationalised connections across the 28-member bloc to share fuel and curb the need for imports. The grand plan is also meant to harness efforts to lower carbon emissions as France readies to host United Nations climate talks late this year.

At a meeting of energy ministers in Luxembourg on Monday, 13 countries, including Germany and the Benelux nations, signed a declaration on security of electricity supply, while Baltic nations, among the most dependent on Russian gas, signed an outline accord on closer EU energy links.

“The signatory countries are determined to enhance security of supply through further market integration,” Climate and Energy Commissioner Miguel Arias Canete said. “This is one of the main building blocks of the energy union.” Declarations, however, are easy to make compared with the detail of implementing them.

The European Union last October reached an outline deal on three 2030 targets to cut emissions by at least 40 percent versus 1990, improve energy savings to at least 27 percent and to increase the share of renewable energy to 27 percent. The goals replace three 2020 targets, all of 20 percent, which the bloc is close to achieving.

But member states, such as Eurosceptic Britain, jealously guard their right to decide what kind of energy they use, making it difficult to agree the detail of implementing policy goals. An internal Commission note, seen by Reuters, acknowledges the need to preserve member states’ right “to define policies matching national preferences and circumstances” but it also says national energy plans must complement regional plans and vice versa.

To allow each country to present its plan and others to comment, it proposes to hold forums next year, after which draft plans should be submitted to the Commission by mid-2017. Analysts question who will provide the necessary investments needed and whether the 28 EU nations can be persuaded to act for a common good. “In all honesty, the gap between member states has only widened over the course of the past years,” said Tim Boersma, of Brookings Institution, a Washington-based independent think-tank.

Autor: Bogdan Tudorache

Active in the economic and business press for the past 26 years, Bogdan graduated Law and then attended intensive courses in Economics and Business English. He went up to the position of editor-in-chief since 2006 and has provided management and editorial policy for numerous economic publications dedicated especially to the community of foreign investors in Romania. From 2003 to 2013 he was active mainly in the financial-banking sector. He started freelancing for Energynomics in 2013, notable for his advanced knowledge of markets, business communities and a mature editorial style, both in Romanian and English.

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