Energy Companies Propose Rebuild of European Energy Policy

MarineLink.com
Tuesday, September 10, 2013

Following on from the formal call of May 21, 2013 to the European Council, Gérard Mestrallet CEO of GDF SUEZ and Paolo Scaroni CEO of ENI appeared before a European Parliament hearing. The event was jointly organized with Amalia Sartori (Chair of the EU Parliament’s Energy Committee) and took place in the presence of the European Commissioner for Energy, Günther Oettinger.

The hearing was aimed at highlighting the risks of the EU’s present energy policy. Indeed, the efforts made by energy companies to attract the necessary private sector investors have been hampered by the uncertainty of the return on investments, in part due to the lack of a clear, foreseeable and objective energy policy framework based on stable and predictable regulation. As a result, European industry can neither fulfill its potential as a source of growth and employment nor play a key role in establishing a dialogue with producing countries. Energy security of supply is no longer guaranteed, CO2 emissions are currently on the rise, investments in the sector are not happening and energy bills are rising sharply. Faced with this failure, the nine energy companies have seen the need to formulate concrete proposals to revitalize Europe’s energy policy now:

1.    Limit soaring energy bills
European consumers (citizens and industries) must be able to pay fair prices for their energy. Energy operators are, through their investments, at the forefront of the development of renewable energy sources across Europe. However, it is now necessary to draw the lessons from recent EU policy developments (including recognizing that the rules of the game to which investors sign up, simply cannot be subject to change halfway through for short-term political reasons) so as to identify possible improvements. Therefore, the industry leaders propose:
-    To ensure that the energy consumer bill reflects as far as possible the market based cost of energy and that it cannot be a vehicle for financing other policies. A well-functioning and integrated European energy market will further foster competition, empower customers and enable a cost-effective transition of the energy system;
-    To foster the integration of new capacities of the most mature renewable energy technologies (taken into account, notably, the forecasts of learning curve) into the regular market process and with a view to enhancing competition;
-    To adjust, for new installations, public support for renewable electricity production in view of reflecting the electricity market needs; and
-    To strengthen R&D policies and funding (Horizon 2020), and support the least mature renewable electricity technologies by enhanced R&D efforts rather than by production subsidies.

2.    Guarantee a reliable electricity and gas supply
European consumers must always benefit from fully reliable, uninterrupted energy supplies. To that end, the industry leaders propose:
-    To revitalize the European “Electricity Coordination Group” as a strategic platform to exchange views and information between Member States as well as other stakeholders, on electricity policy, with a special emphasis on national decisions on the energy mix that may have an effect on other Member States;
-    To immediately apply the third package of legislative proposals in all Member States in order to standardize rules in Europe and facilitate exchanges;
-    To utilize all existing power capacity contributing to the security of supply rather than subsidizing new capacity construction that may undermine a level-playing field between competitive technologies;
-    To speed up the establishment of EU guidelines for non-discriminatory capacity remuneration mechanisms;
-    To implement, as soon as possible, the European program contributing to the financing of important European energy infrastructures; and
-    To enhance the diversification of gas supply by routes and sources, notably, through domestic energy production (including unconventional sources), whilst always taking into account environmental concerns.

3.    Reinforce Europe’s climate ambition
European consumers must be able to benefit from energy that is as respectful of the environment as possible and that supports the achievement of the other two EU objectives: competiveness and security of supply. To that end, the industry leaders propose:
-    To give a new impetus and to fundamentally strengthen the European carbon market. This can be achieved by: i) measures to rebalance CO2 supply and demand in 2013-2014 and in the framework of a long term perspective of ambitious emissions reductions targets, ii) discussing and deciding as soon as possible on an ambitious but realistic greenhouse gas emission reduction target by 2030 as the main driver for a pathway towards a low-carbon economy in 2050, iii) potentially expanding the carbon market’s application to other CO2 emitting sectors in the context of an international agreement;
-    To accelerate the setting up of the future climate summit planned in Paris during 2015 so that this key event can achieve a far-reaching agreement; and
-    To introduce, should an international agreement not be reached, additional measures to secure the competitiveness of EU industries with a risk of carbon leakage.

These concrete proposals are also being presented to key European Heads of State or Government with a view to enhancing the prospects for the February and March 2014 European Council meetings dedicated to energy issues. 
 

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Environmental

Liebherr to Deliver RTGs to Mayotte and Manila

Liebherr confirms orders for variable speed RTGs and electric RTGs. DPWorld Asian Terminals Inc. has placed an order with Liebherr Container Cranes for a further 5 RTGs at its Manila facility.

Ecoships Claims 15% Ship Efficiency Gain

Ecoships introduced a customized version of the Six Sigma DMAIC approach to process and performance evaluation in order to optimize the energy-efficiency of the vessels under its management.

IBIA Welcomes MEPC Bunker Compromise

The compromise solution on the issue of ensuring bunker quality agreed at the 67th meeting of the IMO’s Marine Environment Protection Committee (MEPC 67) has been

Energy

MARAD Seeks Comments on Proposed Policy for Deepwater Export Applications

The Maritime Administration (MARAD) is seeking comments on the agency’s proposed policy to accept, evaluate and process license applications for the construction

Oil Drillers Group to Fight U.S. Export Ban

More than a dozen U.S. oil producers have joined to lobby the federal government to reverse the 40-year-old ban on U.S. crude exports, a move that supporters hope

Clean Marine Wins New Contract

Clean Marine has been selected by Hyundai Mipo Dockyard in South Korea to supply exhaust gas cleaning systems (EGCS) for two new MR tankers. IMO’s convention

News

WFW Advises ING Bank on $340m Loan Facility for Euronav

Watson, Farley & Williams (WFW) has advised ING Bank N.V. (ING) as sole bookrunner and facility agent for a syndicate of banks on a $340 million loan facility made available to Euronav NV.

UN Authorizes Ship Inspections Near Somalia For Arms, Charcoal

The United Nations Security Council authorized the inspection of boats suspected of carrying illegal shipments of charcoal or weapons to and from Somalia on Friday,

Clean Marine Wins New Contract

Clean Marine has been selected by Hyundai Mipo Dockyard in South Korea to supply exhaust gas cleaning systems (EGCS) for two new MR tankers. IMO’s convention

Government Update

MARAD Seeks Comments on Proposed Policy for Deepwater Export Applications

The Maritime Administration (MARAD) is seeking comments on the agency’s proposed policy to accept, evaluate and process license applications for the construction

Oil Drillers Group to Fight U.S. Export Ban

More than a dozen U.S. oil producers have joined to lobby the federal government to reverse the 40-year-old ban on U.S. crude exports, a move that supporters hope

UN: Ship Inspections near Somalia for Arms, Charcoal

The United Nations Security Council authorized the inspection of boats suspected of carrying illegal shipments of charcoal or weapons to and from Somalia on Friday,

Offshore Energy

New Oil Field Found in British North Sea

GDF SUEZ E&P UK Ltd and BP today announced a new exploration discovery in the UK Central North Sea. The discovery, which spans GDF SUEZ operated block 30/1f

A History of U.S. Oil Export Controls

On Oct. 20, 1973, King Faisal of Saudi Arabia imposed a total embargo on oil shipments to the United States among other countries in response to their support for Israel during the Arab-Israeli war.

Three Dead in Offshore Platform Accident

Three workers were killed and one is still missing after an accident at one of the offshore oil and gas platforms in the Caspian Sea in Azerbaijan, Azeri state energy company SOCAR said on Thursday.

 
 
Maritime Security Naval Architecture Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2085 sec (5 req/sec)