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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Environmental

US Navy Updated Zika Virus Infection Guidance

Navy Medicine released updated Zika Virus Infection guidance in NAVADMIN 121/16, May 26, communicating current information, travel precautions, and risk reduction

Seaspan Acquires Eighth 14000 TEU Vessel

Seaspan Corporation (NYSE:SSW) announced today that it accepted delivery of a 14000 TEU containership, the YM Width. The new containership, which was constructed at CSBC Corporation,

GloMEEP Project Forges Ahead with Train-the-Trainer Workshop

A global Train-the-Trainer workshop on energy efficiency has been delivered in China (23-27 May), preparing the personnel needed to cascade knowledge on energy

Energy

Strike In France: Implications for Tanker Demand

After the oil industry suffered from a severe drought in Venezuela, forest fires in Canada and rebel attacks on oil installations in Nigeria, it is now facing

Floating Storage Flattens Fortunes of $50 Crude

The prices of WTI and Brent crude briefly rose above $50/bbl during intraday trading on Thursday, the highest level seen since the end of July 2015, giving traders a brief moment of optimism,

GloMEEP Project Forges Ahead with Train-the-Trainer Workshop

A global Train-the-Trainer workshop on energy efficiency has been delivered in China (23-27 May), preparing the personnel needed to cascade knowledge on energy

News

Deployment: The Transpacific Trade Steps Up To The Plate

In 2015, it was the Asia-Europe route which was the focus of changing deployment trends, says Clarksons Research.   This year, it is the Transpacific trade which

US Navy Updated Zika Virus Infection Guidance

Navy Medicine released updated Zika Virus Infection guidance in NAVADMIN 121/16, May 26, communicating current information, travel precautions, and risk reduction

CBP, AMO Unveils New Interceptor Vessel

U.S. Customs and Border Protection (CBP) Air and Marine Operations (AMO) and SAFE Boat International celebrated the unveiling of AMO’s newest coastal interceptor vessel (CIV) Thursday.

Government Update

1,076 Graduate from U.S. Naval Academy

The U.S. Naval Academy graduated 1,076 men and women at the annual graduation and commissioning ceremony May 27 at Navy-Marine Corps Memorial Stadium. U.S. Naval Academy Superintendent Vice Adm.

Details El Faro's Sinking Emerge from US Probe

U.S. investigators on Friday concluded two weeks of hearings into the sinking of cargo ship El Faro in a hurricane last fall that included reports the vessel had

Defense Appropriations Bill Includes $1 Bln for US Icebreaker

The U.S. Senate Appropriations Committee’s FY2017 Defense Appropriations Bill has included $1 billion in funding to accelerate construction of a new polar icebreaker for the U.

Offshore Energy

Strike In France: Implications for Tanker Demand

After the oil industry suffered from a severe drought in Venezuela, forest fires in Canada and rebel attacks on oil installations in Nigeria, it is now facing

Floating Storage Flattens Fortunes of $50 Crude

The prices of WTI and Brent crude briefly rose above $50/bbl during intraday trading on Thursday, the highest level seen since the end of July 2015, giving traders a brief moment of optimism,

Höegh LNG FSRUs on Strong Ground

Höegh LNG is upbeat on the group’s FSRU prospects as its profit rise comes on the back of an almost tripled average regasification flow rate on Höegh LNG’s FSRU

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Simulators Sonar
rss | archive | history | articles | privacy | 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: 0.0985 sec (10 req/sec)