BRUSSELS (Reuters) – Europe’s nuclear reactors need investment of 10-25 billion euros, a draft European Commission report said, following a safety review designed to ensure a disaster like Japan’s Fukushima cannot happen.
The Commission is expected to finalize the stress test report by Thursday and then it will be debated by EU ministers later this month.
BRUSSELS, Oct 2 (Reuters) – Europe’s nuclear reactor fleet
needs investment of 10 billion to 25 billion euros, a draft
Commission report said, following a safety review designed to
ensure there is never a repeat of the Fukushima nuclear
The report is expected to be finalised by Thursday and
debated by EU ministers later this month.
BRUSSELS, Sept 28 (Reuters) – Europe moved a step closer to
loosening Russia’s grip on European Union energy supplies after
Italy, Albania and Greece signed an agreement supporting the
construction of a pipeline to deliver gas from Azerbaijan.
At a ceremony in New York on Thursday, the three countries
signed a memorandum of understanding bringing the Trans-Adriatic
Pipeline (TAP) closer to reality, although building was not
likely to commence until 2014 or 2015.
BRUSSELS (Reuters) – Kingfisher (KGF.L: Quote, Profile, Research, Stock Buzz), Europe’s biggest home improvement retailer, is saving millions by cutting energy usage and avoiding waste, and is counting on equally green and cost-conscious customers to help it beat the economic downturn, its chief executive said.
Speaking in Brussels, where EU officials are finalizing a new EU law on energy efficiency, Ian Cheshire said Kingfisher’s B&Q chain in Britain had saved 34 million pounds ($55 million) over the last five years by, for example, reducing tax payments on landfill, as well as cutting fuel bills.
BRUSSELS (Reuters) – China, the world’s biggest carbon dioxide emitter, has struck a deal to work with the European Union to cut greenhouse gases through projects including the development of Chinese emissions trading schemes, the European Commission said on Thursday.
The European Union and China have frequently clashed over climate policy and Beijing has flouted EU law requiring all airlines using European airports to pay for their emissions through the EU’s Emissions Trading Scheme (ETS).
BRUSSELS/LONDON, Sept 18 (Reuters) – EU technical experts on
Wednesday held a preliminary discussion on proposals to prop up
the EU Emissions Trading Scheme, with Poland standing out as the
sharpest opponent, while the majority of nations took no firm
position, EU sources said.
The closed-door meeting did not get as far as a serious
debate about how many allowances should be withheld from the
next stage of the Emissions Trading Scheme (ETS) beginning next
year, one source said on condition of anonymity.
BRUSSELS, Sept 18 (Reuters) – European Union legislators
have voted for a draft anti-corruption law, echoing rigorous
U.S. rules to make oil, gas and mining firms declare payments
they make in resource-rich nations.
Pressure has mounted on the EU to take a tough line after
the U.S. regulator in August set demanding rules for U.S.-listed
BRUSSELS/NICOSIA (Reuters) – The European Commission announced a major shift in biofuel policy on Monday, saying it plans to limit crop-based biofuels to 5 percent of transport fuel, after campaigners said existing rules take food out of people’s mouths.
Record high global grain prices have intensified calls for changes in EU and U.S. biofuel policies, criticized for snatching away land that should be used for food.
BRUSSELS, Sept 15 (Reuters) – EU refineries are not
investing fast enough to shift the balance to diesel production
as the U.S. appetite to mop up surplus gasoline starts to wane,
a draft Commission document seen by Reuters said.
The European Union’s refining sector has struggled against
dwindling profit margins and a structural imbalance, which
requires it to import products to meet growing diesel demand,
while exporting unwanted gasoline.
BRUSSELS, Sept 15 (Reuters) – The EU’s executive “as a
matter of priority” is enforcing its single energy market laws
it says in a draft text, seen by Reuters, that states its
determination to create a barrier-free market-place, which has
angered dominant gas supplier Russia.
Early this month, the European Commission announced it had
opened an investigation into suspected anti-competitive market
practices by Russia’s Gazprom.