BRUSSELS (Reuters) – The European Union needs to cut greenhouse gas emissions by 50 percent from 1990 levels by 2030 to avoid the worst effects of climate change, according to a British government paper, likely to fuel debate on whether deeper cuts are affordable.
Energy costs have shot up the political agenda across Europe, where power prices are around double those in the United States.
BRUSSELS (Reuters) – Public money must only be used as a last resort to help struggling utility companies maintain stand-by power capacity, according to draft guidelines from the European Commission seen by Reuters.
Energy subsidies have shot up the political agenda in Europe, with Britain planning to use public finance to support new nuclear power and utilities complaining about the distorting impact of heavy subsidies for renewable energy.
BRUSSELS, Oct 17 (Reuters) – EU lawmakers deferred on
Wednesday plans to curb the use of fuels made from food crops,
providing a reprieve for some in the bio-energy industry, but
raising the risk of higher grain prices in the future.
The decision brakes for now a policy U-turn from the
European Commission, the EU executive, which had said certain
kinds of biofuels had to be limited after earlier encouraging
BRUSSELS (Reuters) – The European Union on Wednesday revived a proposal to charge foreign airlines for emissions over European airspace, drawing the ire of airline groups who say it goes against spirit of a recent global aviation deal and could reignite trade tensions.
The proposal from the European Commission to cover the 2014-2020 period represents a retreat from an existing, though frozen, EU law that would require all planes using EU airports to pay for emissions for the full duration of their flights through an Emissions Trading Scheme (ETS).
BRUSSELS, Oct 16 (Reuters) – The Europe Union should exert
its right to impose carbon charges on aviation within its own
airspace, the European Commission said on Wednesday, a step
likely to rile emerging powers China and India and revive trade
A major retreat from previous legislation, the proposal from
the Commission, the EU executive, might fail to satisfy critics
both inside and beyond the European Union.
LUXEMBOURG (Reuters) – European Union environment ministers on Monday agreed to German demands to scrap an agreement to cap EU car emissions that Berlin argued would cost jobs and damage its premium auto makers.
After months of forceful lobbying from Germany, the ministers from the 28 EU member states agreed to reopen a deal sealed in June, but said they would work to secure it in weeks, not months.
BRUSSELS/LONDON, Oct 14 (Reuters) – The European Commission
unveiled on Monday a list of 250 power and gas projects eligible
to share 5.85 billion euros ($7.93 billion) of funding as part
of plans to curb reliance on Russian gas and create a single
The funds will be shared among trans-European energy
infrastructure projects from 2014 to 2020 with the aim of
helping EU countries integrate their energy markets and
diversify sources of supply, the bloc’s executive arm said.
LUXEMBOURG, Oct 14 (Reuters) – Germany showed no sign of
backing down in its campaign to block European rules on capping
car emissions which it argues would cost jobs and damage its
premium auto makers, as EU environment ministers met to debate
the topic on Monday.
The European Union reached a deal in June to limit emissions
from all new cars to 95 grams per kilometre from 2020. But
Germany has refused to accept it and has attempted to win the
support of other member states to delay the measure.
BRUSSELS, Oct 11 (Reuters) – Bosses from 10 utilities
representing half of Europe’s power-generating capacity urged
the European Union on Friday to adopt reforms to prevent
black-outs and help the indebted sector adapt to future demand.
The CEOs, who call themselves the Magritte Group after an
initial meeting in an art gallery, said EU energy and
environment policy was failing in its objectives and had raised
the risk of the lights going out.
BRUSSELS (Reuters) – Cuts in EU greenhouse gas emissions have almost reached the 20 percent target set for 2020, official figures showed on Wednesday, stoking a debate on how quickly the bloc should promise deeper cuts.
The European Environment Agency (EEA), a scientific body set up to inform EU policymakers, said emissions in 2012 were around 18 percent lower than in 1990.