EU Policy News

Over €1,5bn for 15 CCS and off-shore wind projects to support European economic recovery

Published on: December 11, 2009

The Commission approved on 9 December, 15 energy projects which will significantly contribute to the economic recovery of the EU, while increasing security of energy supply and substantially reduce CO2 emissions. With this decision, the Commission grants €1 billion to six Carbon Capture and Storage projects and €565 million to nine offshore wind energy projects.

Energy Commissioner Piebalgs said: “With this decision the Commission has laid the foundation for the development of two key sustainable technologies that will be essential in our fight against climate change. This unique decision by the Commission does not only give a push to the economy and employment, but also it supports innovative energy technologies that may create further jobs and growth in the future.”

These award winning innovative energy technology projects will contribute in reaching the binding targets of greenhouse gas emission reduction and renewables by 2020 and beyond.

The decision on these 15 projects is the first step towards the use of almost €4 billion set aside by the EU in May 2009 for energy projects to support economic recovery. The landmark agreement on the European Energy Programme for Recovery in May foresaw Union financial assistance to energy projects in the fields of CCS, offshore wind energy and gas and electricity infrastructure. The procedures for the infrastructure projects are still ongoing. The decision is expected to be taken in February 2010.

The funded projects are described in the MEMO/09/542 , MEMO/09/543

Further Reading »

Positive Discussion on ETS and Energy Efficiency

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EU Parliament adopts report on EC proposal for a new Energy Tax Directive

On April 19 the EU Parliament adopted the report of Luxemburg’s MEP Astrid Lulling (EPP), and Swedish shadow Rapporteur, Olle Ludvigson (S&D)

MEPs to vote on Energy Taxation Directive

MEPs will today vote  on the proposal for revision of the 2003 Energy Taxation Directive (ETD) following a report by Astrid Lulling (EPP, Luxembourg) in Strasbourg last night. The revision marks the introduction of CO 2 in the taxation of energy products and electricity and the end of the special status given to diesel fuel and unleaded petrol.   The proposal, presented by the European Commission in 2011, constitutes the response to the EU summit’s 2008 request to align the European Union’s energy and climate change objectives. Under the revision, taxation would be based not only on energy content but also on the CO 2 content of energy products, and would include a minimum level for CO 2. Member states will therefore have to make a clear distinction between the two components: taxation of CO 2 and taxation of the energy source. The text also provides for abolishing the reductions granted for diesel fuel for professional use as well as the preferential price for unleaded petrol. More generally, it does away with the existing distinction between commercial and private use of energy products to produce heat and electricity. While maintaining a degree of flexibility, including the possibility for member states to levy more than one tax on energy consumption, [...]

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