EU speeds up creation of common energy market
The political conflict with Russia because of the Ukraine conflict gives a boost to European Union (EU) plans for the creation of a common energy market. The main stated reasons for creating a common energy market are the benefits that would go along with a broad shift to a low-carbon economy (renewables), and the need for greater energy security for the European block.
Representatives from the energy and environmental ministries of the EU’s 28 states are working together to come to a compromise before a planned summit on October 23–24, 2014. Then leaders must reach consensus on policy plans/goals for the year 2030. The axis of disagreement between the various members in this case is on the issue(s) of immediate costs and need for acceleration of change.
- EU should reduce emissions with 40% by 2030 only if the world agrees with Paris’ climate deal 2015
- Climate Summit New York: ambitious goals and initiatives
- New Energy needs a long term scope because climate change is a long-term issue
- Europe Renewable Energy Policy Handbook 2014