Connect with us

Hi, what are you looking for?


Clean Power

EU Looking To Speed-Up Creation Of Common Energy Market Following Conflict With Russia

The political conflict between Russia and the Ukraine is apparently having a knock-on effect regarding the EU’s plans for the creation of a common energy market, helping to speed up said plans.

The main stated reasons for creating a common 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.

Wind turbines along the German/Polish border help with energy security.

Representatives from the energy and environmental ministries of the EU’s 28 different member states are, reportedly, currently working to come to a compromise before a planned summit on October 23–24, one where leaders will be expected to come to a 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.

Bloomberg provides more:

The EU energy strategy includes developing interconnections, modernizing infrastructure and diversifying supply sources. Jean-Claude Juncker, the president-designate of the next European Commission, has vowed to move toward an energy union with forward-looking climate policy.

The completion of the EU energy market by the end of 2014 and ending energy isolation of member states by 2015 remain “essential tools” for energy security, according to Italy. Investment challenges that member states face include the replacement of obsolete power plants and infrastructures to improve energy efficiency and lower energy costs.

The commission, the bloc’s regulatory arm, proposed in January the bloc adopt a binding goal to cut greenhouse gases by 40% by 2030, accelerating the pace of emissions reduction from 20% in 2020 compared with 1990 levels. It also recommended an EU-wide target to boost the share of renewables in energy consumption to 27%.

Energy efficiency is the third pillar of the strategy for 2030, to be decided by EU leaders later this month. The commission proposed nations increase energy savings by 30% by 2030 compared with 20% targeted for the end of the current decade.


On that note, it’s probably worth mentioning the significant savings that would accompany the increased energy savings that the proposed new goal would bring — or, for that matter, that the switch to renewables would bring. According to a relatively recent report from Cambridge Econometrics, the UK economy could be boosted by as much as £62 billion a year by the year 2030 with a 40% cut in energy use via improved energy efficiency.

Unfortunately, Poland looks set to veto an attempt to increase the EU’s 2020 CO2 emissions reduction target, despite the high likelihood that a stronger target would actually benefit Poland economically, and despite the fact that Poles want to switch to renewable energy.

The other bad news is that 14 EU member states are currently set to miss their 2020 targets….

Related Story: 3 EU Countries Have Already Hit Their 2020 Renewable Energy Goals — You’ll Never Guess Them

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Former Tesla Battery Expert Leading Lyten Into New Lithium-Sulfur Battery Era — Podcast:

I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it! We just don't like paywalls, and so we've decided to ditch ours. Unfortunately, the media business is still a tough, cut-throat business with tiny margins. It's a never-ending Olympic challenge to stay above water or even perhaps — gasp — grow. So ...
If you like what we do and want to support us, please chip in a bit monthly via PayPal or Patreon to help our team do what we do! Thank you!
Written By

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy.


You May Also Like

Clean Power

The law of unintended consequences, green hydrogen edition, is on full display in Russia's misbegotten war on Ukraine.

Clean Power

One of the lessons that countries are learning from the current war in Ukraine is that centralised power generation creates energy vulnerability, and therefore...

Clean Power

Svitlana Romanko traveled to the CERAWeek conference in Houston, but was denied admission. Why are people so afraid of her?


Sadly, Ukraine is still suffering tremendously from Russia’s ill-fated, cruel, inhumane, and illogical invasion of its borders. The people of Ukraine are still fighting...

Copyright © 2023 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.