Energy in an emergency

Published: 14 November 2008 y., Friday

Energetika
Energy prices in the EU have risen by an average of 15% in the last year and Europeans wonder whether speculators are driving up oil prices. More than 50% of the EU's energy comes from countries outside the union – and the percentage is growing.

Much of that energy comes from Russia, whose disputes with transit countries have disrupted gas supplies in recent years.

All of this highlights the need for the EU to monitor its oil and gas supplies more closely and be better prepared in the event of an energy emergency. A new energy package will help the EU meet its climate change targets and reduce gas and oil imports.

For decades, EU countries have maintained emergency oil stocks. The commission now wants to make those stocks more readily available and clarify when and how they can be used. It also wants the public to have more information on commercial oil inventories.

After oil, gas is the most important fuel in the EU’s energy mix. Although 60% comes from outside the union, the EU still does not have an emergency plan in case supplies are disrupted. As part of its energy strategy, the commission is launching consultations with EU countries about establishing such a plan.

Another high priority is setting up a southern gas corridor of pipeline networks to bring gas from the Caspian Sea region via Turkey. Construction looks set to begin in 2010.

The EU is also keen to strengthen its energy networks – the power lines and pipelines that bring electricity, gas and oil to homes and businesses – and equip them to handle renewable sources of energy like wind. The possibility of creating an offshore wind park in the North Sea is being studied.

The strategy calls for continued efforts to boost energy efficiency – such as renovating residential and commercial buildings. Another proposal calls for energy labels for tyres starting in 2012.

Nuclear energy is also addressed – including safety and waste management. Currently, nuclear plants generate about one-third of Europe’s electricity and more than a dozen EU countries are looking to build new ones.

 

Šaltinis: ec.europa.eu
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

EBRD and CIB Bank boost financing to businesses in Hungary

The EBRD is increasing the availability of financing to the real economy in Hungary, with a €50 million credit line to CIB Bank, including at least €10 million equivalent denominated in Hungarian Forint. more »

Bank SNORAS deposit portfolio exceeded LTL 5 billion

At the end of March 2010, AB Bank SNORAS deposit portfolio exceeded LTL 5 billion, of which over LTL 3 billion are household deposits. more »

Outstanding Development Results Gain Vietnam Additional Support

In affirmation of Vietnam’s remarkable progress towards Middle Income Country status, the World Bank Board of Directors today approved a second loan for Vietnam from the International Bank of Reconstruction and Development (IBRD). more »

World Bank Loan to Help Improve Efficiency of the Croatian Justice System

The World Bank today approved a EUR26 million loan to the Republic of Croatia aimed at further improving the efficiency of Croatia’s justice system − a necessary process in Croatia’s path towards successful European Union accession. more »

ACP-EU Assembly calls for support to banana producers and strengthening of sanctions against Madagascar

The ACP-EU Joint Parliamentary Assembly asked the European Commission to help EU and ACP banana producers adapt to the new EU-Latin America trade agreement, which is expected to put an end to fifteen years of “banana wars” between the two continents, but has raised concerns for the livelihood of some regions' producers. more »

“Africa’s Golden Moment Has Come,” Says World Bank Vice President for Africa

As seventeen of Africa’s 53 nations celebrate 50 years of independence in 2010, Africa’s “golden moment has come” and investors around the globe must look to the continent often painted only as risk-prone if they are to capitalize on business opportunities. more »

The approval of AB Bank SNORAS profit distribution

During the ordinary general shareholders’ meeting of AB Bank SNORAS, which took place on 31st March 2010, the bank’s profit distribution was approved. more »

Out of the crisis: a "real" economy and world governance system

The EU is the world's largest economy, with enough international clout to return to "real capitalism" rather than resign itself to an alien "financial capitalism", concluded MEPs and experts at a public hearing held on Thursday by Parliament's special committee on the crisis. more »

Giancarlo Scottà on food quality and country origin labels

Food quality and labelling are likely to be key issues when the Common Agriculture Policy is overhauled in the coming years. more »

EIB supports Russia’s power generation sector with EUR 250 million to contribute to energy efficiency and emission reduction

The European Investment Bank (EIB) is lending EUR 250 million to Russian company Enel OGK-5 to finance the upgrading of a gas fired power plant located in Nevinnomyssk, South Russia. more »