Monthly Archives June 2021

MEPs urged to end gas-funding, fix cross-border projects rules

EU member states have decided to extend subsidies for some cross-border natural gas projects until the end of 2027 – a delay criticised by green groups as a major policy “loophole”, incompatible with the bloc’s climate targets. The so-called TEN-E regulation determines which cross-border energy infrastructure projects in the EU are eligible for public funds and fast-tracked permits, under the “Projects of Common Interest” (PCI). Last year, the European Commission proposed a revision of the TEN-E rules, excluding dedicated support for oil and gas infrastructure – in a bid to align a key piece of energy policy with the Green Deal. To
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EU countries agree to prolong gas project funding, with caveats

BRUSSELS, June 11 (Reuters) – European Union energy ministers on Friday agreed to prolong EU support for some cross-border natural gas projects, despite a push from 11 countries and the European Commission who said such funding should end to comply with climate change goals. The EU’s “TEN-E” rules define which cross-border energy projects can be labelled Projects of Common Interest (PCI), giving them access to certain EU funds and fast-tracked permits. The EU is upgrading the rules to comply with its climate change targets, and in December the European Commission proposed a new version excluding dedicated oil and gas infrastructure. read
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Ministry of Energy, Commerce and Industry confirms its endorsement to EMC 2021

“Cyprus is fully committed to transitioning to a green, circular economy, leveraging on sustainability and the use of renewable energy sources to achieve long-term sustainable growth,” Natasa Pilides, Minister for Energy, Commerce and Industry, Republic of Cyprus said. “I am confident that we can build on the already excellent collaboration with existing and future partners in order to achieve our mutual objectives. I hope to welcome you all in person in November 2021 when Cyprus will host the Eastern Mediterranean Conference & Exhibition in Nicosia.” Download the EMC 2021 Press Release
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