The European Commission, on behalf of the EU, has proposed a further €5 billion in macro-financial assistance (MFA) loans to Ukraine. It says this is the second part of the exceptional MFA package of up to €9 billion announced by the Commission of 18 May 2022 and endorsed by the European Council of 23-24 June. The…
The EU and the US are on the cusp of an energy revolution, a panel held by Friends of Europe’s European Young Leaders (EYL40) programme discussed in Lisbon on Friday. The Transatlantic Climate Dialogue panel, which was made up of European and American climate entrepreneurs, innovators, public officials, and energy figureheads, came together to agree…
The Czech Presidency of the Council of the EU held an extraordinary meeting of the Energy Ministers this weekend to discuss emergency measures to mitigate the extremely high energy prices. The dramatic deterioration of the situation on the gas and electricity markets is exposing a large number of European companies to unaffordable energy prices. Many enterprises…
The Socialists and Democrats in the European Parliament insist it is imperative that energy ministers tackle the issue of manipulations with gas on the European internal market. Otherwise, they say, “it is clear that other measures, like reducing electricity consumption, caps on energy commodities imported from third countries or allowing state guarantees, will have no…
Against the backdrop of continued shelling of the Zaporizhzhia NPP by the Russian army, an International Atomic Energy Agency (IAEA) mission led by Director General Raphael Grossi arrived in Kyiv on 30 August. The mission consists of 14 members of the official delegation. On 31 August, it became known that the mission left for Zaporizhzhia…
Commission President Ursula von der Leyen and Commissioner for Energy, Kadri Simson, participated in the Baltic Sea Summit in Copenhagen on Wednesday. It ended with Denmark, Germany, Estonia, Latvia, Lithuania, Poland, Finland and Sweden signing a declaration committing to multiplying by seven the current offshore wind capacity of the region, up to 20 gigawatts by 2030. At the concluding…
The European Commission has approved, under EU State aid rules, a €687 million Finnish scheme to partially compensate energy-intensive companies for higher electricity prices resulting from the impact of carbon prices on electricity generation costs (so-called ‘indirect emission costs’), incurred between 2021 and 2025, under the EU Emission Trading System (‘ETS’). The measure will benefit…
Nuclear specialists have always been proud of belonging to the industry, feeling a certain superiority over representatives of other generations. They have in their hands not only the safe operation of the most complex equipment, but also the responsibility for the lives of people, without exaggeration, of the entire world. Without belittling the merits of…
Russia continues to use energy as a weapon and an instrument of political pressure, all in order to force the different governments of European countries to bend to the will of the Kremlin. Bulgaria is no exception, where there is a great danger that the Russian strategy may succeed against the backdrop of the war…
Commission president Ursula von der Leyen has welcomed a deal on coordinated demand reduction measures for gas. She said, “The EU has taken a decisive step to face down the threat of a full gas disruption by Putin. I strongly welcome the endorsement by Council of the Council Regulation on coordinated demand reduction measures for…
