Finance ministers will discuss, on 24 January, a memorandum on EU energy policy presented by French Finance Minister Thierry Breton. The paper makes wide-ranging proposals to secure European supplies after the Russia-Ukraine gas row highlighted Europe's dependency on imports.
The paper proposes recognising the contribution of nuclear power to EU security of supply and "contribution to the fight against global warming" as a technology that does not release CO2. It suggests increasing R&D efforts for "future nuclear energy" and invites other countries to join research projects on the fourth generation nuclear reactor.
However, it underlines that possible action on nuclear energy should be taken in full respect of the 'subsidiarity principle' whereby the EU intervenes only when an issue cannot be adequately tackled by the member states acting on their own.
Proposals in the paper include:
- Oil: increasing transparency in oil markets by regularly publishing European oil stock levels; increasing refining capacity; supporting green chemistry in the petrochemical sector (see EurActiv LinksDossier)
- Gas: increasing gas storage capacities and developing interconnections
- International relations: raising the EU's profile in relations with other countries and regions, including on climate and energy issues
- Renewable energies: to consider a directive on thermal power; to allocate part of EU cohesion funds in favour of renewables; to speed up the use of alternative fuels for transport (biofuels, GTL, natural gas)
- Research: stepping up R&D efforts in energy by "asserting the priority character of energy" in the seventh community research programme (FP7). This includes carbon capture and storage as well as other clean coal technologies
On the demand side, France proposes stepping up energy efficiency measures in households, transport, industry and agriculture (see related EurActiv LinksDossier).
