About: oil and gas industry

Energy 15-10-2008

High oil prices: The EU’s response

As record-high fuel prices sparked protests across Europe in Spring 2008, the EU is preparing both long and short-term policy responses, including tax breaks for energy savings and increased transparency of oil inventories.

Energy Green Paper: What energy policy for Europe?

The Commission opened the debate on a future common European Energy Policy with the publication of a 'Green Paper' in March 2006. Suggestions include completing the opening of European gas and electricity markets and stepping up relations with major suppliers such as Russia and OPEC. Other key suggestions include boosting renewable energies, energy efficiency, and research on low-carbon technologies. However, EU member states have already made clear that they would not tolerate interference with national sovereignty, especially when it comes to taking sensitive political decisions such as opting for nuclear power.