The energy crisis will be painful for many Europeans and emergency measures are needed to ensure gas keeps flowing to keep people warm for the next few months. But the EU must also recognise that this is good money thrown after bad, writes Jonathan Gant.
The European Commission last week published an updated methodology to assess which gas infrastructure projects will be eligible to receive EU funding, triggering warnings by environmental groups and a senior member of the European Parliament.
Eleven countries, including Germany, Denmark and the Netherlands, were set to reject a plan to prolong EU support for cross-border natural gas projects, and instead push for rules to exclude fossil fuels, according to a document seen by Reuters.
Eleven EU countries have signed a declaration calling on the European Union to stop funding fossil fuels under its trans-European energy infrastructure regulation (TEN-E), which is currently under revision.
The Commission’s proposal for a revised regulation on trans-European energy networks (TEN-E) acknowledges the climate mitigation potential of carbon dioxide networks, but fails to introduce measures to that would allow it to become reality, argue Lina Strandvåg Nagell and Lee Beck.
In less than a decade, the European Union has spent €440 million on gas pipelines that have either never been completed or are likely to fail, according to new research published on Monday (22 February).
The European Commission on Tuesday (15 December) proposed rules to restrict EU funding for natural gas infrastructure and instead funnel cash into electricity and low-carbon energy networks to meet climate goals.
The European Commission will unveil plans on Tuesday (15 December) to finance cross-border energy infrastructure, as pressure builds on the EU executive to provide funding only to clean energy projects that will accelerate the transition to climate neutrality.