Saturday, July 26, 2014

Where Next for EU Climate and Energy Policy?


The European Commission is expected to deliver a report on energy security in June, but divisions within Europe could see climate strategy take a back seat.

In response to the Ukraine crisis, Europe's leaders have recently called for an in-depth study of EU energy security, urging the European Commission to produce a comprehensive plan for reducing energy dependency by June this year.

At a meeting of the European Council in March, member states also agreed to 'show solidarity' in case of sudden supply disruptions in one or several EU countries, and called for an acceleration of existing measures aimed at bolstering the union’s energy integration.

The renewed focus on energy security is hardly a surprise. Russia supplies about 30 per cent of the EU’s gas, of which about half is piped through Ukraine. The current crisis raises important energy questions about the likelihood of a supply disruption or price spikes should Russia decide to turn off the taps supplying Ukraine. (Putin has already warned of this possibility in a letter to 18 European leaders.)

See full Press Release: https://www.chathamhouse.org/media/comment/view/199181