News

This week, the European Commission is joining global energy and climate leaders in Paris to celebrate the 50th anniversary of the International Energy Agency at the annual International Energy Agency Ministerial Meeting. 

15 years since the first Covenant of Mayors ceremony, the initiative prepares for a new era in which implementation of the European Green Deal at local level will take centre stage.

The European Commission is establishing a new European Industrial Alliance aiming to accelerate the development, demonstration and deployment of Small Modular Reactors (SMRs) in Europe by the early 2030s.

The European Commission has informed the Greek electricity provider Public Power Corporation (‘PPC') of its preliminary view that it has breached EU antitrust rules by selling electricity in the Greek wholesale market below cost, thereby excluding its main rivals.

In the list of February infringements, there is one energy-related letter of formal notice and one reasoned opinion. 

The Communication identifies a set of actions to be taken at EU and national level to enable the deployment of these technologies and the necessary infrastructure to establish a single market for CO2 in Europe in the decades ahead.

In 2022, the share of renewable energy sources in transport reached 9.6% at EU level, a 0.5 percentage points (pp) increase compared with 2021 (9.1%), but still 0.7 pp below the highest level ever reached in 2020 (10.3%).

The Commission has today published a detailed impact assessment on possible pathways to reach the agreed goal of making the European Union climate neutral by 2050. Based on this impact assessment, the Commission recommends a 90% net greenhouse gas emissions reduction by 2040 compared to 1990 levels.

The Commission welcomes the provisional political agreement reached today between the European Parliament and the Council on the Net-Zero Industry Act (NZIA).