Showing posts with label European Parliament. Show all posts
Showing posts with label European Parliament. Show all posts
Saturday, May 4, 2019
Tuesday, August 14, 2018
Revealed: ExxonMobil's private dinner with Cyprus' top EU brass - EU OBSERVER
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| De Warande |
PETER TEFFER
Oil and gas firm ExxonMobil recently hosted Cypriot MEPs, Cyprus' highest EU diplomat and EU commissioner Christos Stylianides at a dinner in a private club in Brussels, to inform them about its offshore drilling plans near Cyprus.
However, no record was made of what was said at the out-of-hours private event, causing concern for campaigners on the question of the EU's transparency and accountability on meetings with lobbyists.
The dinner, held in April, was confirmed by all parties - but only after EUobserver asked the European Commission for information about the meeting in an access to documents request.
The commission's register of meetings had merely stated that Stylianides – a Cypriot – had a meeting with ExxonMobil about "update of exploration activities offshore Cyprus".
Tuesday, March 14, 2017
MEDREG calls for integrated, competitive Mediterranean gas market - NEW EUROPE
By New Europe Online/KG
One of the priorities of the Maltese EU Presidency will be to draw attention on the region
The implementation of a stable regulatory framework is a prerequisite to attract investors and ensure energy security of supply, Turkish energy regulator (EMRA) Vice President and MEDREG representative Mehmet Erturktold a seminar in the European Parliament in Brussels on March 8.
He mentioned MEDREG report mapping out current and projected gas and electricity infrastructures in the Mediterranean basin, identifying the main barriers for investments and drawing a set of recommendations to overcome them. A survey submitted to Mediterranean regulators has revealed that the lack of clear institutional framework and regulatory obstacles constitute some of the biggest barriers to investments, Erturk said.
Tuesday, October 25, 2016
EP: Development of gas resources in Cyprus should be actively pursued - FAMAGUSTA GAZETTE / CNA
FAMAGUSTA GAZETTE CYPRUS•
Tuesday, 25 October, 2016
The development of the domestic conventional gas resources discovered in Cyprus should be actively pursued, a resolution adopted on Tuesday by the European Parliament in its plenary session, in Strasbourg, stresses.
The resolution further notes that new LNG capacity being developed in the Mediterranean could form the basis of an infrastructure hub.
The MEPs call for the prioritisation of gas production in the Mediterranean, Black Sea and Caspian regions, as well as for interconnecting landlocked countries in Central and South-East Europe to these new capacities in order to diversify supply sources in those regions.
Monday, October 24, 2016
Cyprus funding, budget, natural gas, EC and Turkey on agenda of EP plenary - FAMAGUSTA GAZETTE / CNA
The plenary session of the European Parliament, that convenes this week in Strasbourg, is expected to vote on prolonging top-up in EU funding for projects in Cyprus.
The members of the European Parliament are expected to vote on Tuesday on a special provision whereby the EU would pay up to 85% of project costs in Cyprus until the closure of the 2014-2020 programmes.
They will also vote on plans to prolong a 10% increase in the EU contribution towards project costs in Greece until 30 June of the year following the end of its economic adjustment programme.
Sunday, February 21, 2016
Poseidon Med II Pursues East Mediterranean LNG Bunkering - NGV GLOBAL NEWS / POSEIDON MED II
Logo-Poseidon Med II POSEIDON MED (PM-I), the first Cross European Border project which aimed to introduce LNG as the main fuel for the shipping industry and develop concepts for an Eastern Mediterranean LNG bunkering infrastructure, has completed this first phase and graduated to POSEIDON MED II (PM-II). The new European project aims to design the legislative and market prerequisites for the use of LNG as a marine fuel, again in the Eastern Mediterranean.
A ceremony held in the European Parliament on 17 February marked the formal conclusion of PM-I and commencement of PM-II. The event brought together Members of the European Parliament (MEPs), Member States’ Permanent representatives, delegates from the European Commission, industry participants, as well as the Poseidon Med project partners.
Saturday, February 28, 2015
Europe rescues its carbon market | Energy and Carbon Blog
Europe rescues its carbon market
Posted on : 27 Feb 2015 by Gerard Wynn
Something remarkable happened on Tuesday, when a group of European parliamentarians voted to approve reform of Europe’s carbon market.
It was remarkable on two counts: first, the vote reversed a previous existential threat to the market, assuring its future; and second, the Parliament made the Commission’s proposals more ambitious.
The European Commission is well known for prioritising social and environmental goals, which the European Parliament and EU member states subsequently tone down. On Tuesday, however, the Environment Committee of the European Parliament took the Commission’s proposals to make the carbon market more environmentally effective, and made them tougher.
This new resolve reflected the realisation that the EU emissions trading scheme (ETS) now desperately needed fixing, to fulfill its role in energy and climate policy.
The EU ETS involves around 12,000 polluting industrial installations, including factories and power plants. Collectively, they face an annual emissions cap of about 2 billion tonnes of carbon dioxide (CO2). The cap is achieved through an annual quota of 2 billion tradable emissions permits, called EU allowances (EUAs).
During the financial crisis, many of the EUAs were un-used, building up an annual surplus that now exceeds 1.5 billion tonnes. This surplus will barely shrink over time, even as the EU’s new emissions targets kick in through 2030. Without additional steps, the EUA surplus will be bigger in 2030 than it is today (see chart below).
The EU has already agreed to temporarily remove some 900 million surplus EUAs from 2014-2016. But it would then return them to the market in 2018-2019, in a process called back-loading (see chart). Two years ago, the European Parliament had even rejected back-loading, in a decision which posed an existential threat to the market, by threatening low, irrelevant carbon prices for decades.
To eliminate the surplus, the European Commission has proposed a market stability reserve (MSR), a kind of central bank, which would remove or add EUAs to the market, according to whether they were in surplus or deficit. The Commission had proposed to launch the MSR in 2021.
The Parliament Environment Committee has taken these proposals and made them tougher, and more urgent.
First, it has brought the MSR launch forward to the end of 2018. Second, and most significantly, it has proposed to remove 900 million EUAs from 2019-2020, and put these into the MSR directly, bringing the carbon market back into balance much quicker. And third, it proposed to put into the MSR any additional, unallocated EUAs as a result of factory closures by 2020.
Together, these measures mean that the EU ETS is back on track, and we can expect meaningful carbon prices of more than 15 euros in the 2020s, compared with about 7 euros now, enough to drive long-term investment away from coal to gas and renewables.
The Environment Committee amendments should now become law, probably before the summer break, once representatives of Parliament and member states have made any further changes, which are likely to be small.
Source: http://energyandcarbon.com/europe-rescues-its-carbon-market/
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