EU Should Launch Guarantee Programme to Boost RES Investments in SEE
EC’s Multi-Stakeholder Platform to Help Reach Sustainable Development Goals
At their first meeting, which took place in January, members of the platform on the follow up to the United Nations Sustainable Development Goals in the EU agreed to work on a joint contribution to the European Commission's Reflection Paper "Towards a sustainable Europe by 2030", which was announced in the European Commission's 2018 Work Programme and will be adopted later this year at the latest, the Commission announced.
State of the Energy Union: Considerable Achievements and New Electricity Interconnection Target
The European Commission published its Third Report on the State of the Energy Union in November, stressing that Europe's transition to a low-carbon society is becoming the new reality on the EU's ground. However, the report also confirms that energy transition is not possible without adapting the infrastructure to the needs of the future energy system. Considerable achievements have been made but bottlenecks remain particularly in the field of electricity. To address this, the Commission today adopted a Communication on the 2030 electricity interconnection target of 15%. It also adopted the third list of Projects of Common Interest (PCIs).
Lack of energy efficiency projects
The European Fund for Strategic Investments (EFSI) - worth EUR 20 billion, also known as the ‘Juncker Plan’, does not contribute enough in the fight against climate change, states an analysis of the EFSI investments. The analysis evaluated operations funded by the EFSI from its start in 2015 until October 2017. The analysis by CEE Bankwatch Network, CAN Europe, Counter Balance and the WWF European Policy Office shows that even though the imbalances in geographical and other sectors have become less problematic over this period, they have not been eliminated. The fund is still not reaching the right geographical and sectorial targets set by the EFSI Steering Committee in its Strategic Orientation document.
We are making synergies between AS projects: project GRETA and their press release!