Estonia’s former energy minister, Kadri Simson, won the European Parliament’s backing on Thursday (3 October) to take over the European Commission’s energy portfolio after a public hearing which left many MEPs unconvinced and green activists furious. “A mixed reaction”. This is how the centre-right European People Party (EPP), the largest political group in the European Parliament, described their feelings after the hearing of Simson, the EU’s nominee for the energy portfolio. But all in all, “the EPP group considers that the overall impression is acceptable – not least because we have a lot of common ground with her when it comes to energy policy,” said Christian Ehler, a German MEP who is EPP spokesman on industry, research and energy in the European Parliament.
Euractiv 4th Oct 2019 read more »
EU ministers have decided not to exclude nuclear projects from a sustainable finance classification scheme, despite opposition from Germany, Austria, Luxembourg and the European Parliament. The EU’s 28 member states adopted on Wednesday their joint position on the new rules to clarify what represents sustainable finance. The transition towards a ‘greener’ economy will require billions of euros. To achieve the EU’s 2030 climate targets, the European Commission has estimated that around €180 billion a year of additional investments in energy efficiency and renewable energy will be needed. Private funding will play a key role in this effort. However, not all investments marketed as sustainable financing meet the necessary environmental credentials. In May last year the Commission proposed setting up an EU classification system, or taxonomy, that will help to identify what economic activities are considered as environmentally sustainable.
Euractiv 25th Sept 2019 read more »