Letter from Brussels: National realpolitik may water down EU climate policy
The EU is staking out a clear path towards climate neutrality, pursuant to its green deal. But national implementation in the decade ahead may fall short
The European Commission appears to have broad political support for its flagship climate policy. But it may lose steam when EU member states face translating policy into concrete action, with national governments keen to protect domestic industries and consumers while the economic consequences of Covid-19 continue to resonate. In October, the Commission presented the fifth edition of its State of the Energy Union report. This year’s publication boasts of progress on EU energy market integration, with a significantly more liquid European gas market—trading volumes on EU gas hubs saw an impressive 32pc year-on-year growth in the first quarter of the year alone. And it identifies "a clear need
Also in this section
13 January 2025
With Namibia, Guyana and Brazil playing starring roles and important innovations being developed, business as usual has never looked so good
13 January 2025
Regional cooperation over the development of gas resources has the potential to bring peace and prosperity to the East Mediterranean
13 January 2025
Significant expansions are underway in both liquefaction and regasification capacity as LNG firms up its position as a long-term solution for the world’s energy needs
10 January 2025
New Petroleum Economist OPEC+ oil survey sees group improve compliance to ensure oil market stability going into 2025