The European Commission has presented first initiatives to boost investment in homegrown clean energy solutions, increase resilience and reduce energy prices in Europe.
EU member states have formally adopted a regulation to phase out Russian imports of both pipeline gas and liquified natural gas (LNG) into the European Union.
Following relentless Russian strikes on Ukraine’s energy infrastructure, the EU is deploying 447 emergency generators worth €3.7 million from EU strategic reserves to restore power to hospitals, shelters and critical services.
The European Union starts applying a new automatic and dynamic mechanism for price adaptation of the Oil Price Cap for Russian crude for the first time from 15 January.
Renewable energy sources accounted for 47.5 per cent of gross electricity consumption in the EU in 2024, a 2.1 per cent increase over 2023, according to figures from Eurostat.
A European Grids Package and Energy Highways initiative, proposed by the EU Commission, is aimed at enabling energy to flow efficiently across all Member States, integrating cheaper clean energy and accelerating electrification.
The European Commission has announced the opening of three new funding opportunities under the Innovation Fund with a total budget of €5.2 billion in EU Emissions Trading System (EU ETS) revenues.
