China’s solar panel manufacturers are facing an uphill battle in their legal fight against the EU, which last week targeted them as it launched the bloc’s biggest-ever an anti-dumping investigation. The case involves Chinese exports of solar panels, wafers and other products that totalled some €21bn last year.
More than half of such anti-dumping investigations result in tariffs being imposed, according to EU officials. Yet there are at least two technical factors at work in the solar dispute that could make the odds even worse for the Chinese. Read more
The European commission, the European Union’s executive arm, has been one of the staunchest supporters of the proposed Nabucco pipeline, a 3,900-kilometer behemoth that would carry natural gas from the Caspian region to Austria.
For the commission, Nabucco represents the backbone of a new southern corridor that would break Europe’s dependence on imported Russian gas. It has touted the project repeatedly over the years, and has also opened its wallet, committing up to €200m in funding.
But in a recent conversation with Brussels Blog, Gunther Oettinger, the energy commissioner, made a departure from the usual script and gave support to the growing suspicion that the full Nabucco may be a lost cause. Read more
Next week marks the one-year anniversary of the tidal wave that unleashed a disaster at Japan’s Fukushima nuclear facility and forced a profound shift in Europe’s nuclear debate.
Within weeks of the disaster, Angela Merkel, the German chancellor, decided to switch course and phase out the country’s nuclear plants – a move that was subsequently copied by Switzerland and Belgium.
Talk of a nuclear revival that once filled the air in Italy and other member states – encouraged by the industry and supportive governments – has been dashed. Even in France, Europe’s nuclear champion, public opinion has turned increasingly negative.
But in spite of Fukushima, one European Union member state has lost none of its nuclear ardour: Lithuania. Read more
When word filtered out on Tuesday that Russia’s Gazprom would be capping its gas shipments to the European Union, a shiver went through an unusually frigid Brussels.
After two major supply cuts in the last ten years – the most recent in 2009 – European policymakers have become conditioned to believe that any interruption in Russian gas may be the beginning of another full-blown crisis instigated by the Kremlin.
Gazprom said it was going to have to limit European sales in order to serve the needs of domestic consumers struggling through a cold winter. Fears appeared to subside a bit, though, when the company promised to try to make up the difference over the coming days.
Perhaps the most surprising thing about the incident is how quickly it has become a non-event. The reason, according to EU officials, is that the continent learned the lessons from the last gas crisis and has worked to make itself far less vulnerable to future Russian shocks. Read more
In the corridors of Brussels’ elegant Stanhope Hotel on Wednesday afternoon, the well-turned-out movers-and-shakers of the European energy world were marvelling at the sizeable budget and high-profile guest list for the event they were attending. Read more
Is it possible that people are overreacting to the crisis at Japan’s stricken Fukushima nuclear facility? Read more
As we’ve been reporting for the last couple of days, many of the fiscal measures that we once thought had been agreed for the two-day summit are unravelling, thanks in part to Finland’s objections to finalising an increase in the eurozone’s €440bn bail-out fund and Germany’s sudden objection to the structure of the €500bn fund that will replace it in 2013. Read more
Beleaguered Japanese officials are already grappling with a humanitarian crisis wrought by a biblical earthquake and tsunami, and the prospect of apocalyptic meltdowns at a pair of stricken nuclear reactors. Add to their list of woes one European commissioner.
That would be Gunther Oettinger, the energy commissioner, whose ill-judged remarks about the crisis on Wednesday have helped to make a bad situation worse. Read more
As European leaders gather in Brussels for a summit meeting nominally dedicated – for the first time – to energy policy, one uninvited guest is looking on with some dismay: Russia.
High on the agenda is energy security. Which is a polite way of saying that European leaders are discussing how the bloc can break its dependency on Russian gas. In some parts of the EU – notably among the new member states of central and eastern Europe – that policy goal has become an obsession.
“We are totally dependent,” said one Lithuanian diplomat. “Whatever Gazprom says, we pay.” Read more
Friday’s summit of European heads of government has long been signposted as one of European Council president Herman Van Rompuy’s new interim conclaves to deal with a policy issue of crucial importance to Europe, in this case energy security.
But as many diplomats predicted, energy is increasingly getting drowned out by other, more pressing demands.
First, José Manuel Barroso, the European Commission president, called on the summit to be used to hash out an overhaul of the eurozone’s €440bn sovereign debt bail-out fund so it’s able to more flexibly deal with bond market assaults on struggling “peripheral” economies.
Although that won’t happen, Van Rompuy has agreed to turn over the summit’s traditional working lunch to the eurozone crisis, and Angela Merkel, the German chancellor, has decided to use the opportunity to float a new plan for greater coordination in economic and fiscal policies among eurozone countries.
Now, it seems, the afternoon is being taken over by yet another crisis: Egypt. Read more