By Christian Oliver
Expectations from the EU’s 2030 energy and climate targets: The EU will on Wednesday propose a series of energy and climate targets that will have a profound impact on how the continent generates its power. The overarching goals will be accompanied by proposals on the development of shale gas and measures to rescue the EU’s carbon market, which has fallen into disarray. The measures are being hotly contested as the targets are seen as vital to determining power prices and industrial competitiveness.
Early drafts of the package and people close to the talks suggest that the following are the most likely outcomes: Read more
A wall of resistance from European Union governments and industry stands in the way of the efforts of Connie Hedegaard, the EU’s climate action commissioner, to secure a pledge from the 27-nation bloc to cut its greenhouse gas emissions by even more than it is already committed to doing.
Hedegaard contends that the EU can afford to set itself higher targets, because Europe’s recent recession – the worst in its history – reduced economic activity and so slashed the cost of meeting the goals set in 2008. The EU’s basic target is a 20 per cent cut in emissions by 2020 from 1990 levels. Hedegaard would like to raise the target to 30 per cent, thereby maintaining Europe’s self-image as the frontrunner in world efforts to tackle climate change. Read more
What does 2010 hold in store for the European Union? With people in Brussels only just drifting back to work after a couple of weeks of snow, sub-zero temperatures and seasonally adjusted flu, it seems too brutal to plunge straight into topics such as the “2020 Strategy“, the “Reflection Group“ and other elusively named EU initiatives of which we are certain to hear more as the year moves on.
What one can say is that the EU ended 2009 feeling rather more pleased with itself than perhaps it had expected 12 months previously. Despite suffering the most severe economic contraction in its history, the EU avoided a meltdown of its financial sector, stuck fairly well to its rules on fair competition and free trade, and even witnessed a return to growth in certain countries. Read more
The biggest fights at European Union summits are usually about money. It’s no different this time. At their final summit of 2009, the EU’s 27 national leaders have been wrestling in Brussels with the question of what contributions each country should make to a “fast-start” fund to help developing countries address climate change.
It looks as if EU governments will come up with an offer of about €2bn a year – much of it coming from rich countries such as France, Sweden and the UK - for the three-year period of 2010 to 2012. “Anything above €2bn will be an impressive offer,” European Commission president José Manuel Barroso said this morning. Read more
What should be the top five priorities of the next European Commission?
1) Top of my list is the defence, and if possible the strengthening, of the single European market. This is the European Union’s bedrock achievement. It secures prosperity for its citizens, and it underpins the EU’s collective weight in the world. Without the single market, the EU would lose not merely its cohesion but its very reason for existence. The single market is under strain at present because of the emergency measures taken over the past year to prop up Europe’s banking system. These have, in effect, suspended the EU’s state aid rules in this sector. The Commission will need to be tough in making sure that EU governments do not manipulate the rules as the emergency measures are gradually withdrawn. Meanwhile, it should continue to press the case for integrating and liberalising the EU’s service sector, which accounts for two-thirds of all EU economic activity. Read more