EnergyWatch

Policy & Trading

EU Parliament increases green targets for Europe

The stage is set for a showdown with the member nations, particularly when it comes to the renewable energy directive, after the EU Parliament has today voted for a 35 percent target in 2030 and an equivalent target for energy efficiency.

New buildings directive: "We have broken through a barrier"

In December, Danish MEP Bendt Bendtsen helped settle the EU's new buildings directive, and while the directive was not as tightly regulated as the EU Parliament would have wished, he is satisfied with the result. The process of making European buildings more energy efficient is now being launched and this will create a natural snowball effect, says Bendtsen.

EU Parliament to vote on series of energy laws today

Today is a big day for energy in the European Parliament. This afternoon, MEPs will vote on their joint position concerning three decisive energy legislation proposals. This could decide the fate of the green transition, according to lobby organization Danish Energy.

Norway bans new oil areas off Lofoten

After Norway's Liberal Party has been included in the new Norwegian government, it will no longer be possible to extract oil and gas in certain contested areas, nor in the Skagerrak.

Onshore wind now beats fossil energy globally in price

A continued decline in price means that not only solar power and onshore wind will be cheaper than fossil energy in 2020, but the same will be true of offshore wind and other renewables, according to a new report. However, Europe might lose jobs.

Major German coalition rumored to be close

After almost four months with no government in Germany, Angela Merkel and the German social democratic party SPD are close to teaming up. The nation will allegedly drop its 2020 target for CO2 emissions, however, green ambitions for 2030 will significantly increase.

2018 to be a big year for EU energy policy

2018 will be a big year for EU energy policy. The member countries and EU Parliament will negotiate their way to the final legislative texts for a total of seven legislative proposals issued by the EU Commission in 2016.

Esvagt looks to expand fleet after large capital injection

The fresh capital from the owners of Danish carrier Esvagt will be spent buying new wind vessels. "We expect that offshore wind will make up 40-50 percent of revenue within approximately three to four years," CFO René Just tells EnergyWatch sister site ShippingWatch.

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