Friday, June 2, 2023

Brussels cracks down on China and US energy measures

Brussels cracks down on China and US energy measures

The European Commission will give next week a package of energy measures that aims to reform the electricity market, boost clean energy and the dependence on third-party supplies to position the EU as a worthy competitor in the green class and thus the goal of powers like China or the US, who intend to stand out with the money doping in their companies .

Although the executive president of the Community, Ursula von der Leyen announced on Friday from Washington a clean energy agreement with the US and both parties will work on access to critical raw materials, these plans are part of Brussels’ policy against the system. the impact on the European economy from the injections of the Inflation Reduction Act (IRA) with a package of 369,000 million dollars, and the investments in clean technologies announced by China, which exceed 280,000 million dollars.

New regulations

After Thursday’s announcement of the relaxation of public support that allows European countries to match third-party offers to prevent the company’s flight, Brussels will pass the law next Tuesday for zero-emission energy and the regulation of critical raw materials, two complementary regulations. to prevent trade migration and European self-sufficiency in the production of new technologies, while reducing CO2 emissions.

In a context in which the world’s main market for zero-balance sheet production technologies is expected to triple by 2030, with an annual value of around 600 billion euros, the EU wants to seize this opportunity, as competitors have already passed through the ambition. Care measures are part of this new market. However, the resistance of future energy systems will be measured primarily by the security of access to the technologies that feed them, such as turbines, electrolysers, batteries, solar photovoltaic energy or heat pumps, strategic areas in which Europe is involved. advice


No net energy law applies to the actions announced in this context, with the aim of simplifying the regulatory framework for the production capacity of technologies, which is key to meeting the climate neutrality objectives of the Union and ensuring the resilience of the decarbonized energy system, but currently depends on three countries such as China, which reaches 90% in some parts of the supply chain.

In this regard, the regulation contains measures for the speed of the red engine with the aim that by 2030 the capacity of network technologies of zero emission technologies will reach at least 40% of the annual EU establishment necessary for the corresponding technologies. reduce net greenhouse gas emissions by at least 55% from 1990 levels.



Results in renewables. These measures will follow on Thursday a proposal to reform the electricity market by increasing the presence of renewables to the detriment of fossil fuels and facilitating long-term contracts to reduce price volatility and protect consumers as it is already protected. He presented that approach to the Commission last January. According to the draft, which is subject to change until public publication, Brussels urges member states to “strive” to create market conditions for long-term market-based instruments such as power-purchasing agreements.

Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
Latest news
Related news


Please enter your comment!
Please enter your name here