Tagged energy union

European Council conclusions: hidden in plain view

How many of us bother to look at what European leaders decide when they meet in Brussels or elsewhere? Did you know that their main decisions are published as “Conclusions” of the European Council? They have a major impact on our lives, directly or indirectly. But they are only selectively reported on and seldom studied in detail, as they should be. We decided to take our magnifying glass and go through the most recent European Council Conclusions, those adopted by the EU leaders at their meeting in Brussels on 19-20 March 2015.

The project for a single market for electricity and gas in Europe was given green light by European leaders at the EU Summit on 19-20 March. The European Council members also committed to support an active European climate diplomacy in line with the Union’s ambitious greenhouse gas emission reduction objective, and to expand infrastructure projects that aim to connect electricity and gas supply between countries.

The energy isolation of the Iberian Peninsula from the rest of Europe is hopefully coming to an end, or at least progress is expected to be made in that direction, following the 4 March 2015 signing of the Madrid Declaration by the Prime Ministers of Spain and Portugal, the President of France and the President of the European Commission. They met in Madrid and agreed to expedite energy interconnection efforts in South-West Europe and ensure timely implementation of ongoing and planned projects.

Three documents issued by the European Commission on 25 February 2015 aim to advance work on the Energy Union, a project figuring prominently on the Juncker Commission’s agenda. It is hoped that the proposed actions will help diversify Europe’s energy sources and turn the EU from the world’s largest energy importer to the world’s leader in renewable energy production.

Stable energy prices and a smooth supply of gas are a priority for Europeans, according to a special EU opinion poll on climate change held last year. The European Commission under its current president, Jean-Claude Juncker, seems to have heeded the concerns of Europeans and crafted a grand plan to form an energy union that would reduce dependency on Russian gas while fighting climate change. The energy union focuses on five different areas, also called dimensions, but the first one, security of supply, is by far the one that weighs more heavily in terms of EU’s foreign policy. It basically aims at reducing the dependence on imports.

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