The European Sting is Your democratic, independent and top quality political newspaper specialized in European Union News. Unique Features: iSting & Harry Sting
The European Investment Bank (EIB) last Saturday has signed a new € 150 million long-term loan with the Indian Renewable Energy Development Agency (IREDA), to support renewable energy investment across India. The loan was approved and signed by EIB’s President Werner Hoyer, the day before he also attended the International Solar Alliance summit in New […]
Russian gas giant Gazprom announced on Saturday it has officially started the procedure of terminating contracts on gas supplies and transit with Ukraine. The move came after a Stockholm arbitration court ordered Gazprom last week to pay more than $2.5 billion to Ukrainian energy firm Naftogaz. The Stockholm ruling, which represents the last act of […]
Last week, the European Investment Bank (EIB) approved a € 1.5 billion loan for the Trans Adriatic Pipeline (TAP), a pipeline project to ship gas from Azerbaijan to Italy via Greece and Albania. The funding is part of a € 40 billion project to bring new gas supplies to Europe, the Southern Gas Corridor, and […]
The European Commission published its third annual energy report last Friday showing the progress that has been made so far since the last report in February of this year. Many policies’ amendments have been proposed for the next decade towards a greener environment and a more harmonised EU gas market. The majority of the EU […]
It was last Wednesday when the EU energy ministers met in Estonia with industry representatives to sign the Tallinn energy declaration targeting at the digitalization of the market. This declaration aims at helping the EU to meet its climate and energy targets via digital and innovative solutions. This action is meant to add significantly to […]
Last week came to be a crucial one for the long-standing dispute between the Russian energy giant Gazprom and the European Union. Gazprom will work on a compromise with EU regulators and will finalise a deal to end a five-year antitrust case avoiding fines and any other imposed term, according to official declaration. The news […]
This article was exclusively written for the European Sting by Mr Maroš Šefčovič, Vice-President of the European Commission responsible for the Energy Union. The role of energy in our day-to-day lives is undoubtedly crucial for the functioning of any modern society. From powering homes, our vehicles, and our industries, energy is one of the most important commodities in the […]
It was last Tuesday when the Commission launched a set of measures to increase energy security in the European Union. The executive arm of the EU now aims mainly at reducing dependency from countries outside the bloc (i.e. Russia), endorsing the energy union and decreasing the use of fossil fuels by replacing them with renewables. Being one […]
The World Economic Forum 2016 in Davos opened its doors earlier this morning with the first major session of the day and of the Forum being on Climate Change. Its title was “Around the World without Fuel or Fear” and it took place in the Congress Hall of the Davos Congress Centre. The stimulating session […]
Following a few months of mere “meditation”, the European Commission and Russia held a bilateral meeting in Vienna last week where they finally made progress on Ukraine gas supplies and energy security. Russia was represented by the Minister for Energy, Mr. Alexander Novak and the CEO of Gazprom, Mr. Alexej Miller. The EU was represented by Maroš Šefčovič, Vice-President […]
Last week, amid uncertainty driven by the Greek vote in the referendum, an important step towards Energy Union was taken. Fifteen EU and Energy Community countries signed a deal to accelerate the building of gas infrastructure, and so to reduce their long lasting reliance on Russia. Ministers from Ukraine and other fourteen countries, more than half […]
The UN talks that are being held in the context of a 10-day climate conference in Bonn are highly crucial for the preparation of the final agreement that must be signed at the climate summit in Paris in 6 months from now. Therefore, officials from 190 nations are gathered in the German city to discuss […]
The proposal of the European Commission (EC) back in 2012 regarding the reduction of traditional biofuels as renewable energy sources to 7% of final energy consumption in transport by 2020 seems to have serious chances of being adopted by the European Parliament (EP) since the environment committee was in favor of this proposal during yesterday’s meeting. […]
The European Commission (EC) official convened in Brussels two days ago to discuss and decide about the crucial matter of the European Energy Union. The strategy of the implementation of this Union was presented and according to Maros Šefčovič, vice-president of the EC, would be “the biggest energy project since the Coal and Steel Community”. However, […]
Yesterday at the European Parliament a crucial vote for environmental protection was cast. The Environment Committee of the Parliament made a decisive step towards the limitation of greenhouse gas emissions in the Old Continent, combatting climate change. What is known as the biggest carbon emission market in the world, the EU, will be tackling the issue with […]
“Energy” is a word that may sound a bit alarming in the European Union nowadays. This happens because Europe has a problem: its energy supplies are not secure. The EU’s prospects of remaining a strong, independent economic and political player in the international arena will largely depend on whether the bloc will be able to […]
One month is more than enough in international diplomacy to flip the world. During the last month of this long 2014 we were cought by surprise by the speed of the evolutions regarding the “EU-Turkey” project. Things were changing so fast every week of this December that even the most experienced analysts remained numb and thus preferred […]
The latest Eurostat data on employment and industrial production for the Eurozone economy point invariably to stagnation, if not recession, while the long-term tendency of household consumption, as a percentage of GDP, appears falling. In short all the key growth indicators of the economy are quite disappointing, to say the least. The economic problems of […]
The European Union Heads of State last week reached an agreement on what it was welcomed as “the world’s most ambitious” target yet for cutting carbon emissions. European leaders have defined the headline targets and the architecture for the EU framework on climate and energy for 2030, having signed a pact obliging the EU as […]
The highlight in Brussels this week is certainly the EU Council of tomorrow, Thursday 23 October. The reason is not because it will be the last one presided by Mr Van Rompuy, but because the major topic to be discussed in the agenda is the EU climate targets 2030. It has been 10 months that the […]
So it happens again. The EU is compromising its own policies to endorse trade and business. What’s wrong with that? Just an equivalent environmental damage of 6 million cars in the European roads by 2020. It was only yesterday morning that the European Commission issued a controversial proposal that undermines its own 2020 targets to […]
The E.U. together with the U.S. decided to impose harsher economic sanctions against Russia last Wednesday. This action was expected since Russia continued to further scale its violent military intervention in eastern Ukraine despite the warnings that were given by the U.S. and E.U. U.S. sanctions focus on financial and energy sectors The U.S. are taking advantage of what is […]
Written by Günther Oettinger, European Commissioner responsible for Energy In the European Union, energy and industry are two sides of the same coin. A strong industrial base is the precondition for the robustness of our economy, for the excellence of our research and for the number and quality of our jobs. Industry accounts for over […]
Last Friday Ukraine and the EU signed the political part of the Association Agreement. Although deliberately diminished in Europe, the significance of this event is unquestionable for Ukraine and its government ad interim. Political association is taken in Kiev as a sign of European acknowledgment and recognition at a time of continuing threats from Russia. The economic part […]
Energy Forecast Pan European 2014 Outlook organized by Premier Cercle in Brussels has become a platform for networking between the EU officials, key market players and financial institution representatives. In February delegates had a unique opportunity at the center of Brussels to discuss long-term trends, perspectives, and challenges in energy sector in Europe and worldwide. Political, […]
Yesterday, the European Commission took the middle, not ambitious path, on the burning issue of climate protection. It chose to propose rather conservative targets for reduction of greenhouse gas emissions and energy production from renewable resources, easy to achieve and not demanding extra efforts in the investments front. To this effect, early yesterday, José Manuel […]
The European Generation Strategy Summit & Power Project Financing and New Technologies Forum took place in Vienna on 27-29 November 2013, attracting high-end players from the European energy market and politics. The European Sting, a keen follower of Energy Affairs at the Old Continent, was there to contribute to the dialogue and report on the event. […]
As we are writing the epilogue of 2013, collecting and assessing the bits and pieces of a rather important year in the EU Affairs, some people in Brussels are already pointing towards 2014, a milestone year for the EU for many. There is no doubt that one of the biggest 2014 challenges will be for […]
On 15-16 October 2013 Kyiv hosted the Fifth International Renewable Energy and Energy Efficiency Forum. Organized by the IBCentre and Association of Alternative Fuel and Energy Market Participants of Ukraine, this annual event has become a discussion platform for the key alternative energy stakeholders and regional experts in wind, solar, hydro and biomass energy matters, […]
At a time when the Mediterranean Sea is not at its most peaceful times the European Commission presented a study which finds that the “establishment of maritime zones, including Exclusive Economic Zones (EEZs), in the Mediterranean would benefit the EU’s Blue Growth and wider sustainability agendas”. The study is entitled “Costs and benefits arising from […]
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