CCS on the agenda of the EU-US Energy Council

CCS on the agenda of the EU-US Energy Council

CCS on the agenda of the EU-US Energy Council

Source: The European Commission press release, read full text here

The fifth EU-US Energy Council met on 2 April in Brussels, chaired by EU High Representative/Vice President Catherine Ashton, EU Commissioner for Energy Günther Oettinger, US Secretary of State John Kerry, and US Deputy Secretary of Energy Daniel Poneman.

The Council noted the shared objectives of the EU and United States in evolving energy policies in a manner that supports a transition to a low-carbon economy. The Council welcomed President Obama’s Climate Action Plan and the work underway on the EU 2030 Climate and Energy Package to address key sources of greenhouse gas emissions in the United States and the European Union respectively. With respect to post-2020 climate action, the Council reaffirmed our mutual determination to work towards the adoption in Paris in 2015 of a protocol, another legal instrument or an agreed outcome with legal force under the United Nations Framework Convention on Climate Change applicable to all Parties, to strengthen the multilateral, rules-based regime. In that context, the Council committed to cooperate further to address the need for fuel diversification in emerging economies and the importance of transitioning to competitive, safe and sustainable low carbon energy systems, notably through further development and deployment of renewable energies, energy efficiency, and deployment of carbon capture storage and utilisation. Continued innovation and investment in these areas will bring benefits in terms of energy cost savings and jobs, and contribute to the fight against climate change. The Council welcomed the emphasis that many countries and international bodies, including the World Bank, the OECD and the G-20 place on the phase-out of inefficient fossil fuel subsidies. The Council underscored the importance of addressing energy access and energy poverty issues in developing countries in ways that are consistent with a global transition to a low carbon economy.