News: July 2015

European Commission publishes Energy & Climate Summer Package

On July 15, the European Commission released an Energy and Climate Summer Package aimed at modernising Europe’s energy system. The package is a critical element of the European Energy Union strategy, launched last February by the new appointed Commission. The Energy Union strategy intends to create a fully-integrated energy market, to enhance security of energy supplies, to promote energy efficiency, to foster CO2 emissions reduction and to boost energy research and innovation.

Parliament adopts CO2 market stability reserve

Source: EP news

The European Parliament voted in favour of the establishment and operation of a Market Stability Reserve (MSR) proposal, informally agreed with the Council, in yesterday’s plenary session.