The European Union (EU) is likely to face a gas supply-demand gap of 27 bcm in 2023-2024. This gap could be reduced by enhancing its partnership with oil and gas producing countries with spare export capacity – particularly Algeria, Egypt and Nigeria – to incentivise the capture and export of gas that is currently wasted (flared, vented and leaked). To tap this opportunity the EU could combine two measures in the REPowerEU toolbox: joint gas purchasing and 'You collect/we buy’ schemes (purchasing frameworks aimed to incentivise the capture of wasted fossil gasses, including methane, under the EU energy diplomacy). This combination would enable the main barriers preventing greater capture of methane to be addressed while taking advantage of the Union’s leverage: the presence of non-operated joint ventures (NOJVs) controlled by EU-based undertakings in the region; and the upcoming EU Methane Regulation covering domestic emissions and those associated with fossil energy imports. This approach would help the EU increase its energy security without triggering unintended policy consequences: compromising on its climate targets; prolonging reliance on fossil fuels; or decelerating the energy transition in developing economies. If successful, the scheme could be replicated in other regions to support achievement of the Global Methane Pledge objectives.
As stated by the OECD, “water security in many regions will continue to deteriorate due to increasing water demand, water stress and water pollution.” Indeed water supply and sanitation (WSS) [...]
Electricity is used for railway traction. With the 4th Railway Package, traction current became excluded from the Minimum Access Package to be provided by the Infrastructure Managers (IMs) and was [...]
Transforming Europe into a climate neutral economy by 2050 in line with the European Green Deal places a particular responsibility on the transport sector, which accounts for a quarter of [...]
New European rules are being developed to shape electricity market design in a way that improves TSO- DSO coordination, makes efficient use of distribution-connected resources, and empowers the smallest network [...]
Having identified the basic characteristics of the current energy crisis and its particular shape in the European Union, three questions immediately arise. 1) If gas is at the ‘core’ of [...]
In this report we focus on the fundamentals of energy and climate policy as reformulated in the EU Green Deal. The 2022 edition includes updates following the publication of the [...]
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