Electricity market reform: return to long-term contracts in the short term?
According to the EC, the design of the electricity market no longer suits current market developments with high gas prices on the one hand and a growing supply of renewable electricity on the other. Ursula von der Leyen, President of the Commission, already summarized the essence of the reform in her speech on the State of the European Union in September [....]
The 27th Climate Conference in Sharm-el-Sheikh: Making or cracking climate policy?
Countering Climate Damage Despite the disappointments, there is a glimmer of hope. One of the victories of the most high-profile climate conference is an agreement to establish a Loss and Damage Fund. This is to help the most vulnerable countries affected by climate change impacts, such as from drought [....]
Natural gas plants and nuclear power labeled sustainable in European taxonomy
With the creation of a European taxonomy, the European Commission is defining exactly which investments may be called "green" by investors. On Feb. 2, the European Commission published a proposal that clarifies whether investments in natural gas and nuclear energy can be called "green." The proposal is controversial; in fact, the European Commission proposes that investments [...]