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“Big business” N°117: Energy, will we get there?

2023-04-03T16:15:43.572Z


EXCLUSIVE LETTER SUBSCRIBERS - Legislative inflation in France and Europe on climate and environmental objectives creates a dizzying challenge of implementation.


Dear subscribers,

White smoke in Brussels!

At the end of a crazy week of meetings and years of intense battle, the "coreper" (Committee of Permanent Representatives) gave birth overnight from Wednesday to Thursday to a compromise on the renewable energy directive ("RED III" for the close friends).

This required cutting two pears in half.

The first, on the level of ambition for the share of renewables in the Union's final energy consumption (not to be confused with electricity production alone).

After the outbreak of the war in Ukraine, the Commission had proposed to raise this objective from 40% to 45% by 2030. It will finally be 42.5%.

Then, it was necessary to overcome the frontal opposition of two blocs, each at the head of a coalition of countries having the blocking minority,

between pro and anti-nuclear.

In the first camp, France of course.

It obtained the taking into account of the nuclear power in the calculation of the objectives of production of low carbon hydrogen…

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Source: lefigaro

All business articles on 2023-04-03

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