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Von der Leyen, the electricity market must be reformed

2022-06-08T12:59:58.847Z


(HANDLE) STRASBOURG - "The structure of the electricity market is designed as it was necessary 20 years ago, when we had to introduce renewables. Today the market is completely different, it is gas that is the most expensive source and defines the price", while " renewables cost less and this no longer works. We must therefore reform it and adapt it to the new reality. The Commission has taken on this task


STRASBOURG - "The structure of the electricity market is designed as it was necessary 20 years ago, when we had to introduce renewables. Today the market is completely different, it is gas that is the most expensive source and defines the price", while "

renewables cost less

and this no longer works. We must therefore reform it and adapt it to the new reality. The Commission has taken on this task, it is not something trivial, it will take time ".

This was stated by the

president of the EU Commission Ursula von der Leyen

in response to the plenary of the EP.

The Ukrainian food and grain crisis is the result of "a cold, callous and calculated siege by Putin on some of the most vulnerable countries and people in the world.

Food has become part of the Kremlin's arsenal of terror

," added von der Leyen reiterating that European sanctions do not target foodstuffs blocked in Ukraine.

"The Russian invasion of Ukraine does not only impact the economy, geopolitics or security. It affects the lives and livelihoods of millions of people. This year alone, at least 275 million people are likely to be. at high risk of food insecurity around the world. And in an inflationary trend, the risk is that the numbers can quickly lose control. "

"We are facing a series of crises that will exacerbate food insecurity and debt suffering in the world".

"At the moment we need to get food to Africa. This is a short-term solution. And we also need to see how we use our cereals in Europe and how much we can deliver to Africa. But as with vaccines, in the medium and long term. term, our export to Africa should not be necessary. "

There are several tools identified by the president of the EU Commission Ursula von der Leyen to tackle the food crisis.

“The first is to keep the markets open so that trade can continue to flow. This means stepping up our work on the Paths of Solidarity. We are working hard to provide an alternative way to ensure that wheat gets to market as quickly as possible. This will help ... but the world needs the Black Sea ports and their operations ", underlined von der Leyen speaking on the conclusions of the European Council at the end of May.

"The European Union also maintains its food exports, and so should everyone else. The second area of ​​intervention is solidarity and support for partners.

This is short-term support for the countries most at risk.

For example, we are investing an additional € 225 million to address the urgent needs of our Southern Neighborhood partners.

And next week I will be in Egypt to discuss with President el-Sisi on how to best target our support for the region.

The third response area is investing in making local production more sustainable and resilient ".

"We must eliminate the energy dependence on Russia. We have already got rid of coal. We will be able to reduce oil by 90% by the end of the year. I would have hoped for 100% but unanimity forced us to accept."

"We have facts that go in the right direction, now we have the common storage of gas and have formed a common purchasing platform and this is very important, because if we work at 27 we are a big market power", he added in his reply to the Plenary, recalling how the EU buys "75%" of the world's gas.

Source: ansa

All news articles on 2022-06-08

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