EU launches investigation into power exchange EPEX SPOT

The investigation will focus on intraday trading services in at least six member states – Austria, Belgium, France, Germany, Luxembourg and the Netherlands

EU to invest nearly €1bn in new energy infrastructure projects

Grants will be provided for 10 projects – two for electricity transmission, one for smart electricity grids, six for transport of CO2 and one for gas

EU Member States ‘must steer recovery funding towards climate neutrality’

The Climate Action Network Europe and CEE Bankwatch Network have identified investment proposals that they say must be funded to ensure a green economic recovery is possible

EU approves €3.2bn state aid by seven nations for battery research and innovation

Belgium, Finland, France, Germany, Italy, Poland and Sweden will provide the funding, with the overall project expected to unlock an additional €5b in private investments

EU and member states’ climate contributions exceed €21bn

They remain the largest provider of public climate finance, which has more than doubled since 2013, to help developing nations cope with the impacts of climate change

Oil infrastructure
IEA: Global oil markets ‘well supplied’ after attack in Saudi Arabia

Energy Minister Prince Abdulaziz bin Salman announced production would be back online to normal levels by the end of the month

EU carbon emissions ‘significantly decreased’ in 2018

The highest decrease of emissions was recorded in Portugal and Bulgaria

EU member states ‘continue to struggle with emissions’

Full implementation of EU environmental legislation is expected to save the economy around €55bn every year

Eleven EU member states have hit 2020 renewable energy goals

The share of energy from renewable sources in the EU reached 17.5% in 2017

picture of pylon pointing up to blue sky
New EU rules to prevent and prepare for power supply crisis

They are expected to make it easier for member states to help each other if there was an electricity crisis situation