The European Commission is putting forward many pieces of legislation with the aim of stimulating investments in energy transition, and the measures go beyond the proposed EU climate neutrality law. Considering the need to support the entire economy , it looks like a Herculean task. The proposals of the European Commission and the EU Parliament’s stance on green issues allow for some cautious optimism. The bloc’s 27 member states, which are the ultimate decision-makers when it comes to energy policy, can give rise to some skepticism, though. “Objectives are set at the European level to give room for national ambitions, so governments can decide their ambitions, and the Commission can encapsulate them in a European frame. The Commission can then step in if national plans are not respected,” Jean-Michel Glachant, director of the Florence School of Regulation (FSR), told DW. Glachant says that EU institutions are called upon to increase fair competition in the energy sector, especially for innovation. In an ideal world, small yet dynamic companies from peripheral EU countries should be able to revolutionize the EU energy landscape. Digitalization is key. According to the FSR director, these political processes and investments require time, particularly in light of the unprecedented social and political changes. Financing… Read full this story
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