EU seeks oversight of energy investment

The European Commission adopted on the 16 July 2009 a proposal for a regulation to receive better information on investment projects into energy infrastructure within the EU.

This will establish greater transparency on the likely evolution of energy infrastructure in main energy sectors such as oil (including biofuels), electricity (including nuclear electricity) and gas, but also in related areas such as the transport and storage of carbon related to energy production. Transparency on planned and ongoing investment projects will help to assess whether there is a risk of infrastructure gaps over the coming years as a significant proportion of ageing capacities have to be renewed or new capacities have to be built in order to make the low carbon energy mix a reality.

European Commission: Press Release: IP/09/1152: Commission proposes to improve transparency on investment projects into EU energy infrastructure http://europa.eu/rapid/pressReleasesAction.do?reference=IP/09/1152&format=DOC&aged=0&language=EN&guiLanguage=en

European Commission: DG Energy and Transport: Energy: Energy Strategies: 2009: Second Strategic Energy Review - Securing our Energy Future (follow-up), July 2009 http://ec.europa.eu/energy/strategies/2009/2009_07_ser2_en.htm

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