11 EU Countries Call to Cut Cross-border Fossil-fuel Project SubsidiesReading Time: < 1 minutes
Eleven of the 27 member states want the EU to stop funding cross-border fossil-fuel energy projects. The related provisions are currently under review in Brussels. The group of countries lead by Denmark also includes Austria, Belgium, Germany, Estonia, Ireland, Luxembourg, Latvia, the Netherlands, Spain and Sweden. They argue that to achieve the EU’s 2030, -55% emission reduction goal and become climate neutral by 2050 Europe needs to act now to decarbonize its energy systems. Instead of gas pipelines, they say, the EU should instead provide incentives to invest into the energy system of the future. They are calling for financing renewables and hydrogen instead.
In a related positon paper circulated among EU ambassadors, the group of countries pointed out that the revision of the Trans-European energy infrastructure (TEN-E) regulation is a “litmus test” of the EU’s commitment to achieving climate neutrality.