New EU Rules on the Internal Energy Market and Energy Policy
Article from: OGEL 5 (2011), in Energy Union, EU Energy
Introduction
Based on the "business as usual" scenario in 2030 fossil fuels will still represent 70% of EU's energy mix and EU's dependency on imports for oil and gas is expected to rise to 94% and 83% respectively.[1] Although EU's energy demand is expected to remain at present levels until at least 2030, the world's demand for energy is expected to rise considerably with demand in China and India doubling by then.[2 ]Since ensuring safe, secure, sustainable and affordable energy is regarded as key to EU's continuing prosperity, the European Council at its summit on 4 February 2011 ...