The European Commission adopted a proposal for a regulation to receive better information on investment projects into energy infrastructure within the EU. The proposal would repeal Regulation (EC) No 736/96 and is aimed at improving transparency on investment projects into EU energy infrastructure.
The regulation is intended to better allow the Commission to prepare for 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.
Source: Press Release European Commission