{"id":5537,"date":"2015-02-10T21:02:05","date_gmt":"2015-02-11T02:02:05","guid":{"rendered":"http:\/\/olduvai.ca\/?p=5537"},"modified":"2015-02-10T21:02:05","modified_gmt":"2015-02-11T02:02:05","slug":"eu-energy-union-may-be-biting-off-more-than-it-can-chew","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=5537","title":{"rendered":"EU Energy Union May Be Biting Off More Than It Can Chew"},"content":{"rendered":"<h3><a href=\"http:\/\/oilprice.com\/Energy\/Energy-General\/EU-Energy-Union-May-Be-Biting-Off-More-Than-It-Can-Chew.html\" target=\"_blank\">EU Energy Union May Be Biting Off More Than It Can Chew<\/a><\/h3>\n<p>With oil and gas still flooding the scene it\u2019s a buyer\u2019s market. For some however, picking isn\u2019t easy. For the European Union specifically, an abundance of choice comes with its own set of logistical and geopolitical problems.<\/p>\n<p>February 4 marked the\u00a0<a href=\"http:\/\/europa.eu\/rapid\/press-release_IP-15-4103_en.htm\">launch<\/a>\u00a0of the EU\u2019s Energy Union \u2013 an ambitious project that will establish a long-term plan for European energy and climate policy and set the politico-economic union on the path towards decarbonization. The doubters are many, but EU Commissioner for Climate Action and Energy Miguel Arias Canete confirmed the plan \u201cwill contain concrete measures\u201d as well as \u201cfull and proper enforcement.\u201d The framework strategy \u2013 still very much under discussion \u2013 is due for adoption on February 25.<\/p>\n<p>Among the\u00a0<a href=\"http:\/\/ec.europa.eu\/priorities\/docs\/pg_en.pdf\">goals<\/a>\u00a0of the Union are enhanced energy efficiency, diversification and flexibility, in addition to increased deployment of renewable energy. More specifically, the EU is\u00a0<a href=\"http:\/\/ec.europa.eu\/energy\/sites\/ener\/files\/documents\/sec_2011_1565_part2_0.pdf\">targeting<\/a>\u00a0electricity interconnection of 10-15 percent, a renewable share of 50 percent, as well as emissions reductions of more than 30 percent by 2050 \u2013 initiatives that will cost approximately $3 trillion, or nearly 15 percent of the current EU GDP. Addressing these goals will require massive infrastructure overhauls and timely investment, not to mention cooperation among the 28 vastly different member nations. In the early goings, that last bit is proving tough.<\/p>\n<div><\/div>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EU Energy Union May Be Biting Off More Than It Can Chew With oil and gas still flooding the scene it\u2019s a buyer\u2019s market. For some however, picking isn\u2019t easy. For the European Union specifically, an abundance of choice comes with its own set of logistical and geopolitical problems. February 4 marked the\u00a0launch\u00a0of the EU\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[3412,3413,3411,263,3410,279,284,353],"class_list":["post-5537","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-climate-action","tag-climate-action-and-energy","tag-climate-policy","tag-energy","tag-energy-union","tag-eu","tag-european-union","tag-gdp"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5537"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5537\/revisions"}],"predecessor-version":[{"id":5538,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5537\/revisions\/5538"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}