Brussels — The European Parliament is on track to approve all outstanding draft EU energy laws by mid-April, ensuring that the push away from fossil fuels towards renewable energies will not be disrupted by its elections in May. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The EU’s remaining draft clean energy package files aim to help the power market manage a 50% or more share of renewables by 2030, while new CO2 emission standards for road transport constrain long-term oil demand in favor of LNG and electricity. These files have already been agreed in principle by the parliament and the EU Council, representing national governments, and now have to complete the formal approval process to become binding. The EU’s draft power market design regulation and electricity directive — part of the clean energy package — are intended to encourage more flexible power generation and […]

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