Energy Transition

The European Commission ‘Competitiveness Compass’ released on Wednesday  29 January sent the right signal for the Clean Industrial Deal.  EGEC supports the initiatives set out for ensuring a competitive energy for people and business.  To supply affordable energy, more competition is required on energy markets to supply electricity, heating and cooling, and for storage. 

IOGP, the international association of oil and gas producers, outlined a series of measures required to create market maturity for geothermal across Europe. They identify three key measures: i) Strategic funding; ii) policy support, and iii) risk management as the key ingredients of Europe’s geothermal action plan. Read The Full Statement Here

EGEC welcomes the opportunity to contribute to the Commission’s guidelines on designating renewables acceleration areas (RAAs) and highlight the following: Read the full EGEC Response.

EGEC welcomes the Commission effort to provide guidance to Member States and market actors on how to unlock private investment, notably by developing innovative financing tools, scaling up financial instruments and making the most of public budget support.

A coalition of 19 organisations, including industry associations, NGOs, consumer groups, and think tanks issued an urgent call to European Commission President von der Leyen. The unexpected delay in publishing the Heat Pump Action Plan, originally set for the first quarter of 2024 and now postponed until after the EU elections, threatens Europe’s energy transition, they warn.

EGEC welcomes the call for evidence on the 2040 climate targets as it provides regulatory certainty for the geothermal sector to adjust to climate neutrality as well as ensuring the need for effective regulatory support to replace fossil fuel consumption in buildings, transport, agriculture and electricity generation.

EGEC welcomes the European Commission’s proposals for a Critical Raw Materials Act and the Net Zero Industry Act. It is vital to strengthen existing European industrial value-chains for geothermal energy to meet the rapid demand driven by consumers and EU policy.

EGEC views on the EU Critical Raw Materials Act   EGEC, the voice of the European geothermal industry, is a not-for-profit association representing the entire value-chain of the industry across 28 countries. It is included on the European Transparency Register number: 11458103335-07. Further information can be found at www.egec.org.

On 18 May 2022, the Commission presented its REPowerEU plan as a response to the hardships and global energy market disruption caused by Russia's invasion of Ukraine.

The Batteries Strategy cannot be implemented without a sustainable supply of Lithium, with security of supply ‘Made in Europe’.