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Brussels does not want problems in full trade tensions. The President of the European Commission, Ursula von der Leyen, believes that Europe must avoid risks and problematic dependencies in economic relations with Chinabut You don’t have to cut ties with a country that it considers key to addressing joint challenges such as climate change.
“For the European Union it is important to avoid risks, but not to cut relations with the Asian country. Avoiding risk means that we do not want dependencies like the ones we have had in the past with Russian fossil fuels“, has stated the head of the Community Executive in an interview with Europa Press and a group of agencies from the European Newsroom.
In this sense, the German ‘popular’ has pointed out, in full China’s political and economic competition with the United States, that the European bloc is doing well to diversify its resources and reinforce its production chains with similar partners, but has insisted on the role of the Asian giant in global challenges. “It is important, for example, to work together in the fight against climate change,” he said about cooperation with Beijing.
Von der Leyen reiterates that the Asian country must allow equal conditions and fair access for European companies to the Chinese market, as well as bringing more transparency on subsidies and a clear commitment to intellectual property. “All these issues are elements of the principle of avoiding risk, but not breaking with it,” she said.
These statements come in full tension between Washington and Beijing and after both powers have announced important injections for technological investments and develop green energies, a package of 369,000 million dollars (343,705 million euros) in the case of the United States and 280,000 million dollars (260,806 million euros) in the case Chinese.
The president has defended agreeing to reform the electricity market at the beginning of 2024.
Actions that the Commission wants to counter with a battery of measures to strengthen European industrial policyamong other initiatives, such as reforming the electricity market, promoting the ‘clean’ industry and reducing dependence on third-party supplies to position the EU as a worthy competitor in the ‘green’ race.
Electricity market reform before mid-2024
On the other hand, the president of the European Commission has defended agree on the reform of the electricity market at the beginning of 2024in any case before the European elections in Mayafter defending that it is a “mature” proposal that benefits the final consumer of the affordable production of green energy.
The leader of the community Executive has indicated that the proposal that he presents this Tuesday for a new design of the electricity market reduces the impact of gas on the price of electricity and seeks to lower the consumer bill, in line with greater investment in renewable energy.
“We see that we have a spot market that works well, but we have to improve on long-term contracts term“, he pointed out, referring to the new types of contracts contemplated by the Brussels initiative. “Consumers are at the center of this reform, and the main objective of this reform is to bring consumers closer to the benefits of low-carbon renewable energy. cost,” he added.
The deadlines that Von der Leyen defends coincide with those proposed by Spain, which is confident that the reform can be closed before the end of the current legislature.
According to von der Leyen, the initiative to reform the electricity market is “well thought out and very mature” For this reason, he has asked to “work hard” to close it before the European elections in May 2024, thus setting a calendar for the Twenty-seven to reach an agreement.
The objective of the reform is to increase the presence of renewables to the detriment of fossil fuels and facilitate long-term contracts for reduce price volatility to protect consumersas Spain already defended in the approach it presented to the Commission last January.
Brussels and the electricity market review
Faced with the structural reform proposal defended by countries like Spain, another bloc of seven countries led by Germany claims that the review of the electricity market is “limited” and that maintains the benefits reported by the system in the last decade and without compromising climate goals. For this reason, a lengthy debate at the level of the Twenty-seven is predicted.
In any case, the deadlines defended by Von der Leyen coincide with those proposed by Spainwho trusts that the reform can be closed before the end of the current legislature.
