International Courant
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The EU buys 40 % of the fuel it wants from Norway. However sooner or later, demand may drop dramatically.
– I should be very clear: there will likely be no extra long-term fuel contracts after 2049, EU local weather chief and European Fee Vice-President Maros Sefcovic stated on Thursday at a gathering on local weather and vitality in Brussels.
Take away barrier
The top date is decided by the EU’s new fuel and hydrogen market bundle, which is now in last negotiations between the EU Parliament and the Council of Ministers.
However the events have already agreed on the top date, NTB can verify.
The precise textual content of the brand new directive reads as follows:
The article continues under the commercial“Lengthy-term contracts are an essential a part of the fuel provide to the Member States. However they shouldn’t be a barrier to renewable vitality and low-carbon fuel (comparable to hydrogen, diary entry). That’s the reason fossil fuel contracts can not last more than 2049.”
I consider in a continued fuel future
The EU has additionally determined that fuel consumption should be diminished by 30 % by 2030.
Minister of Oil and Vitality Terje Aasland (Ap) believes that Norwegian fuel has a future, even after 2049.
– It’s not stated that fuel will not be used after 2049, he tells NTB.
Aasland foresees, amongst different issues, that Norwegian fuel can be utilized to make blue hydrogen, with emissions eliminated by carbon seize and storage.
– That could possibly be one of many options, sure, he says.
Specializing in inexperienced hydrogen
Nevertheless, the plan to make use of fuel to provide blue hydrogen could encounter sudden opposition. The brand new fuel market bundle additionally states that after 2030 the EU will primarily spend money on inexperienced hydrogen, produced with sustainable vitality, and never in blue.
The article continues under the commercialHowever Aasland additionally factors out that many industries will nonetheless want fuel after 2050.
– This is applicable particularly to the a part of the economic sector the place it’s tough to seek out alternate options. Then fuel with carbon seize and storage is the answer, he says.
Even when the long-term contracts are canceled, the fuel that Norway produces will be offered on the European spot market.
Requires search cease
The environmental motion believes that the consequence of the EU’s finish date must be to cease the seek for new fuel fields.
– The truth that the EU is now concretizing its coverage is another excuse why Norway ought to cease trying. We can not spend money on a market that can disappear. Europe is sending a transparent message right here, chief Truls Gulowsen of the Nature Conservation Affiliation tells NTB.
He factors out that it normally takes fifteen to twenty years from the time a brand new area is found earlier than the sector is operational. Then you might be already very near the top date.
– There’s little level in planning fields that can yield after that date, says Gulowsen.
Arild Hermstad of the MDGs is equally clear.
– This exhibits that the EU is doing what it could possibly to attain a sustainable future. The oil and fuel sector we’ve got in Norway at this time has an expiration date. And it is getting nearer, he says.
Regularly abolish subsidies
The article continues under the commercialPresent all positions
The EU can even section out fossil gasoline subsidies. Lately, EU Local weather Commissioner Wopke Hoekstra requested EU member states to urgently make plans on how this phase-out will happen.
The query got here in late October, the identical day a report confirmed that EU nations’ fossil gasoline subsidies greater than doubled from 56 billion euros in 2021 to 123 billion euros, about NOK 1,450 billion, in 2022.
– Subsidizing fossil fuels is anachronistic and contributes little to the inexperienced vitality transition, says Hoekstra.(Circumstances)Copyright Dagens Næringsliv AS and/or our suppliers. We wish you to share our instances by way of hyperlinks that lead on to our pages. Copying or different use of all or a part of the contents could solely be made with written permission or as permitted by legislation. For additional circumstances see right here.
The EU units an finish date for long-term fuel contracts – no contracts after 2049
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