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Summit in Brussels. Europe, the single energy market and sustainable global energy goes strengthened

As before, I invite you to visit this link . Operating on the icons below. Striking energy dependence, where Spain, by the way, is at the highest rates. The major issue to be discussed at today's Council is the policy EU energy. First I will ask the effort they put in history how is the energy market in the European Union, because the situation is practically the same as when I wrote this post . The aim is to plan the future European energy. This week has been discussed a lot on energy in the plenary of the Parliament, at the request of the Commission. Oettinger Commissioner brings a well-designed and thoroughly discussed with Merkel, who has met with leading German energy and industrial corporations. There is an important fact: for the top of the energy of 2007 met with power producers green. Not this time. The meetings have revolved around the proposals of the Commission, which wants to increase the use of renewables, while helplessly observed the growing disparity between Member States.

The key word is, once again, harmonization. Just Germany is the country most successful in the transition to a renewable electricity from a process supported by a national law (EEG), which operates the electrical system of premium rates, ie incentives (reduction of premiums ) for the expansion of green electricity. Moreover, in Europe we have a general problem, the grid operators have been negligent not to expand its core network. In the European Union as a whole lacks 45,000 kilometers of new power lines, which should be completed within the next ten years.

After this deficiency, the most worrying is that there is no internal energy market. One of the major obstacles continues to be France, where utilities are state and the market is not liberalized. I have friends who say the Mediterranean Solar Plan (designed by the UM) is actually dominated by French interests . In any case, the grand plans for the future of Europe's energy import electricity passing through the north side and south side, I mean the electricity expected from projects and Desertec Seatec (multilateral agreement for the North Sea).

is true that the EU has a leadership role in the development of renewable energy, but some complain that too much is still committed to nuclear weapons. Not only the German government increased its investment in 2009 for nuclear fusion research, but common resources are being devoted to the ITER fusion reactor, located in France. Energy experts reproach to the ITER project to its high cost and uncertainty of the results, estimated it could take four or five decades realized, although it said in his defense, that particle accelerators have a high scientific interest for purposes that go beyond the production of energy.

We must not forget that energy is very present in Europe 2020 program, which includes a goal of consuming 20% \u200b\u200bless energy with a triple goal: reduce costs, reduce Europe's dependence on imported oil and gas, and combat climate change. The energy savings would reduce our CO2 emissions by 780 million tons. There

regard, since 2007, Energy Policy and Energy Efficiency Services, under which the Risers shall be energy savings of 16% in 2016. However, after continuous assessments carried out by the Commission, that limit has been reduced to 10%, which seems more realistic. This leads us to admit that the same target of 20% seems unattainable, plus it is not binding, something of great concern to environmentalists and industry, which believes that the mere cost criterion is risk-dominated cheaper technologies, but less efficient.

Therefore, it is interpreted that only the mandatory use of renewable energy they can get imposed, which contradicts the reduction in planned investment energy efficiency for the next ten years. unfairness occurs when some stress that nuclear fusion is subsidized by the Member States, while renewables are financed by the consumer side payments by support tools such as German EEG. In contrast, production of green electricity is becoming cheaper, it is expected that in a few years to reach cost parity with traditional electricity. I hope so, but to be seen whether this premise is in a naive wishful thinking .

Here you can read the conclusions the previous Council (May 2010) for preparation of Energy Action Plan that should be approved just 2011. However, in the Council today will be a delay, and the target is reduced to reach agreement to revise the energy efficiency policy in 2013, delaying the period of negotiation which is far from unanimity among the twenty-seven .

Member States are unwilling to afford the large investment required for energy efficiency, although the Commission to include among its top priorities. While European governments are not too prone to efficiency, however do seem more willing to opt for greater energy security by improving the quality of the networks.

seems, therefore, that governments are evading the real issue of substance, and that energy efficiency is itself a source of energy. Other actors, especially in the environmental field, lamented the low emphasis on energy conservation. Beyond the ideological debate puramento Europe should expand use of renewable energy do so in a common framework, with a shared network and the full liberalization of the market. Returns over the medium to long term may hinder private investment, but political intervention determined European should be able to give credit to green energy projects on criteria of efficiency and savings. European Energy is a key strategic concept that has to do with competitiveness, safety and sustainability, and should be a credible model, so the EU must be able to provide the energy policy instruments capable of imposing a common approach.

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Spain Today's summit with Germany

talking about Spain, but the idea of \u200b\u200ba politically united Europe has also been strengthened today. Although it might seem, is soon to set some immediate conclusions. The 23 th German-English summit is history. Ago few minutes ended the joint press conference Merkel and Zapatero, where the guidelines have been unmistakably defined. The Chancellor is very optimistic about the progression of Spain, and the commitment is assumed Zapatero to sign the new Competitiveness Pact proposed by the Franco-German axis, and which was also signed by Italy. So these four Member States will be presented tomorrow to the Council in Brussels with the support of a common position on a pact with political implications (I said this morning some guidelines). The aim of Merkel is to join in this covenant the other eurozone countries, and encourage the 27 to continue along this path of spending restraint, wage restraint or increase the retirement age (the demographic problem affects the entire EU territory). In a special way, will the magnifying glass on which countries are candidates to join the euro in the coming years.

One of the underlying ideas is not waived to strengthen the euro, nor to its territorial expansion, but without doubt the most promising and revolutionary concept is to tax harmonization, an element that is now discussed openly and aims to consolidate sooner rather than later. Merkel pointed out during the press conference that the debate on tax harmonization is being developed for many years within the EU, especially in the sense of coordination and set the harmonized tax base for corporation tax. Zapatero is willing and supportive of this line of action.

Finally, Merkel Rodríguez Zapatero congratulated for their determination to comply with new restrictions and have enlisted the support of social forces, trade unions, employers and opposition, so as to consolidate a peaceful setting and confidence for the future Spain. As a corollary, both leaders have made known their positions on the conflict in Egypt and stressed the opportunity to democratize the country by way of consensus. Merkel asked Mubarak personally yesterday to initiate political dialogue. Danke schön.

Oh, and tomorrow in Brussels, to a Council that strikes me as a kind of brainstorming high intensity. Already announced that the agreement "with all the substance demanded by the context of crisis and deep structural reform of our system, will close at the end of March Council. Gentlemen, this is an inclusive momentum as Europe did not live for decades.


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Willkommen in Spanien. Welcome to the front of the European team

Zapatero has described this time as one of the most important in recent years. It is a crucial summit, there's no doubt, and Spain is committed to the project and these corrections. If something good has all this drama is that this country tries to stand up to the end and with some courage. Yesterday four German newspapers published interviews with the English president, who claims not to fear a Germanization of Europe and beyond asking the Germans in football metaphor, performing on center front. I also I have doubts. Today we received in Spain, Angela Merkel, accompanied by six ministers. The Germans will meet with Juan Carlos, the head of state and Rodriguez Zapatero, head of Government and lunch at the Moncloa, together with major national employers, union leaders and bankers. She represents the best positioned economies in the European Union, while he has traced the ballot to make the European economy has impoverished more rapidly in the last two years. Spain had a 20.3% unemployment at the end of 2010, the highest percentage, not in the European Union, but throughout the industrialized world.

Merkel publicly support the pension reform adopted by our government and financial restructuring (reform of savings banks). Tomorrow they'll see both in the Brussels Council, where the future of the euro back to overshadow the debate of the unified energy policy, adjourned sine die. Germany has been the promoter of the Covenant on Competitiveness, which has received support from France, Italy and Spain. Zapatero's support for these four states is enough to give a patina of credibility to the issue.

For the first time there is a drastic change compared to last spring. Now Germany is in favor of harmonization of economic policy in the eurozone. The proposed Covenant Merkel even talk to harmonize tax and labor policies, breaking at a stroke all taboo issues. From now on, and mediating this covenant Zapatero already subscribes, he must resign from the salary increase in inflation, and Deficits constitutionally prohibited (this reminds me of the internal devaluation Krugman speaking). Behind this shift is the Stability Fund, to which Barroso and others have asked for additional guarantees (or weak countries to buy back bonds in the secondary market), as well as its expansion to 750,000 million euros.

Incidentally, this was approved at the quarterly Council in late March, with what we have almost two months to see how they move the markets. Says the press that Spain must convince the markets. Some suggest that it is a German move not be exposed to speculative attacks against Spain, and the rebound effect of debt on the German banking English, but I think this goes much further. What do you think that Germany has taken serious about recruiting labor English qualified? Spain has a youth unemployment rate above 40%, and the European Union requires greater labor mobility, as a priority area for the internal market. All this encouraging harmony and convergence that we see in economic matters is blurred in the energy field, the second major battleground. The differences in energy are so enormous and troubling. My next thought. But one thing, and receive a Merkel and her team. At 14.30 we will be in the joint press conference.