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Von der Leyen puts forward EU commissioner candidates

  • : Electricity, Emissions, Natural gas
  • 24/09/17

European Commission president Ursula von der Leyen today presented candidates for commissioner posts, confirming names put forward for portfolios including climate, energy, agriculture and trade.

Von der Leyen — who was confirmed by European Parliament as Commission president on 18 July — has committed to doubling down on climate and energy policy. Her 2024-29 mandate stipulates greenhouse gas emissions cuts of at least 90pc by 2040 compared with 1990.

Her commissioners, if appointed, will implement those policies. She is nominating Teresa Ribera to oversee competition policy but also "clean, just and competitive transition" that would include energy, climate, environment and other Green Deal files. Ribera is Spain's deputy prime minister and responsible for the country's ecological transition.

Von der Leyen has proposed the current EU climate commissioner Wopke Hoekstra for the portfolio of climate, net-zero and clean growth. Hoekstra, who replaced previous Green Deal commissioner Frans Timmermans, will also be responsible for taxation.

Other nominees include former Danish climate minister Dan Jorgensen, up for energy and housing commissioner. Former Swedish minister for EU affairs Jessika Roswall is proposed for a portfolio including environment and circular economy, and Luxembourgish Christophe Hansen, a former member of EU parliament, is proposed as agriculture and food commissioner.

Von der Leyen now needs to ensure that candidate-commissioners are approved by parliamentary committees and then by plenary. Hearings will also focus on candidates' abilities to implement policies. "Parliamentary scrutiny will not cut corners," European Parliament president Roberta Metsola said.


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25/04/01

EU publishes CO2 car standard tweak proposal

EU publishes CO2 car standard tweak proposal

Brussels, 1 April (Argus) — The European Commission has published the long-awaited proposal to give automobile manufacturers more flexibility in complying with the bloc's CO2 reduction targets for cars and passenger vehicles in 2025, 2026 and 2027. Those three years would be assessed jointly, rather than annually, averaging out fleet emission performance. EU climate commissioner Wopke Hoekstra said the additional compliance flexibility shows that the commission has "listened" but the EU is still maintaining its zero-emission targets [for new vehicles from 2035]. "Predictability in the sector is crucial for long-term investments," said Hoekstra. The commission urged the European Parliament and EU member states to reach agreement on the targeted amendment "without delay". German centre-right member Jens Gieseke said there is a "broad majority" in parliament to fast-track approval for May. He noted that the car industry faces over €15bn ($16bn) in penalties for non-compliance with the CO2 standards. A member of parliament's largest EPP group, Gieseke also called for the commission to go further towards technological neutrality. "We need different kinds of fuels, e-fuels, biofuels, every fuel which could help to reduce CO2 should be recognized," he added. This second step, withdrawing the phase-out of internal combustion engines (ICE) from 2035 onwards, Gieseke noted, should come in the last quarter of 2025. German Green MEP Michael Bloss disputed the figure of €15bn in potential fines put forward by automotive industry association ACEA. "Even in the worst-case scenario, the total fines for all car manufacturers would not exceed €1bn," said Bloss. "Car manufacturers have had enough time to adjust their production planning. Many have done so," Bloss said, pointing to Automaker Volvo. Under the current 2019 regulation, fines should be imposed on manufacturers for each year in 2025–2029 when they do not reach their specific fleet-wide target CO2 reductions, compared to 2021 values. But manufacturers have the option to form compliance pools with other firms. "European car manufacturers are already talking to Tesla or Chinese manufacturers about so-called pooling, which must be stopped quickly," said EPP climate and environment spokesman Peter Liese. "We want to maintain climate targets, but not make Elon Musk richer through European legislation," said Liese. By Dafydd ab Iago Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Australia's OCE sees higher LNG export earnings


25/04/01
25/04/01

Australia's OCE sees higher LNG export earnings

Sydney, 1 April (Argus) — Australia's Office of the Chief Economist (OCE) has revised up its LNG export earnings forecasts for the present fiscal year and the next, given global supply issues and higher than expected prices. Seasonal pressures — including higher winter demand in Europe owing to lower renewable energy output and an end to Russian gas flows via Ukraine — have increased prices, the OCE's Resources and Energy Quarterly (REQ) March report said. The OCE raised its expectations for the average LNG price for the fiscal year to 30 June by 10pc ( see table ), while increasing its forecast for the following year by 14pc from its previous report. Receipts predicted in 2024-25 have been forecast A$8bn ($5bn) higher to A$72bn, while 2025-26 earnings will likely reach A$66bn, up from A$60bn in December's REQ. Asian demand continues to strengthen, even with Japan and South Korean import levels likely peaking. The OCE noted LNG's growing popularity as a transport fuel in China and record-high Indian imports last year, given increased pressure on power grids. Higher prices have failed to dampen demand in southeast Asia — including Malaysia, Bangladesh, Singapore and Thailand — while Taiwan's backtracking on renewable targets, coupled with artificial intelligence (AI) and semiconductor sector growth, will increase energy demand there. Qatari and US investment in new supply will add 5pc to global export volumes in 2025, while demand witll grow by just 2.5pc, but the REQ expects this year's imports and exports will gradually balance. Greenfield projects The biggest challenge for Australian projects appears to be a lack of greenfield projects, following the expected completion of the 8mn t/yr Scarborough and 3.7mn t/yr Barossa projects in July-December 2026 and July-September 2025 respectively. The impact of these backfill operations in offsetting gradual declines at the 14.4mn t/yr North West Shelf LNG facility will have ceased by 2029-30, with exports falling by 2mn t/yr to 78mn t/yr. But oil and gas exploration spending is increasing after years of declines, the OCE said, with onshore search expenditure rising from A$190mn in July-September last year to A$285mn in October-December 2024. Offshore spending rose from A$125mn to A$178mn in the same period, indicating that higher prices are driving greater confidence. The ANEA price — the Argus assessment for spot LNG deliveries to northeast Asia — for first and second-half May were assessed at $12.96/mn Btu and $12.995/mn Btu respectively on 28 March. The ASEA price — Argus' assessment for spot LNG deliveries to southeast Asia — for the same period was $12.72/mn Btu and $12.75/mn Btu. By Tom Major Australia LNG export forecasts 2023-24 2024-25 (f) 2025-26 (f) 2026-27 (z) 2027-28 (z) 2028-29 (z) 2029-30 (z) Exports (mn t) 81 80 80 82 80 80 78 Export receipts (A$bn) 70 72 68 64 63 57 51 Mar '25 LNG export price (A$/GJ) 16.1 17.1 16.3 14.9 14.8 13.4 12.5 Dec '24 LNG export price (A$/GJ) 16.1 15.6 14.3 n/a n/a n/a n/a Export price % ± (Mar vs Dec forecasts) 0 10 14 n/a n/a n/a n/a f - forecast z - projection Source: OCE REQ Argus gas prices ($/mn Btu) Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

EU commission's CO2 tweak for cars imminent: Update


25/03/31
25/03/31

EU commission's CO2 tweak for cars imminent: Update

Updates with likely date for approval Brussels, 31 March (Argus) — The European commission could approve a legal proposal for a limited revision of the bloc's 2019 regulation setting CO2 emission performance standards for new passenger cars and light commercial vehicles (LCVs) on 1 April, an official said. A draft proposal circulating does not change the substance of the 2019 rules but specifies a three-year compliance period (2025-2027) used to calculate potential excess emissions premiums. And the 29-page legal proposal does not alter the bloc's 2030 emissions reduction target to reduce economy-wide CO2 emissions by 55pc, compared to 1990. Nor does it lower the overall CO2 emission standards, the commission said. If agreed by the European Parliament and EU member states, the "one-off" three-year compliance period over 2025-2027, instead of an annual assessment, would provide additional flexibility for vehicles manufacturers, while maintaining investor certainty and predictability, the commission added. The 2019 regulation requires annual EU fleet-wide average CO2 emissions from new cars and new vans to be reduced in five-year intervals. For each year in 2025–2029, a target reduction of 15pc, compared with 2021 values, would normally be applied. Without any legal change approved by parliament and EU states, manufacturers exceeding their specific emissions targets, would have to pay excess emission premiums of €95 per g/km for each new vehicle registered. The commission is also "accelerating" work on a review that will commence "in good time this year", said the commission's energy and climate spokesperson Anna-Kaisa Itkonen. But she had "nothing new" on whether compliant fuels could be expanded beyond e-fuels to include other low-carbon and zero-carbon, such as biofuels. By Dafydd ab Iago Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

EU commission expects CO2 tweak for cars soon


25/03/31
25/03/31

EU commission expects CO2 tweak for cars soon

Brussels, 31 March (Argus) — The European commission expects to "very soon" release a legal proposal for a limited revision of the bloc's 2019 regulation setting CO2 emission performance standards for new passenger cars and light commercial vehicles (LCVs). A draft proposal circulating does not change the substance of the 2019 rules but specifies a three-year compliance period (2025-2027) used to calculate potential excess emissions premiums. And the 29-page legal proposal does not alter the bloc's 2030 emissions reduction target to reduce economy-wide CO2 emissions by 55pc, compared to 1990. Nor does it lower the overall CO2 emission standards, the commission said. If agreed by the European Parliament and EU member states, the "one-off" three-year compliance period over 2025-2027, instead of an annual assessment, would provide additional flexibility for vehicles manufacturers, while maintaining investor certainty and predictability, the commission added. The 2019 regulation requires annual EU fleet-wide average CO2 emissions from new cars and new vans to be reduced in five-year intervals. For each year in 2025–2029, a target reduction of 15pc, compared with 2021 values, would normally be applied. Without any legal change approved by parliament and EU states, manufacturers exceeding their specific emissions targets, would have to pay excess emission premiums of €95 per g/km for each new vehicle registered. The commission is also "accelerating" work on a review that will commence "in good time this year", said the commission's energy and climate spokesperson Anna-Kaisa Itkonen. But she had "nothing new" on whether compliant fuels could be expanded beyond e-fuels to include other low-carbon and zero-carbon, such as biofuels. By Dafydd ab Iago Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

World Bank loans Peru $500mn for climate adaptation


25/03/31
25/03/31

World Bank loans Peru $500mn for climate adaptation

Lima, 31 March (Argus) — The World Bank loaned Peru $500mn to fund public climate adaptation programs, including investments for developing its burgeoning renewable energy sector, distributed generation and electric mobility. This new funding, requested by Peru's government and approved by the World Bank, aims to build on reforms to strengthen Peru's climate resilience and adaptation. Peru is considered among the countries most vulnerable to disasters driven by climate change, including earthquakes, flash floods, landslides and glacier melting. The loan will go toward funding energy transitions in key sectors like electricity and transportation, as well as developing sustainable cities and clean technologies, the World Bank said. It is also expected to strengthen disaster risk management through a national coalition of government agencies tasked with prevention and mitigation of disasters, including climate-related ones. These initiatives could include implementing a geo-referenced information system that helps in early mitigation and decision-making. Peru has had a sluggish transition in its renewables sector, but last year wind power production grew by 66pc and solar by 32pc over the year prior. In January, overall renewable power production grew by 16pc over the same month last year, with hydroelectricity leading most of that growth. Peru's electricity grid is mostly powered by natural gas — about 51pc thermoelectricity, 38pc hydropower, 7pc wind and 3pc solar electricity. Peru's congress passed a new electricity law in January, easing the path for renewable energy companies to compete for public electricity contracts and potentially reduce costs. Though the law has not yet been implemented, it faced stiff opposition from Peru's oil and gas industry which argued it gave unfair favoritism to renewable companies. By Bianca Padró Ocasio Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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