EU Suspends Methane Rules as Energy Crunch Intensifies
The draft would let regulators delay fines when market stress or shortages could threaten gas and oil supplies, Reuters reported.
10 Articles
10 Articles
Brussels has decided to regulate emissions of extremely climate-damaging methane more strictly. However, according to SPIEGEL information, penalties against the targets are now to be suspended – for an indefinite period of time.
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Brussels mulls scrapping methane fines amid energy crisis
The draft text, circulated to EU member states, says penalties should not jeopardise gas or oil supplies during periods of market stress or crisis — a move likely to be seen as a concession to mounting pressure from industry and international partners.
It was predictable: climate protection considerations would become secondary due to the energy market shock caused by the Iran war.
The European Commission is considering suspending fines for violating rules on methane emissions during energy crises, the Financial Times reports.
EU Suspends Methane Rules as Energy Crunch Intensifies
The European Union has decided to suspend a regulation requiring oil and gas suppliers to report emissions along their supply chains amid an energy crunch that has sent oil and gas prices higher and prompted a rush to secure scarce supply. Citing a draft document from the European Commission to national governments, Reuters reported that EU capitals were informed they could remove planned penalties for non-compliance with the methane rules. “San…
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