EU must review energy rules to cure Russia’s gas addiction – POLITICO

Spain’s Deputy Prime Minister Nadia Calviño on Tuesday urged the European Commission to “revise” energy regulations to help Europe “separate” from Russian gas amid Vladimir Putin’s invasion of Ukraine.

“In the immediate future, we need to revise our energy regulation to make sure we have the agility and flexibility to react now,” Calviño said in an extensive interview at an event. International Women’s Day was organized by POLITICO, where she also said she was “very worried” about inflation due to rising gas prices.

Her appeal came after the return of the European Commission On Tuesday announced a proposal that would help EU governments cut their dependence on Russian gas by two-thirds if they adopt some emergency measures. In 2021, Russian imports accounting for about 40% of EU gas consumption.

Calviño, Spain’s first minister in charge of economic affairs and digital transformation, also said that Europe urgently needs to find a way to separate the price of gas on the international market from the retail price of electricity to prevent it. block increasing daily bills for Europeans, and encourage a greater focus on renewable energy.

But she admits Spain is one of the countries “least exposed” to these challenges as the country supplies about half of its energy from renewables and imported goods only 9% of its gas comes from Russia.

The deputy prime minister also said she would support more harmonization of the energy policies of European countries through joint negotiations on future gas contracts.

Responding to a question about whether Spain is in favor of creating more common debt among EU countries on defense and energy, Calviño cautiously said this was just a “rumour”, but also admitted there had been “discussion” on the subject. In a watershed moment back in 2020, EU leaders agreed to create the bloc’s first common debt to help ease the financial devastation wrought by the coronavirus pandemic on several member states. poorer members of the bloc.

On a more positive note, the economist and former EU Budget Director-General says she has seen progress on gender equality in EU institutions since she started working there 16 years ago.

“When I joined the European Commission, there were very few women, even fewer with families holding top positions,” Calviño said, but said “very determined action” had been taken to address the issue. “I think the percentage of women now holding top positions has increased a lot – and that’s obviously very good news.”

And while Calviño argues that there is still much work to be done on equality – especially around gender pay disparities – she hinted that there is room for optimism: “Passing legislation with a consistent policy of decisively, we can reduce the gap and we can improve the equity of our society.” EU must review energy rules to cure Russia's gas addiction - POLITICO

Fry Electronics Team

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