A compromise proposal by the EU Commission on the oil embargo has not brought the hoped-for breakthrough for now. The proposal envisages initially only imposing an embargo on imports of Russian oil by ship. The EU ambassadors want to make another attempt at reaching an agreement on the sixth sanctions package today before the heads of state and government arrive for the extraordinary summit.
By Stephan Israel
The G7 meeting of energy, climate, and environment ministers ended on Friday. The most important signal from Berlin: Climate protection and the decarbonization of industry and energy supply are not to be abandoned, even given the current energy crisis and the partial return to coal. However, some goals remain vague for now.
By Lukas Knigge
Europe's energy independence is also supposed to be financed by selling CO2 certificates from the reserve. Although this is only a small part of the REPowerEU investment, it is causing the most criticism because it could set a precedent.
By Lukas Knigge
