AmCham EU welcomes the European Commission (Commission) proposal for a recast Gas Directive and Regulation. The proposal reflects the EU’s increased ambitions for reform in the gas market to reduce greenhouse gas emissions and for the deployment of sustainable and decarbonised hydrogen, gases and fuels.
In light of Russia’s war on Ukraine, the reform of the gas market tabled by the Commission last December will need to be revised and accelerated, as was acknowledged by the Commission in the REPowerEU Communications. Reducing the EU’s dependence on Russian natural gas has become one of the EU’s main objectives, and the regulatory framework must enable the ever-faster deployment of renewable and low-carbon alternatives to natural gas. At the same time, the Commission must take an objective and rational approach so as to not destroy those areas of the economy where natural gas is still required in the mid- or long-term when combined with carbon capture and storage or used as feedstock.
In this respect, key areas where the Commission’s proposal can be improved include:
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