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EU launches work on bloc energy union

Xinhua, February 5, 2015 Adjust font size:

The European Union (EU) has drew a plan for reorganizing European energy policies and kicked off work for European Energy Union, said the European Commission (EC) on Wednesday.

The EC considered it "a fundamental step towards the completion of single energy market", and hoped this helps reform how Europe produces, transports and consumes energy.

The Energy Union with a Forward-looking Climate Change Policy is one of the key political priorities of the Juncker Commission, said the EC.

It also pointed out that the work for Energy Union is timely in that the EU imports 55 percent of its energy and 90 percent of the housing stock in Europe is energy inefficient.

"The Energy Union will be an ambitious project that will set a new direction and a clear long term vision for European energy and climate policy.... Effective implementation will be crucial, as will full and proper enforcement of existing legislation," said Miguel Arias Canete, EU Commissioner for Climate Action and Energy.

The Energy Union framework strategy is scheduled for adoption on February 25. Endit