The European Commission will prioritize 220 billion kroner for investments in the EU's common energy infrastructure. This is stated in the European Commission's proposal for the next long-term budget, which was presented on Wednesday in Brussels.
The European Commission is thus proposing to fivefold the investments in better connecting Europe's energy supply, and this pleases the EU Commissioner for Energy and Housing, Dan Jørgensen.
- This is a massive prioritization of energy, and it underlines our commitment to strengthen the EU's energy independence, get rid of Russian energy and bring down energy prices, says Dan Jørgensen.
The next multiannual budget will apply from 2028 to 2034. So it will still be some time before the investments can have an effect. The EU Commission's proposal must also first be adopted by all 27 EU countries and the EU Parliament before it can come into force.
However, Dan Jørgensen hopes for support for investments in the energy sector. Because it can ultimately make life cheaper for both companies and citizens, he emphasizes.
- In 2021, EU citizens and companies saved a total of more than 250 billion kroner because we were connected across borders. When we prioritize connecting ourselves more closely, we can lower energy prices and strengthen our competitiveness, says Dan Jørgensen.
The money can, for example, go to transmission lines between countries, advanced networks and storage facilities. Hydrogen pipelines, hydrogen storage and electrolysis plants that help with energy security across countries can also be targets for investment.
- The proposal is good for all of Europe, but especially for a country like Denmark. With a large share of renewable energy and a high dependence on close cooperation with neighboring countries, this is really good news, says Dan Jørgensen.
Due to the ongoing EU presidency, Denmark will be tasked with handling the initial negotiations on the budget.
However, an agreement is not expected to be reached until long after Denmark passes the EU baton to Cyprus on January 1st.
/ritzau/
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