Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-07-04-Speech-1-244-000"

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"en.20110704.29.1-244-000"2
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"The main challenge in the energy industry will be to guarantee affordable, safe and sustainable energy for all EU citizens. However, we cannot expect significant success as long as we do not have an efficient and sufficiently flexible energy infrastructure. I agree with the notion that the EU has to treat diversification as a priority. As is emphasised in the report, the density of energy transport networks is inadequate in South-East Europe. It is a European interest to decrease the unilateral exposure of the area by providing alternative supply and transit routes, to increase market liquidity and to facilitate appropriate competition between different energy sources. In the light of this, I see it as a great improvement that the report identifies the criteria to be observed by priority investments if they expect EU assistance. These criteria include diversification of transit routes and resources, the increase in market integration and liquidity, the elimination of energy islands and network integration of renewable energy. I agree that in addition to purely economic indicators, the assessment must also take into consideration socio-economic factors. Finally, I would like to touch upon financial resources. The Commission estimates that energy transport alone requires an investment of EUR 200 billion by 2020. As EU sources are only expected to cover a fraction of the total financing requirements, it is of paramount importance to create a stable regulatory environment and new, innovative financing instruments with a view to prompting the private sector to invest in this field."@en1

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