BusinessEurope reacts on the state of the Energy Union

“The commitment of the European Commission to take actions and be fast in the energy field is positive, because actions are needed. But great caution is needed on the design of concrete legislations” Director General Markus J. Beyrer stressed  at the social partner meeting on the state of the Energy Union hosted by Vice-President Šefčovič on 26 November. For instance, the European Commission proposal on the ETS risks fostering investment leakage in the European industry. The challenge of high energy prices in the EU will be a key success factor of the Energy Union. European business now expects concrete and decisive actions on this front.