1 Amendments of Radvilė MORKŪNAITĖ-MIKULĖNIENĖ related to 2011/0302(COD)
Amendment 152 #
Proposal for a regulation
Recital 15
Recital 15
(15) Major investments are needed to modernise and expand Europe's energy infrastructure and to interconnect networks across borders to meet the Union's energy and climate policy objectives of competitiveness, sustainability and security of supply in a cost-effective way, notably by eliminating the remaining energy islands in Europe. The estimated investment needs in energy infrastructure up to 2020 amount to EUR 1 trillion, of which ca. EUR 200 billion in electricity and gas transmission and storage infrastructures considered of European relevance. Among projects of European relevance, approximately EUR 100 billion of investments is at risk of not being delivered due to obstacles related to permit granting, regulation and financing.