Belgium: Oil, Gas & Electricity

The European Commission has proposed significant amendments to the CBAM Regulation that could fundamentally reshape how electricity exports from the Western Balkans are treated under the EU's carbon border adjustment mechanism. While headline attention focuses on downstream steel and aluminium goods, the proposed changes to electricity treatment—including revised default value methodologies and relaxed conditions for declaring actual emissions—may prove far more consequential for regional power

The Council of the European Union adopted a regulation on the reduction of methane emissions in the energy sector (Regulation).

On 9 March and together with its long-promised amendment to the General Block Exemption Regulation the European Commission also endorsed its new Crisis Framework aimed at speeding up investment and financing for clean or green tech production in Europe.