EU energy ministers discussed the prospect of common RES auctions for all EU member states during an informal video conference staged this week to examine the impact of COVID-19 on the energy sector.

Participants also discussed the need to ensure energy-sector fund access for all EU member states amid the pandemic’s new conditions.

The topic of bank loan terms and credit policies enabling governments and banks to offer support to enterprises for green energy development was also tabled.

Tools and strategies to be implemented should be developed in a spirit of solidarity between EU member states, not only in dealing with emergencies, but also as a preventive measure, according to a report issued following the meeting.

In the report, the EU also urges member states to prepare for various challenges that may arise from now on as a result of the pandemic.

The EU also stressed the need for ambitious energy sector targets to be maintained, while taking into account differences between member states.