European Parliament President Jerzy Buzek identified the creation of a European Energy Community as the next big vision for Europe, in his speech this week. He also stated that energy policy should address both climate change and energy security. In March 2010, the European Council (Heads of State and Government of EU Member States) should accept a new plan on Europe's energy policy which will deal with better transport and diversification of gas, both to and in the EU.

According to Mr Buzek, the rationale of such a project lies in the creation of financial resources to create energy networks, increase interconnectivity, build gas and electric grids and augment diversification and investment in renewable sources. Energy is such an issue of national sovereignty that such a project may start as a regional cooperation over energy production and then perhaps all Member States join it over time.

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