Schlagwort: innovation fund

5 ways the Commission can strengthen wind projects

The Innovation Fund will support investments in renewable energy, energy storage, carbon capture storage and use, and decarbonisation of energy intensive industries

WindEurope welcomes ENVI Committee vote to reform ETS

On 15 December, the European Parliament’s Environment Committee passed a series of changes to the Emissions Trading System, a majority of which would come into effect after 2020.

These include:

Measures to speed up the removal of pollution permits from the market. The committee agreed to increase the annual linear reduction factor from 2.2% to 2.4% in an effort to better address the EU’s long term decarbonisation objectives.
Doubling the take-out rate of the Market Stability Reserve (MSR) from 12% to 24% for the period 2019-2022 to reduce the EU ETS surplus.
Cancelling 800 million allowances from the MSR in January 2021.
Cancelling up to 200 million allowances.
Transferring auction allowances to the innovation fund.