negative bidding just makes the EU’s energy transition more expensive
invest in other wind energy projects
März 29
WindEurope called for a European approach to the deployment of renewable energy deployment at a workshop organised by the European Commission on Thursday. The workshop explored how the EU’s financial framework for 2019-2023 can be aligned with the new post-2020 renewable energy laws, the so-called Clean Energy Package.
The Package – currently under negotiation and due to be wrapped up by the end of 2018 – sets out different options for cross-border cooperation. These include opening up national support schemes or setting up a European financing platform, whereby countries pitch in to a common fund for renewables projects in case the bloc fails to reach its 2030 target.
März 01
The Environment Council has agreed a general approach on reforming the Emissions Trading System after 2020.
Member States proposed to strengthen the Market Stability Reserve, a facility designed to take excess carbon permits out of the market from 2019 onwards. The rate at which it will take permits out of the market would be doubled. And permits stored in the reserve would be cancelled if a certain threshold is reached.
The linear reduction factor will remain at 2.2%, up from 1.74% today, in line with the Commission’s original proposal.