Market Instruments for more Ambitious Climate Action
Policy Packages for Low Carbon Roadmaps in the Materials Sector
COP23: Events and Exhibit
This report’s goal was to analyse how reformed existing EU energy law can be used as a basis for implementing the EU’s 2030 energy goals and (governance) objectives. The latter objectives include a 2030 EU wide binding target for renewable energy (at 27% of energy consumed) a goal of 27% energy savings, but also the simplification and streamlining of related planning and reporting processes and a related consolidated governance process. Furthermore, it is important that such post-2020 policy design does ensure that these targets are delivered, that it enhances the policy coherence in and between Member States and that it promotes market integration and competition. The design should also enhance investor certainty for renewable energy, energy efficiency and related infrastructure and services.
The report analysed a selection of EU energy policies that are relevant to the further development of renewable energy and energy efficiency in the EU and its Member States after 2020. It started by considering the existing obligations (e.g. for Member States, European Commission, etc.) under current EU energy legislation. This includes setting of targets, binding implementing measures and related planning & reporting. It led to the identification of areas in which these obligations can be streamlined, inside or across existing legislation with the goal to enhance their effectiveness, coherence and to reduce the administrative burden. This included highlighting areas in existing legislation that can be further improved as to enhance investor confidence and in particular the achievement of 2030 energy targets and functioning of the internal electricity market.Author: T. Wyns & A. Khatchadourian
Type: Final paper