The EU Commission has published a package of climate action and renewable energy measures that are designed to move the EU, and the European Economic Area, forward on the world stage in relation to emissions reduction measures, and provide further security and diversity for the EU's energy supplies.
In this bulletin, we comment on the key elements of the package.
The package of measures includes:
- a proposal to amend the EU Emissions Trading Scheme;
- a new renewable energy directive, combining electricity generation, and energy used for heating or cooling and transport in one measure
- a draft directive to provide a framework for carbon capture and storage; and
- new guidelines on State Aid for environmental protection
The measures will engender much further debate, not least due to the acceptance of a 20% benchmark for emissions reductions in contrast to the 30% level advocated by environmental groups, and the proposals for cross-border trading of guarantees of origin relating to renewable energy production, seen by some Member States as a threat to their current support schemes and the achievement of their targets.