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The anticipatory approach’s proponents say these big investments, taking the plunge, are indispensable if the EU is to meet its decarbonisation goals. “We need to invest more. That is inevitable. And regulators should act accordingly,” stresses Nicolò Rossetto, a research fellow at the Florence School of Regulation. Normally, Europe’s energy regulators closely monitor which investments grid operators can make, and only approved investments can be recouped from consumers via higher grid tariffs.

The choice between using the EU ETS or national climate targets to decarbonise is a false dilemma. We need both, explains Chiara Corradi at T&E, writing for the Florence School of Regulation. 

James Kneebone of the Florence School of Regulation estimates that, even if it were technically possible, repurposing the entire existing global fleet of vessels able to transport liquefied natural gas could only deliver some 6.5m tonnes per year. That leaves a reliance on pipelines.

"The credibility of the system is at risk if there is a loophole like the one that seems to emerge here,” said Simone Borghesi, a carbon-market expert who runs a climate program at the European University Institute’s Florence School of Regulation.

Prior to the summer, Catharina Sikow-Magny, Director, DG ENER presented the main elements of the proposal, and answered questions from the panellists: Wanda Buk, VP for Regulatory Affairs, PGE Polska Grupa Energetyczna; Leonardo Meeus, Director, Florence School of Regulation; Jérôme Le Page, Chair of Electricity Committee, Federation of Energy Traders (EFET); Michaela Holl, Project Leader, EU Green Deal, Agora Energiewende.

È necessaria cautela per evitare che la riforma del mercato dell’elettricità in corso nell’UE crei incertezza normativa e ostacoli i futuri investimenti nelle energie rinnovabili, sostengono Christopher Jones e Klaus-Dieter Borchardt.