The next European Commission’s energy policy should be based on six key foundations, able to ensure the achievement of the 2030 targets and to put the EU on a stable path to full decarbonisation by 2050, while also providing an engine in terms of jobs and economic growth. First, determined action is needed with regards to electricity balancing markets to ensure that the increased level of intermittency in the electricity market does not provide a fundamental break on the development of RES investment. Second, “Renewable Energy Apollo Projects” are necessary because the EU will not achieve its 2030 targets on renewables on a “business as usual” basis.Third, we need to ensure we lay the groundwork for a physical electricity grid designed for 2050; that grid will look significantly different from that of today and sustained investment is required. Fourth, sector coupling represents one of the greatest challenges for the next Commission. The ETS is the obvious mechanism to drive this change, and the Commission will have to see how to let it fulfil its full potential. Firth, new digital technologies will open important new opportunities. A new regulatory framework is needed to ensure that the digital economy, and EVs in particular, can make their full contribution to the EU’s decarbonised energy market. Sixth, the next Commission will need to provide the regulatory framework and create the investment conditions to enable the decarbonised hydrogen market to emerge and grow.
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The rewable energy resources within EU27 are highly dominated by wind and solar energy delivering electricity as output. As electrification is the most efficient way to deliver the energy services [...]
Manufacturing firms in the EU face the double challenge of decarbonisation and (international) competitive pressure. Based on the key findings of the 2024 EIB investment survey and considering the economic [...]
Regulation 1370/2007, as amended by the Fourth Railway Package, set the date of 25 December 2023 for the opening to competition of services subject to public service obligations. As opposed [...]
This policy brief contends that a new approach to Long Term Contracts (LTCs) in European competition policy based on new facts, new realities and a revised reasoning must be urgently [...]
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