The Paris Climate Agreement environmental targets and the European Green Deal imply a significant and reduction of Greenhouse gas emissions in Europe. In the energy sector, a greater penetration of renewables will contribute to this effort: along with electricity renewable sources, fossil gasses will need to be increasingly replaced by renewable gases, where electrification is not feasible or possible. Further mechanisms will therefore be required, in addition to the Emissions Trading Scheme (ETS), to facilitate their deployment. This Report, developed under the Directorate-General for Energy of the European Commission, explores alternative mechanisms that could further catalyse progress towards the renewable penetration target, while maximising an efficient selection of energy vectors leading to that purpose. We propose Guarantees of Renewable Origin (GROs) as a possible tool, building on the existing Guarantees of Origin (GOs) model and utilising synergies with the ETS. The analysis explores current EU legislation on GOs and the experiences therein, the multi-purpose function of a GRO as well as its possible implications as regards issuance, trading, surrendering and cancellation. The Report finds that an ambitious and comprehensive GRO scheme could serve as the main, basic support mechanism for renewable energies, going beyond the scope of the current ETS.
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 [...]
In the North Seas region, a coalition of 9 countries expressed the ambition to quadruple their offshore wind capacity from 30 GW to 120 GW by 2030, and to then [...]
The EU's non-financial reporting (NFR) regulations have significant impacts on Global South stakeholders, firms that must report, actors lower in the value chain, and organisations seeking investment from NFR-compliant firms [...]
Join our community
To meet, discuss and learn in the channel that suits you best.
Read it on Cadmus Download in open access
