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.
As stated by the OECD, “water security in many regions will continue to deteriorate due to increasing water demand, water stress and water pollution.” Indeed water supply and sanitation (WSS) [...]
Multimodal digital mobility services (MDMS) are instrumental to fostering multimodality as they promote comparability, transparency, and the selling of products across operators and modes. MDMS stand to directly benefit passengers [...]
We need to wonder if a reform of the EU internal electricity market would suffice to deliver EU energy security, decarbonization, and electrification. Regrettably, this is not the case. Let [...]
La crise énergétique a révélé l’incapacité de l’or- ganisation du marché européen de l’électricité à répondre aux trois défis de la décarbonation, de la sécurité d’approvisionnement et des prix abordables. [...]
Réussir l’électrification des usages pour mener la transition écologique et renforcer la souveraineté énergétique et industrielle de la France. Selon les principaux scénarios, la trajectoire de décarbonation entraînera une augmentation [...]
La notion de « réforme des marchés européens de l’électricité » est tout à fait d’actualité au moment où nous rédigeons ce document de travail, au début de l’année 2023. [...]
Join our community
To meet, discuss and learn in the channel that suits you best.
Read it on Cadmus Download in open access
