Energy | Gas | Technical Report
Upgrading guarantees of origin to promote the achievement of the EU renewable energy target at least cost
02 February 2021
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.
logo cadmus Read it on Cadmus Download in open access

LATEST FSR PUBLICATIONS

Working Paper
In this paper, we discuss the implementation of Capacity Remuneration Mechanisms (CRM) in the European Union (EU). We first illustrate that the costs of CRMs in the EU are significantly [...]
Other
Additionality is a key requirement for the renewables based electricity to be used by electrolysers to produce renewable hydrogen. Additionality could be defined as the requirement that renewables-based electricity used [...]
Working Paper
China has always upheld multilateralism and has advocated the use of multilateral mechanisms to jointly address global climate change issues. This paper discusses what China does and why, and how [...]
Working Paper
Interoperability in the context of smart electricity metering is high on the European policy agenda but its essence has been challenging to capture. In this paper, we look at experiences [...]
Other
Around 75% of European cargo transport operations in terms of ton-kilometers are performed by trucks, which, in turn, entail massive environmental and societal impacts. Prior to the COVID-19 pandemic, road [...]
Other
Green LNG is a newly emerging trend in the natural gas industry which has been incentivised by the decarbonisation process. This new line of thinking encourages LNG suppliers to offset [...]

Join our community

To meet, discuss and learn in the channel that suits you best.

scroll

top