Downloads / Renewable Energy targets

Climate and Energy: Where do we stand ?

Peter Vis  Chef de Cabinet of Connie Hedegaard, European Commissioner for Climate Action The subject of Peter Vis’ presentation was EU Energy and Climate package that was  considered by The European Council  at its spring meeting on 20-21 March 2014. The Commission’s proposal came out earlier in the year  with key announcements around the overall GHG target, renewables, and EU ETS reform: 2030 GHG target: 40% below 1990 levels, met through domestic measures alone (i.e. without offset credits). This would be the EU’s international offer for a global deal in Paris 2015.  The Commission are not proposing a higher conditional target in the light of a global deal, but have left open the possibility of raising ambition in the light of other countries’ contributions. An EU-wide binding renewable energy target of at least 27% in 2030.  But no binding national level commitments, so not clear how this would be enforced or delivered. EU ETS reform: The Commission has published a legislative proposal for a “market stability reserve”. This would be a rule-based system starting in 2021, with the aim of Read more…

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Climate-and-Energy-where-do-we-stand-Peter-Vis.pdf 817.42 KB
30th
Apr
2014

Will EMR Work?

Rob Gross, Imperial College Based on the government’s goals for EMR, its success could be judged by how effectively the power sector is decarbonised by 2030, through the greater deployment of renewables, nuclear and CCS; as well as bringing in new entrants to the market. There are a range of conflicting goals in enabling this to happen, that includes the crowded UK energy policy landscape, policy change, conflicting ideologies and uncertainties. A key challenge will be securing the necessary investment for new infrastructure, including the amount of money needed, the timescale by which it is needed, the ability of the big six and other investors to provide new finance; as well as wider issues such as global supply chain constraints. New investors could include pension funds, insurance companies, banks and energy utilities/companies and they will need to create effective build consortia to allow projects to come forward and ultimately be refinanced. In the short term, EMR’s impact on investment may be marginal, but in the longer term it may be more positive. However, a fundamental issue remains that it is Read more…

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Will EMR Work 2011.pdf 477.72 KB
22nd
Sep
2011

Downloads Archive

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