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We, the signatories to this Declaration,
Recognising that climate change is a serious global environmental, economic
and social challenge which requires urgent action; acknowledging that the
power sector, as a significant emitter of greenhouse gases (GHGs), needs to
achieve a carbon-neutral power supply by the middle of this century;
Convinced that an integrated market, based on clear and harmonised rules,
brings about considerable cost efficiencies; striving to deliver competitive prices
and customer choice;
Believing that energy efficiency is a cornerstone of climate change policy;
identifying important synergies between carbon-neutral electricity supply and
energy-efficient electric technologies which need to be exploited to the full;
Stressing that as one of the most capital-intensive industries, the electricity
sector needs to have access to liquid capital markets in order to perform the
necessary investment to ensure security of supply and adapt to environmental
targets; pointing to the fact that in order to replace ageing plants, develop the
grid, face rising demand and meet its environmental targets, our sector needs to
invest € 1.8 trillion by 20301; insisting that this requires a stable, coherent and
market-oriented investment framework;
Fully aware that electricity companies have a basic mission to provide a secure
power supply; underlining that this can be best achieved via a diversified
portfolio of power generation plants, decreasing dependency on imported fuels
and through integrated electricity markets.
Will:
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ACHIEVE a carbon-neutral power supply in Europe by 2050
To this end, we will progressively
make use of all available
and economically sound
low-carbon and carbon-free
options when investing in
power generation assets, taking
into account national energy
policies: renewable energies,
nuclear power, high-efficiency
combined heat & power,
and efficient clean fossil
technologies including carbon
capture & storage (CCS). In
addition, we will continue
seeking to operate our plants
and grids in the most efficient way, while investing
to develop innovative lowemitting
technologies. |
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DELIVER power cost-efficiently and reliably through
an integrated electricity market
Because a competitive, integrated market is the best way to deliver power at
the lowest cost - thereby supporting European growth - we are actively
contributing to the establishment of regional system operation and regional
regulatory supervision as a step towards an integrated pan-European electricity
market. We are determined to offer a competitive and reliable supply of
electricity to Europe’s citizens/td>
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PROMOTE energy efficiency
and electricity use as solutions
to mitigate climate change
Our companies are developing
innovative ways to inform
customers on energy-efficient
solutions and to encourage
the use of electricity where
it contributes to reducing
emissions of GHGs. In
particular, we will invest or
promote investment in the
necessary infrastructure to
foster the development of
electric vehicles, including
support for the standardisation
necessary for their deployment.
We will also encourage energy
efficiency for sustainable cities. |
Accordingly, we call upon European and national
policy-makers to help us: |
