The Alliance highlights the importance of aligning the upcoming Multiannual Financial Framework (MFF) post-2020 with these commitments and opportunities and believes that it requires the European Commission to revisit its approach to energy infrastructure spending. Significant investments are needed in transmission and distribution electricity grid by 2030 to support the decarbonisation of the power sector and to realise a European electricity market that would benefit all consumers and businesses.
So far, the Connecting Europe Facility (CEF) has contributed €1,210 million to the development of new interconnections. Efforts should be steered towards dedicated infrastructure investments that can further mobilise private capital. Thus, the Alliance calls on the European Commission to allocate public expenditure only to investments that support the EU’s climate and energy goals such as carbon neutral infrastructure. It also advocates adequate financial support to areas that will enable both increased climate ambition and delivery of commitments in the period up to 2030.
To see the specific recommendations to the regulatory and governance frameworks, click HERE.
ELECTRIFICATION ALLIANCE PARTNERSÂ
In June 2017 more than 50 organisations joined forces to create The Electrification Alliance. Our alliance stands united in our commitment and vision to demonstrate the significant potential of electricity on its path towards decarbonisation. The alliance partners are strong supporters of the Paris Climate Agreement and call for urgent action to achieve its objectives. This action requires an ambitious system approach, recognising the need to decarbonise the European economy, while advancing Europe’s competitiveness, economic growth, job creation, and the promotion of a sustainable, healthy society for European citizens. Smart and efficient electrification offers this system approach, enabling the decarbonisation, sectoral integration, digitalisation, and increased efficiency of the transport, heating & cooling and industrial sectors. The Alliance seeks to highlight in its communication essential policy decisions in EU Energy & Climate policy to fully unlock the benefits of electrification across all relevant societal sectors.