Eurelectric signs joint statement on improved transparency of interactions between the EU’s carbon market and climate and energy policies
On 26 April, the 2nd informal trilogue meeting on the Regulation on the Governance of the Energy Union will take place. One of the issues to be discussed by co-legislators is improved transparency and coordination of interactions between the EU’s carbon market (EU ETS) and climate and energy policies at Member State and Union level.
In this context, aiming at the overall efficiency of the Clean Energy Package, the International Emissions Trading Association (IETA), The Union of the Electricity Industry (Eurelectric), the European Federation of Energy Traders (EFET) and the European Centre of Employers and Enterprises providing Public Services and Services of General Interest (CEEP) are jointly urging the European Parliament, the Council and the European Commission to ensure proper policy coordination.
The associations support the European Parliament’s call to Member States to include in their national energy and climate plans quantitative or qualitative evaluation of interactions between the EU ETS and existing and planned climate and energy policies at Member State and Union level. Furthermore, they back the proposal for the European Commission to regularly assess the overall impact of the policies and measures included in the integrated national plans on the operation of the EU’s carbon market.
The associations believe that strengthened governance of national and Union policies is vital for the cost-efficient decarbonisation of the EU economy. While the recently agreed EU ETS post-2020 reform is a good step towards improving the functioning of the EU’s carbon market, national and European policies aimed at emission reductions, must be consistent and complementary. The EU ETS must play a central role in decarbonisation. Therefore, it is a priority to ensure transparency of policy interactions and consistency with other climate policies at national and EU level. Coherent and streamlined energy and climate policies are crucial to allow a robust, market driven carbon abatement signal to emerge.
To read the full joint statement click HERE.