This archive contains all documents published by cep over the last few years:
cepAdhoc: Incisive comment on current EU policy issues.
cepPolicyBrief: Concise 4-page reviews of EU proposals (Regulations, Directives, Green Papers, White Papers, Communications) – including a brief summary and economic and legal assessments.
cepInput: Impulse to current discussions of EU policies.
cepStudy: Comprehensive examination of EU policy proposals affecting the economy.
The Commission wishes to align energy taxation to its energy and climate protection targets by 2020 by linking taxation rates to CO2 content and to energy content. The CO2 related taxation component
Is to promote low-carbon motor and heating fuels and covers all consumers of motor and heating fuels who are not subject to the EU Emissions Trading Scheme.
EU Member States are pursuing the goal of increasing energy efficiency by saving 20% of the EU energy consumption projected for 2020. The Commission estimates that the set target will not be achieved through the current measures and therefore proposes additional actions. Amongst other things, it is considering energy savings by Member States.
According to the Commission, Member States can reach their target for the development of renewable energy by 2020. To this end, the Commission calls for a “greater convergence” of national support schemes in the EU and an increased cooperation among Member States and with third countries. Moreover, networks should be further developed, interconnected at cross-border level and modernised.
The proposed Regulation (“REMIT“) is to reinforce the integrity and transparency of wholesale energy markets for gas and electricity. To this end, insider trading and market manipulation is to be prohibited. Moreover, the markets are to be monitored by the EU energy agency ACER and by the national regulatory authorities and market participants’ data be collected. In doing so, national regulatory authorities and ACER are to cooperate with each other.
During the “energy summit” on 4 February 2011, the European Council will discuss the Commission’s “Energy Strategy 2020“ and its „concept for an integrated European energy network”. According to the Commission’s estimate approximately 1 trillion Euros must be invested in the EU energy system by 2020 in order to achieve the EU targets for renewable energies and energy efficiency and to develop the necessary energy infrastructure.
According to the Commission, the EU must urgently invest in outdated and poorly interconnected energy infrastructure in order to meet their energy policy and climate objectives by 2020. To this end, national approval procedures for projects of European interest are to be streamlined and better coordinated. The Commission announces to submit guidelines or a legislative proposal on cost allocation to address major or cross-border projects through tariff or investment rules in 2011.
The EU Energy Strategy 2020 is focusing on five „priorities“: (1) increase in energy efficiency, (2) building a “pan-European integrated energy market“, (3) consumer protection and safety and security standards, (4) further development of energy technologies and (5) strengthening the external dimension of the EU energy market.
The Commission criticises the current EU energy policy in that the internal energy market is still fragmented and the efforts by Member States to increase energy efficiency are “disappointing“. Moreover, there is a lack of energy system investments of EUR 1 trillion and technological progress.
The Commission promotes the expansion of the EU internal energy market and announces a legal framework for the safe storage of nuclear waste. The expansion of EU energy grids is to be better coordinated. The Commission wishes to promote technological innovation and initiate a shift towards a low-carbon energy system by 2020 through market-based instruments.