IIGCC’s Handover Notes to new European Commission
These “Handover Notes” detail the challenges and issues we believe are of most importance as the incoming European Commission begins its work. There are sections covering the investment challenge, competitiveness, the single energy market, 2030 targets, the EU ETS, energy efficiency, the Third Energy Package and kick-starting low-carbon growth. We urge the new Commission to move forward existing processes leading towards a low-carbon economy by:
-Implementing an ambitious 2030 climate and energy package which maintains the EU’s leadership position in the run-up to the Paris 2015 deadline for a global climate agreement.
-Review the 2030 emissions reductions targets and consider greater ambition once a global target has been agreed.
-Reform the EU Emissions Trading Scheme (EU ETS) to create a stable, transparent system that can provide clear and meaningful price signals and will support low carbon investement, including renewable energy.
-Consider how to drive improvements in energy efficiency with any target designed to work with a reformed EU ETS.