February 16, 2015
It’s a problem Commission officials have struggled with since the 2030 climate and energy targets were agreed by EU leaders last October.
Heard in Europe hears tell that one renewable energy company has come up with a solution – putting the shortfall out to tender.
Imagine the EU doesn’t look like making the binding 27% of renewables across the Union because member states aren’t being forced to hit their non-binding national target of at least 27%.
In that case, a body – most likely the Commission – will open up the remaining percentage to bids from renewable companies across the EU.
It will select the best offers, and through that process make sure the EU meets its green commitments.
We understand that this idea is being looked at by officials, but our sources tell us “it is extremely early days”.
Indeed, no one at the Commission was prepared to go on the record about the plan at this stage.
Confidence in the Commission’s ability to fight climate change through market mechanisms remains shaky, following the failure of its EU’s Emissions Trading System.
ETS was meant to be a cornerstone of the fight against climate change. But the market for emissions allowances collapsed after a huge surplus of the permits was handed out.
Photograph courtesy of Russell Smith. Published under a Creative Commons license.Author : heardineurope