To put our energy system back on track to achieve the long term EU greenhouse gas (GHG) emissions reduction targets, scaled up efforts are required especially in the three major areas of energy consumption: transport, heating and cooling, as well as electricity generation for households and industry. As these sectors still rely largely on fossil fuels, radical technological changes are needed. Therefore, the main objective of this project is to obtain an overall picture of what technological options are available and how these options can be combined to drive decarbonisation efforts and ensure resilience of the EU energy system.Read more
Member States earned close to EUR 12 billion from auctioning in the EU Emissions Trading from 2013 to 2015 with over 80% of the money so far spent on climate action – most of it in the EU. The funding mainly went to renewables, efficiency and cross-cutting programmes. The national reports on the use of auctioning revenues, however, contain mistakes while there seems to be no frequent quality review at present.
The revenues from auctioning were lower than anticipated due to structural surplus that has depressed the carbon price and reduced auction revenue. The new proposal for...Read more