Ensuring the EEAG supports a successful Transition across Europe
Changes to the EEAG (State Aid Guidelines for Environmental Protection and Energy) will have a direct impact on the ability of electricity producers to modernise their assets. This transformation needs to include low-carbon alternatives for generation as well as the necessary flexibility for a system which supports renewables and the electrification of transport.
Coming from a very different start-point, the investment requirements in countries from the region of Central-Eastern Europe have recently been supported through various funds. In order to ensure a successful energy transition, the implemented funds should be tailored to address the specific needs of the Member States and the regions. The upcoming revision of the EEAG should ease the way towards climate neutrality for regions heavily dependent on coal and allow for the necessary investments in transitional technologies, replacing coal.
With a target of 55% reduction now established for 2030, the coordination of policies (EU ETS, Modernisation Fund, JTF, Taxonomy, EEAG) is critical as we work out how to finance the European Green Deal. With new proposals for the upcoming reform of the EEAG under scrutiny, this Energy Post discussion will examine the possible consequences of different decisions and discover the views of key actors in affected areas.
- What could the European Energy System look like by 2030?
- What technologies need funding?
- What are the funding challenges?
The event is sponsored by PKEE.