A level playing field between different energy carriers and sectors is key to energy system integration. It is a prerequisite that energy can flow through the 'whole system' (power-gas-heat-transport-etc.) in an efficient way; i.e. based on market signals and without undue barriers or disturbance. This is the noble objective. The 'reality check' of energy taxes... Continue Reading →
The EU ETS vis-a-vis other carbon pricing models in place across the globe
The necessity of comprehensive carbon pricing is with the recent EU Council agreement on a 55% emission reduction by 2030, the ongoing revision of the ETS, the sustainable mobility, hydrogen and energy system integration strategies of the European Commission and not least many related political ambitions and developments at member state level more obvious then... Continue Reading →
Extension of the EU ETS on the way?
I am convinced that comprehensive carbon pricing is crucial - and in fact without alternative - for allowing renewables to compete on a level playing field and ultimately drive deep and cross-sectoral energy system transformation. While one may argue that the carbon price provided by the EU ETS is for the time being not sufficiently... Continue Reading →
‘Carbon Contracts for Difference’ in a nutshell
The production of basic industrial materials such as steel, cement, aluminum and major chemicals causes, for the time being, roughly a fifth of EU greenhouse gas emissions. Even though companies are innovating extensively and there are various pilot projects for low-carbon production pathways in place, there are for the time being rarely commercial-scale investments in breakthrough technologies.... Continue Reading →