CEEP statement regarding publication of the REPowerEU plan

CEEP statement regarding publication of the REPowerEU plan

CEEP welcomes the publication by the European Commission of the detailed RePowerEU plan to make the EU independent from Russian fossil fuels. We strongly share this goal as it has been advocated by CEEP and its members for a long time. This goal is becoming even more urgent today, viewed in the context of continued Russian aggression on Ukraine. CEE countries and their companies have for years pointed out the dangers associated with the EU's growing dependence on gas and oil imports from Russia and risks related to the continued dominance of Russian companies, including Gazprom, in the EU and individual Member States' markets. CEE countries have also sought for years to counter these threats. CEEP's statement [...]
New regional task force of the EU Energy Platform for Central-Eastern Europe

New regional task force of the EU Energy Platform for Central-Eastern Europe

A new regional task force under the EU Energy Platform has been formally launched today, involving 9 EU countries (Austria, Czechia, Germany, Croatia, Hungary, Italy, Poland, Slovenia, and Slovakia) from Central-Eastern Europe, as well as Ukraine and Moldova. It is the second such structure, following the South-East Europe regional group set up at the end of April. The initiative came after several EU countries of the region saw important reductions in Russian gas exports to their markets in June. The task force will concentrate on implementing the REPowerEU plan in the region. The aim is to reduce dependency on Russian fossil fuels, fill storage ahead of next winter and further accelerate the decarbonisation of the energy sector. The task force will also support and coordinate the implementation of the joint preparedness plans in the region, including international purchase, storage and interconnections – thus contributing to the security of supply in the region, and beyond. Source: European [...]
CEEP Annual Report 2021

CEEP Annual Report 2021

The report offers a comprehensive look at our activities during 2021 with four key topics highlighted: fair transition, energy system integration and the role of hydrogen, EU emission trading system and offshore wind energy. "The energy transition is at the heart of the EU energy and climate policies but the ongoing energy crisis has continued from 2021 into 2022 and we are now facing energy prices soaring even further and supply shocks even deeper. These remind us that the EU remains too reliant on the imported fossil fuels while their supply routes are clearly not diversified enough. Energy security, as one of the five dimensions of the EU energy union, should therefore become a first priority, especially in the Central European region which has been seriously affected by supply disruptions of the past, as it experiences them anew in 2022.wrote Mr Leszek Jesień, Chairman of the Board of Directors at CEEP in a message included in the report. Download the CEEP’s 2021 annual [...]
Funding mechanisms under the revised EU ETS and Social Climate Fund

Funding mechanisms under the revised EU ETS and Social Climate Fund

The European Union Emissions Trading System (EU ETS) is one of the main pillars of EU’s climate and energy policy and its revision is crucial to the Fit for 55 Package, adopted by the European Commission (EC) in July 2021. In this paper, ERCST and CEEP provide an overview of the size and functioning of the funding mechanisms which are part of the revised EU ETS and the Fit for 55 Package, i.e., the Social Climate Fund. It also puts forward some recommendations in light of the ongoing legislative process. Finally, it compares the ENVI draft report on the ETS funding mechanisms with the EC proposal providing a summary of the current and upcoming political debate. The Environmental Council will meet on 28th June, aiming to achieve a Council position on the Fit for 55 Package, including the EU ETS Directive, while the European Parliament will vote its position in June. The beginning of trilogue negotiations between Parliament and Council under the supervision of the EC is envisaged for September. Download our report [...]
Event: How to make the EU ETS more effective?

Event: How to make the EU ETS more effective?

The EU ETS has a central role in promoting and facilitating green transition in energy and industry sectors. The current reform provides an opportunity to redesign the EU ETS to help companies implement their carbon-neutrality strategies more effectively and leave no consumers behind. In the context of high carbon prices, even more, attention is needed to ensure that the safeguards are effective in limiting the unnecessary cost of decarbonisation. CEEP participated in the working diner co-hosted by three MEPs in Strasbourg last month. The main topic was the EU ETS reform, with a focus on speculation and on the funding mechanisms. The participants exchanged views on possible solutions to redesign the EU ETS so that it is fit for its purpose, fair, and can work for all to ensure clean and affordable energy to power our households and economy. Next month, CEEP with ERCST will also provide an overview of the size and functioning of the funding mechanisms which are part of the revised EU ETS and the Fit for 55 Package, i.e. the Social Climate Fund, and will put forward some recommendations in light of the ongoing legislative [...]