Abstract

Over Summer, the European Commission published thirteen legislative proposals to put the EU transport and energy sector on track towards reducing economy-wide emissions 55% by the end of the decade (compared to 1990), as set forth in the European Climate Law. The goal for renewables in gross EU energy consumption is raised to 40% by 2030, a significant increase compared to the old target of 32% by that year, and a doubling of the 2019 share. A paradigm shift in the new proposals is a clear move towards incentives based on emission accounting. This includes a few clauses most ...