Press review

UFE/Press review of 07/11/16

EURELECTRIC presents its positions on the major issues addressed in the Winter Package
During its conference on the forthcoming winter package held on October 27th, Eurelectric presented its position on the major issues to be addressed in the Winter Package. The European association notably calls for a holistic and coordinated governance of the Energy Union between the European, regional and national levels. Regarding the new energy market design, key principles for the introduction of capacity mechanisms should be developed in the forthcoming legislative proposal. Eurelectric also expressed its support to ensuring all market players have the same rights and responsibilities. The legislative package is likely to be released on November 30th.
Eurelectric, 27/10/2016
UFE published new study on how to finance the evolution of energy demand in France
The trade association of French electricity companies UFE published on November 3rd, during its annual conference, its latest study on financing the evolution of energy demand in France. In this study, UFE presents 10 key actions with which 75% of the 40% CO2 emission reduction objective can be reached. These 10 actions mostly focus on the residential and transport sectors (increasing share of electric vehicles, developing heating networks etc.). 30 billion euros of investment per year are necessary, between 2015 and 2030, to reach this ambition, generating at the same time €33bn of savings on energy consumption. UFE considers “aligning fiscal tools with climate tools” as a priority, notably by imposing a CO2 price, with a trajectory set at 100€/tCO2 in 2030 in the next budget bills. More importantly, the savings generated should not be invested in measures with low climate efficiency.
AEF, 03/11/2016
G20 Carbon Intensity decreased by 2.3% in 2015 according to PwC
In the 2016 edition of it Low Carbon Economy Index published last November 1st, the consulting organization PwC revealed that carbon intensity of the G20 member states decreased by 2.8% in 2015, possible “firsts signs of the uncoupling of emissions from economic growth”. According to PwC, this rate remains twice higher than the usual rate of 1.3% since 2000. Yet, efforts remain to be made if the G20 countries expect to reach the 6.5% necessary to meet the objective of 2°C.
PwC 01/11/16
Ségolène Royal launched a Commission on the value of climate action
COP21 President and French Minister of Energy Ségolène Royal announced the creation of a new High-Level Economic Commission on the “social cost of carbon”, which will be chaired by Joseph Stiglitz and Nicholas Stern. “The objective of the commission, set up within the Carbon Pricing Leadership Coalition (CPLC), (…) managed with the World Bank, is to identify indicative corridors of reference values for the “social cost of carbon” – representing the benefit to the world from every ton of climate pollution reduced, taking into account all climate risks and uncertainties and aligned with the ambition of the Paris Agreement”. The value of the social cost of carbon will contribute to assess and reveal the advantages that the planet can benefit from for each ton of CO2 non-emitted. “Those values could then be used as a reference to channel finance toward low-carbon development projects, and also design domestic carbon pricing instruments” Mrs. Royal said.
AFP, 03/11/2016

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