Press review

UFE/Press review of 19/12/2016

The French NRA launches a consultation on the changes proposed by RTE on the French balancing system
Following the publication by RTE of its "Roadmap of the balancing of the French electricity system" last July, the French regulator Commission de régulation de l'énergie (CRE) launched on December 16th a public consultation aiming to collect the opinion of the relevant stakeholders on the TSO's proposals. The questionnaire also reflects on the proposals made by the European Commission in its winter legislative package "A Clean Energy for All Europeans". This consultation is open until January 20th and will serve as basis for CRE's positioning in the first quarter of 2017.
Commission de régulation de l’énergie, 16/12/2016
ENVI Committee adopts its position on the EU ETS reform
The Environment Committee of the European Parliament adopted on December 15th Ian Duncan's (ECR, UK) report on the reform of the European ETS. Adopted with a large majority (55 votes in favour, 5 against), the report supports a 2.4% linear reduction factor, against the European Commission's proposal of 2.2%. The Members of the European Parliament in the ENVI Committee also calls for increasing the intake rate of the Market Stability Reserve from 12% to 24%, and cancelling 800 million allowances from the MSR in 2021. The text still has to be adopted by the European Parliament during its February plenary session.
European Parliament, 15/12/2016
Energy as one of the European institutions’ priorities for 2017
The Presidents of the European Commission, Council of the European Union and European Parliament signed on December 14th a joint declaration defining the European Union’s legislative priorities for 2017. They recognize “[d]elivering on our objective of an ambitious Energy Union and a forward looking climate change policy” as one of the 6 priorities, notably through “the implementation of the 2030 climate and energy framework, the follow-up to the Paris Agreement and the Clean Energy for all Europeans package”.
European Parlialent, 14/12/2016
The French example in terms of green bonds
In a report published on December 2nd, the European Commission underlined that France had the most important volume of green bonds in Europe mid-2016, reaching US$63.9 billion, followed by the UK with US$61.9 billion of issuances. According to the Commission, several measures should be promoted at the European level based on national best practices. In this perspective, the public label for green investment funds developed by France has “the potential to be replicated in the European context”.
European Commission, 02/12/2016

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