On 22 May 2019 the Council of the EU held the final adoption of the Regulation on the Internal Market for Electricity, a key piece of legislation to align Europe’s electricity markets with its climate ambitions. The adopted Regulation marks an important step towards the phasing out of coal in Europe, as it imposes the 550g CO2/kWh carbon criterion for capacity mechanisms.
Since its launch in June 2017, all the members and supporters of the Make Power Clean initiative advocated for an emission performance standard for capacity mechanisms: a necessary measure for Europe’s electricity markets to be consistent with the commitments taken under the Paris Agreement. After almost two years of public debates and institutional negotiations, the European institutions agreed to make the eligibility for new capacity mechanisms conditional to a 550g CO2/kWh carbon criterion, and to allow for a transition for existing ones until 2025.
While the agreement could have included more ambitious requirements, this new measure is consistent with the EU’s global leadership in climate action and contributes to creating the right electricity market design for a cleaner future. The agreed measures, as intended by the Commission’s original proposal, will ensure that the most polluting electricity generation will not benefit from public support. This, in turn, will make the European Union’s electricity market more flexible, secure and sustainable to put Europe on track for the energy transition and its climate ambition.
Now that the Regulation has been adopted, from the Make Power Clean we would like to thank all the representatives from European and national institutions that throughout this process showed commitment with addressing climate change by supporting the measures proposed by the European Commission. Moreover, we would like to thank all the supporters of our campaign as well as all those who, in an example of coherence with Europe’s leadership on climate policy, positively contributed to the debates and showed their clear #SUPPORT550.
The Make Power Clean campaign was launched in June 2017 by a group of nine companies and associations and was supported by 17 organisations from a variety of sectors committed to providing solutions to deliver the energy transition and move forward to a low-carbon economy.