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Energy
Contact: Nadia Allen at NAL@amchameu.eu
Making the Clean Energy Package work for all
With its Clean Energy for All Europeans Package, the EU aims to be a global leader in the low-carbon economy transition.
The Clean Energy for All Europeans Package provides an integrated approach to EU energy policy and proposes useful measures to adapt market rules to new generation and consumption patterns. It restores some market signals and a level playing field for all energy sources, empowers consumers and new players, and rewards flexibility. However, some key investment signals are still missing.
As US business in Europe, we have a unique stake as both investors and energy users.
Learn more in our Clean Energy Package infographic
Clean Energy for All Europeans Package Recommendations from the perspective of investors & energy users
Clean Energy Package: Driving investment in the low-carbon economy
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Clearing the hurdles for renewable energy in Europe
Corporate procurement of renewable energy is making a sizeable contribution to energy and climate objectives. In the EU, this business model has yet to live up to its potential compared to other regions of the world, particularly the US, where corporate procurement of renewable energy represents over 8GW.
Removing obstacles to Power Purchase Agreements (PPAs) for renewables could help the private sector achieve the EU’s 2030 targets, despite reduced public funding for renewables.
Corporate purchasing in the EU could take us across the finish line but
significant challenges remain
Challenge
Reaching agreements on PPAs
Solution
Track progress in removing administrative hurdles
Develop interconnection and market coupling to support cross-border PPAs
Challenge
Doubts about access to Guarantees of Origin (GOs)
Solution
Increase transparency and harmonisation for issuing GOs
Challenge
Administrative requirements make it more costly to develop renewables
Solution
Support investment in infrastructure and storage and balancing mechanisms to better integrate renewable energy into the grid
Learn more in our renewables infographic
Corporate power purchasing of renewable energy and the Clean Energy Package
Useful links
EPBD review: Boosting the investment case in the building sector
Clean Energy Package: ITRE vote a positive step for energy efficiency
AmCham EU travels to Strasbourg to talk energy and transport