Jun 08 2016

Dutch Presidency publishes paper covering the Council’s progress on ETS Innovation Fund

…(and the ETS 2030 file more generally). The paper includes the lines,

“The selection of projects/the allocation of funds should be primarily based on merit, while access to bid on fair terms should be enabled to allow for a wide and balanced geographical spread of projects. Most delegations are in favour of simplified procedures for smaller projects, also to enable a wide geographical spread of projects.”

“The Presidency proposes to further explore the need for a wide geographical spread if simplified procedures and access to bid on fair terms are in place. The Presidency invites industry to come forward with concrete ideas regarding the use of the Innovation Fund.”

Presidency note

  1. NER400.com’s comment

    The Presidency is wise to listen to industry (both power and non-power sectors) and advance cautiously. It is also what the Impact Assessment advises in regard to choosing the maximum funding rate. It says, “it is not possible to simulate the effect of higher funding rates based on current experience with the NER 300” and recommends that co-funding rates for RES, CCS and industry be identified “through more extensive market testing in the context of preparing the implementing legislation for the Innovation Fund.” This line appears in the Impact Assessment body and annex (p59, p222) and in the executive summary of the Impact Assessment (SWD (2015) 136). It is odd, therefore, that the EC in its legislative proposals pre-empted this exercise and plumped for 60% as a flat rate for all the sectors concerned by ETS Innovation Fund, and odder still that MEP Duncan should feel he has the insight to confidently boost it to 75%.