With the political agreement on a revised EU Emissions Trading System (EU ETS) extended to the maritime sector, buildings and road transport, the EU has equipped itself with a major piece of legislation to help drive the low-carbon transition. Through a strengthened price signal and extended scope, the EU ETS will steer even more private investments towards low-carbon technologies while providing revenues for supporting the transition. When carbon pricing is not enough to bridge the cost gap with conventional technologies, the Innovation Fund and Modernisation Fund financed from ETS revenues address this gap, catalyse private and public investments and ensure a fair transition. As underlined in the Green Deal Industrial Plan, they play an important role to stimulate the demonstration and deployment of clean technologies necessary to reduce the EU’s emissions by 55% by 2030 (compared to 1990 levels) and reach climate neutrality by 2050 while strengthening the competitiveness of the clean tech manufacturing in the EU.
The strengthened Innovation Fund and Modernisation Fund, all financed with the revenues of the EU ETS, complement each other on financing the transition. Providing almost EUR 100 billion from 2021 to 2030, they are key funding instruments at EU level to bring about innovative technologies that preserve Europe’s industrial sovereignty in an ever growing international competitive landscape for clean tech and the roll-out of mature low-carbon technologies.
This session will gather policy makers, the European Investment Bank and industry – including beneficiaries from the EU ETS funds to exchange views on how the EU ETS can best help bolster investments towards a decarbonised EU economy.
Agenda
Moderation and introductory remarks: Alexandre Paquot, Director, Innovation for a Low Carbon, Resilient Economy; Directorate-General for Climate Action (DG CLIMA), European Commission
- Peter Liese (10’): Member of the European Parliament, Rapporteur for the revision of the EU ETS Directive
- Beatriz Yordi (10’): Director, Carbon Markets and Clean Mobility, Directorate-General for Climate Action (DG CLIMA), European Commission
- Sanjoy Rajan (10’): Head of Energy Security, European Investment Bank
- Jelena Marković (10’), Senior Expert Advisor in Service for climate activities, Ministry of Economy and Sustainable Development of Croatia
- Zuzana Krejčiříková (10’), Head of the CEZ Group Public Affairs department , Modernisation Fund beneficiary for the construction of photovoltaic power plants.
- Cristina Ballester-Herrera (10’): Vice President Large Industries Europe, Air Liquide Industrie Innovation Fund beneficiary for the project, renewable hydrogen project in the Netherlands
- Magdalena Włodarczak (10’): Director of Expansion and Sustainability, Northvolt Systems Poland. Innovation Fund beneficiary for the project – Industrializing Green Optimized Li-ion Battery Systems for ESS in Poland and Sweden.
- Q&A (20’)
