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Von der Leyen: EU to keep free ETS quotas after 2030 for companies that reduce emissions

Von der Leyen: EU to keep free ETS quotas after 2030 for companies that reduce emissions

European Commission President Ursula von der Leyen said that the European Commission proposes to maintain free quotas under the EU's Emissions Trading System (ETS) after 2030 for companies investing in decarbonization, as part of efforts to strengthen the competitiveness of European industry while maintaining the bloc's net profits by 2050.- zero target.

Speaking at the annual conference of the French Business Movement (MEDEF) in Paris, von der Leyen said that energy costs remain one of the main factors limiting Europe's competitiveness, while energy prices in Europe are still two to three times higher than in the United States or China. According to the president of the European Commission, more than half of the energy consumed in Europe still comes from imported fossil fuels, while the crisis in the Middle East has led to additional costs exceeding 50 billion. евро.

EU aims to accelerate electrification промышленности

Von der Leyen said that currently more than 70% of the EU's electricity is generated from low-carbon sources, including renewable energy and nuclear energy. However, electricity accounts for only about a quarter of final energy consumption, highlighting the need to accelerate the electrification of industry, transport and buildings as part of the recently adopted Electrification Action Plan.

At the same time, she noted that electricity is on average almost three times more expensive than gas, stressing the need to reduce energy costs through increased use of long-term contracts, investments in the development of electricity grids and storage facilities. Last year, more than 80 GW of renewable energy production capacity was installed in the EU, while six times as much energy is still waiting to be connected to the grid. In addition, about 10 TWh of renewable energy was lost due to insufficient grid or storage capacity.

The measures proposed by ETS to reduce industry costs by almost 10 billion евро

Regarding the EU carbon market, von der Leyen said that the European Commission proposes to modernize the system while maintaining the EU's goal of achieving zero emissions by 2050. In addition to maintaining free benefits after 2030 for companies investing in decarbonization, the proposed measures are expected to reduce industry costs by almost 10 billion euros by 2027. 2030.

In addition, the new investment accelerator is expected to attract 30 billion euros for the implementation of projects ready for launch, and the planned Industrial Decarbonization Bank is expected to allow the implementation of more than 100 billion euros by 2030.

Industrial Acceleration Law, which will include European преференции

Von der Leyen also highlighted the planned Law on Accelerating Industrial Production, which will include European preferences. accelerated obtaining of permits for industrial projects and leading markets for such industries such as steel, cement, aluminum, vehicles, batteries, and environmentally friendly technologies.

Legislation will also provide for more strategic use of public procurement and government assistance. Von der Leyen stated that public financing should support low-carbon production and sustainable value chains for European industry.

EU strengthens trade policy measures защиты

Regarding trade, von der Leyen said that the EU needs to ensure fair competitive conditions, especially in relations with China. She said that Chinese imports to the EU have increased by 45 percent over the past five years, while European exports to China have declined and the EU's trade deficit with China has reached almost 1 billion euros per day.

According to von der Leyen, the EU launched more than 30 new trade protection investigations last year, almost three times the historical average, while existing measures protect more than 600,000 jobs in Europe.

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