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ZEP Policy Brief - EPS in Capacity Mechanisms

  • Date: 05/07/2017
  • Category: ZEP news

    ZEP welcomes the Commission’s proposal to introduce design principles for capacity mechanisms as described in the winter package in article 23. ZEP particularly welcomes point no 4 which states that “Generation capacity emitting 550 gr CO2/kWh or more shall not be committed in capacity mechanisms 5 years after the entry into force of this Regulation”, and similar for “generation capacity for which a final investment decision has been made after [OP: entry into force]”. Our view is that by setting a 5 year trajectory for an emissions performance standard, this proposal will assist asset planning and reduce the risk of future stranded assets. The proposal may also give a valuable (long-term) signal of the requirement for CCS in the power sector. However it is important to highlight that such an emissions performance standard alone will not drive sufficient carbon reduction to meet Europe’s targets and will not drive CCS without complementary instruments and policies.