Using gas is currently the most cost-efficient way of reducing greenhouse gas emissions and other air pollution in all energy sectors. The 20-20-20 targets have encouraged the EU to reduce greenhouse gas emissions, increase the market share of renewable energy sources and achieve energy efficiency gains. The targets have shown that energy and environment/climate policies are inseparable. They have also shown that the sustainability criteria of security of supply, competitiveness and environmental protection apply to both in the same way and that closer coordination is necessary.
The ETS is the most important tool that the EU has to reduce greenhouse gas emissions cost-efficiently. That’s why Eurogas has strongly supported the back-loading and cancelling of surplus allowances that depress the price of allowances to the extent that they no longer fulfil their role in reducing greenhouse gas emissions. Eurogas has also supported an early adaptation of the annual linear reduction factor.
Technology-neutral policies will ensure that emissions are reduced in the most cost-efficient manner at all times. Climate policy in the area of energy should be based on a greenhouse gas emissions reduction target for the entire economy, the price of carbon as the main driver for low-carbon investment and a well-functioning emissions trading system.