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Scott Brockett Unit ‘Energy and Environment’ Directorate-General Environment European Commission

Modalities for demonstration of CCS and innovative renewables under the Emissions Trading Directive Article 10a paragraph 8. Scott Brockett Unit ‘Energy and Environment’ Directorate-General Environment European Commission. Specifications in the legislation. Max 300 million allowances

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Scott Brockett Unit ‘Energy and Environment’ Directorate-General Environment European Commission

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  1. Modalities for demonstration of CCS and innovative renewables under the Emissions Trading Directive Article 10a paragraph 8 Scott Brockett Unit ‘Energy and Environment’ Directorate-General Environment European Commission

  2. Specifications in the legislation • Max 300 million allowances • Available only until 31 Dec 2015 for allocation • Maximum 12 CCS plants plus innovative renewables • Support dependent on verified avoidance of CO2 emissions • Support to be given via Member States • Projects in geographically balanced locations and representing a wide range of technologies • Project selected on the basis of objective and transparent criteria that include requirements for knowledge-sharing. • No more than 15% of allowances for any individual project. • In principle, no more than 50% of incremental costs of CCS to be financed.

  3. CCS and renewables • Treatment of CCS versus renewables projects • Ex ante apportionment of 300M allowances between the two groups • How determined? • Competitive process, where proportion of funds devoted to each technology will depend on the merit of projects

  4. Selection of projects 1 • Selection of projects • Establishment of categories • Eligibility criteria: • Scale (MW)/scaling up? • Capture rate/avoided CO2? • Date by which operational (end 2015)? • Project maturity (Front End Engineering Design study)? • Core requirements on knowledge-sharing? • Further characterisation of innovative renewables?

  5. Selection of projects 2 • Selection and award criteria • Financial and technical adequacy, permitting • Project quality and requested funding • Speed of deployment (in addition to/instead of eligibility requirement) • Knowledge-sharing (in addition to/instead of eligibility requirement) • Selection at EU or MS level • EU level: standard competitive procedure • MS level: how organised? • Either level: how to ensure geographical balance?

  6. Disbursement of allowances Options • Allowances are auctioned at EU level, and MSs pass funds to operators. • Allowances are auctioned at MS level, and funds passed to operators. Conditional on avoided CO2 • Disbursement when project operational and CO2 avoided? • Up-front disbursement with dissolution clause if no/less CO2 is avoided?

  7. TIming Development of modalities • Comments on key issues requested by 13 March • Commission informal proposal to Climate Change Committee/WG3 as soon as possible thereafter • Iterative discussions with WG3/Climate Change Committee • Stakeholder consultation • Interservice Consultation • Proposal for vote to CCC • EP scrutiny period of 3 months • Aim for adoption by Commission end 2009 Project selection and award • Call for proposals deadline mid 2010 • Selection of proposals and allocation of funding end 2010

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