10/24/2014, Berlin

The BDEW on the meeting of the European Council:

Agreement is an important signal for the climate conference.

Müller: Reduction of CO2 emissions by at least 40 per cent a positive result / market based approach to energy security strategy correct

The European Council last night debated climate and energy policy for 2030 as well as the future energy security strategy of the European Union. "The agreement of the European heads of government and heads of state is a positive result. The agreed target, to reduce CO2 emissions by at least 40 per cent by 2030 is ambitious and sends out an important signal ahead of the 2015 International Climate Conference in Paris. As such, the EU continues to lead the way in climate protection. At the same time, the energy industry now has more planning certainty in relation to investments post-2020. However, the open issues need to be clarified as soon as possible. Consequently, the negotiations on the reform of European emissions trading need to be brought quickly to a satisfactory outcome", explained Hildegard Müller, Chairwoman of the General Executive Management Board of the BDEW.

In light of this, BDEW had for a long time supported an ambitious CO2 reduction target of at least 40 per cent as well as a binding EU target for the development of renewable energies of at least 27 per cent for 2030. "Now, the implementation of the exemption rules will be crucial. Even though these rules in favour of some member states were necessary if a compromise was to be reached, care must be taken to avoid any distortion of competition. The important thing now is to implement the agreement quickly, both legally and administratively. This will include adjusting the reduction factor in the trade with CO2 emissions certificates. Furthermore, a reliable process must be created by the government to ensure renewables targets are met at a European level", stressed Müller.

"As far as the energy security strategy is concerned, the heads of state and heads of government correctly highlighted the fact that a market based approach, in close conjunction with the relevant supervising authorities, is the best way to ensure a secure supply of natural gas. State interventions in the market should therefore be avoided where possible. The gas industry, for example, is very differently structured in the individual EU countries. Measures to further improve the security of supply should also generally be tailored to the different regional conditions." explained Hildegard Müller.

"As such, the secure supply of natural gas can be best provided through an open, liquid, well-connected and transparent European natural gas market with a range of sources, intelligent solutions on the sales side and certainty in the investment environment. Müller: "We therefore support the political efforts to further strengthen the internal market for natural gas in Europe. The expansion of the energy infrastructure in Europe has a key role to play wherever it is required for a functioning internal market. In Germany, we have had a secure and highly capable gas supply for many decades."


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