- Green Deal commits to unspecific “forward-looking” market design for decarbonised gas
- Mixed messages on the nature of forthcoming support leaves little for industry to work with
- Lack of regulatory clarity remains a stumbling block to investment
- Multitude of approaches championed by individual TSOs could yet yield results – but not for everyone
In December, the European Commission published its European Green Deal, a 24-page document which calls for an EU-wide transition to net zero greenhouse gas (GHG) emissions by 2050.
In its own words, the Green Deal is “a new growth strategy,” aimed at transforming the EU into a “modern, resource-efficient and competitive economy where there are no net emissions of greenhouse gases in 2050 and where economic growth is decoupled from resource use.”