Electricity

Kantor, E3 to design carbon tax for Energy Community Contracting Parties

Kantor-E3-carbon-tax-for-Energy-Community

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February 3, 2020

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Published:

February 3, 2020

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The consortium made of Kantor Management Consultant SA and E3 modelling will be in charge of preparing a study on carbon pricing design in the Energy Community.

The consortium was selected at a public call for the provision of consulting services published in October by the Energy Community Secretariat.

The study’s objective is to assess and propose the design of an effective carbon pricing mechanism

The study’s objective is to assess and propose the design of an effective carbon pricing mechanism conducive to the decarbonization of the Energy Community Contracting Parties’ electricity sectors in a cost-effective and socially acceptable way, according to the Energy Community Secretariat website.

The design of any future carbon pricing mechanism should allow for transitional carbon pricing

The design of any future carbon pricing mechanism should allow for transitional carbon pricing by each Contracting Party (separately or as part of an Energy Community-wide design) and prepare the Contracting Parties for joining the EU ETS in the future.

The Secretariat will ensure that experts from the Contracting Parties are actively involved in the process

It should also include solutions for a targeted and fair reallocation of the funds obtained by the Contracting Parties and minimize the impact on system adequacy and security of supply, according to the Secretariat.

During the course of the study, the Secretariat will ensure that experts from the Contracting Parties are actively involved in the process, including via existing Energy Community bodies and platforms, including the Permanent High Level Group, Energy and Climate Committee and its Technical Working Group, the platform for generation companies – GENEnC, Environmental Task Force as well as national institutions in charge of social protection, public revenues, civil initiatives and interested stakeholders in the Contracting Parties.

The kick-off meeting with the consultants took place on January 20 in Vienna.

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