Electricity

Treaty reforms to be finalized in first half of 2020 – Energy Community Ministerial Council

Photo: Energy Community

Published

December 17, 2019

Country

Comments

comments icon

0

Share

Published:

December 17, 2019

Country:

Comments:

comments icon

0

Share

The negotiations on the Energy Community Treaty reforms are expected to end in the first half of 2020, the Energy Community’s Ministerial Council concluded at the meeting in Chișinău, Moldova.

For the first time, the Treaty will task the Energy Community (EnC) to combat climate change and underlines the importance of the Paris Agreement, according to Energy Community’s Secretariat.

The Ministerial Council (conclusions) focused on Treaty reforms and the 2030 energy and climate framework.

“The reforms shall strengthen the Treaty’s enforcement mechanism including by new implementation mechanism similar to those in the EU and introducing new provisions for facilitating energy trade and enhancing market integration between EnC contracting parties and EU Member States by a system of reciprocal rights and obligations. It is expected that the negotiations will be finalized in the first half of 2020,” the Secretariat said.

The European Commission presented ongoing work on 2019 General Policy Guidelines on 2030 Targets and Climate Neutrality for the EnC and its contracting parties. The proposal on the 2030 targets is now expected in the first half of 2021, alongside the relevant legislative package.

The Ministerial Council did not reach the unanimity required to establish serious and persistent breaches of the Treaty on Bosnia and Herzegovina and Serbia.

EnC must stay fit for the changing environment around us – EU

Representing the European Union at the meeting, Anne-Charlotte Bournoville, Head of the International Relations and Enlargement Unit of the Directorate-General for Energy of the European Commission, said that the EnC is an essential part of the external energy cooperation toolkit of the EU.

“In order to maximize its role, it is crucial that the EnC stays fit for the changing environment around us. This is the principal purpose of the ongoing process to modernize the Treaty. Moreover, the EnC needs to follow the EU in its climate neutrality goals and joins the path towards decarbonization by 2050,” she said.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

heatwave power exchange prices see europe serbia

What is behind electricity price spike in SEE: grid issues, and something more

13 July 2024 - Record high temperatures aren't the main cause of the record price increase on power exchanges, ranging from 50% to 170%

IRENA La Camera renewables must grow higher speed scale

IRENA’s La Camera: Renewables must grow at higher speed, scale

12 July 2024 - IRENA's Director-General Francesco La Camera warned of ongoing patterns of concentration in geography in renewables deployment as well as against complacency

serbia nuclear energy memorandum government institutes faculties vucevic djedovic

Serbian government forges nuclear energy alliance with 20 scientific institutions, firms

10 July 2024 - The memorandum is aimed at gathering experts from Serbia and abroad to examine the possibility of the use of nuclear energy

Albania declares eight winners at 300 MW solar power auction

Albania declares eight winners at 300 MW solar power auction

10 July 2024 - The lowest bid at Albania's solar power auction came in at EUR 39.7 per MWh, against a starting level of EUR 59.97 per MWh