CEEAG
- Category: European Union Carbon Market Glossary
EEAG is the acronym used for the European Commission's Guidelines on State aid for environmental protection and energy 2014-2020 (2014/C 200/01).
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21 December 2023 As part of the measure, a new “time-shifting trading platform” will be set-up. Through this platform, storage capacity will be pooled and offered to third parties in the form of standardised time-shifting products. The beneficiaries of the measure will be required to make available the storage assets on this platform. The TSO will then assign physical storage assets to execute the standard time-shifting contracts, optimising the use of available storage assets. This platform will enable RES producers to use the storage assets supported by the measure to directly shift their electricity production from times of overgeneration to times of scarcity.
21 December 2023
19 December 2023 The project to promote the production of green steel will install electrolysers nearby SHS' facilities, thereby kickstarting the development of a renewable hydrogen value chain in the Saarland region. At a later stage, SHS expects to be connected to the German hydrogen network
European Commission approves €2.4 billion Czech scheme to support sustainable biomethane production
29 September 2023 Commission approves modifications to Belgian capacity mechanism
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EEAG enable Member States to fund projects for environmental protection (including climate protection and green energy) and energy generation adequacy in a cost-effective and non-distortive way. They entered into force in 2014 together with the relevant provisions of the General Block Exemption Regulation (GBER) and are applicable until 31 December 2021 following a 1-year prolongation.
See also:
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The revision of the EEAG and the relevant provisions of the GBER occurs against the backdrop of the twin green and digital transformation of the economy, notably the European Green Deal that aims to transform the EU into the first carbon neutral economy by 2050 (with a proposed increase of the greenhouse gas emission reduction target for 2030 to at least 55% compared to 1990) and a circular and zero-pollution one, where natural capital is protected.
Also, there have been a number of relevant regulatory changes (in particular, the Clean Energy Package, the Clean Mobility Package, the Circular Economy Package, and the EU Taxonomy Regulation).
The Inception Impact Assessment of 12 November 2020 (ref. Ares(2020)6636736) envisions the revision of the EEAG in light of the above developments.
The new Guidelines on State aid for Climate, Environmental protection and Energy (CEEAG) have been endorsed by the European Commission on 21 December 2021 and entered into force in January 2022.
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In the relevant communication the European Commission accentuates the fact that the CEEAG, in particular, broaden the categories of investments and technologies that the EU Member States can support to cover all technologies that can deliver the European Green Deal. Carbon Contracts for Difference are also promoted.
"A new single section covers the reduction or avoidance of greenhouse gas emissions, facilitating the assessment of measures supporting the decarbonisation of different sectors of the economy, including through investments in renewable energy, energy efficiency in production processes and industrial decarbonisation, in line with the European Climate Law. The revised rules generally allow for aid amounts up to 100% of the funding gap, especially where aid is granted following a competitive bidding process, and introduce new aid instruments, such as Carbon Contracts for Difference to help Member States respond to the greening needs of industry," reads the European Commission press release of 21 December 2021.