Legal Alert
Regulatory overview January 2022
- Category: Legal Alert
European Commission begins expert consultations on Complementary Delegated Act covering certain nuclear and gas activities - "Commission considers there is a role for natural gas and nuclear as a means to facilitate the transition towards a predominantly renewable-based future. Within the Taxonomy framework, this would mean classifying these energy sources under clear and tight conditions (for example, gas must come from renewable sources or have low emissions by 2035), in particular as they contribute to the transition to climate neutrality".
Commission Delegated Regulation amending Delegated Regulation (EU) 2021/2139 as regards economic activities in certain energy sectors and Delegated Regulation (EU 2021/2178 as regards specific public disclosures for those economic activities (Complementary Delegated Act - CDA)
Related articles:
Taxonomy technical screening criteria (TSC)
EU Platform on Sustainable Finance! Response to the Complementary Delegated Act
Related article: Taxonomy Regulation
EBA publishes binding standards on Pillar 3 disclosures on ESG risks
Related article: Sustainable finance
Instructions on how to download transparency results files v1.4 – Updated
Related article: Financial Instruments Reference Data System (FIRDS)
Commission proposes new EU framework to decarbonise gas markets and promote hydrogen, consisting of:
- Proposal for a Directive of the European Parliament Parliament and of the Council on common rules for the internal markets in renewable and natural gases and in hydrogen, COM/2021/803 final,
- Proposal for a Regulation of the European Parliament Parliament and of the Council on the internal markets for renewable and natural gases and for hydrogen (recast), COM/2021/804 final.
Related articles:
Hydrogen use in the energy sector
Re-endorsement of rules for large combustion plants to reduce air pollution - Commission Implementing Decision (EU) 2021/2326 of 30 November 2021 establishing best available techniques (BAT) conclusions, under Directive 2010/75/EU of the European Parliament and of the Council, for large combustion plants published in the EU Official Journal
Related article: Best Available Techniques (BAT)
European Commission approves €900 million German scheme to support investments in production of renewable hydrogen
Related article:
Hydrogen use in the energy sector
Guidelines on State aid for climate, environmental protection and energy 2022 enter into force in January 2022
Related article: CEEAG
ACER to decide on ENTSO-E’s proposal for the Regional Coordination Centre Post-Operation and Post-Disturbances Analysis and Reporting Methodology
ENTSO-E Proposal for Regional Coordination Centre Post- Operation and Post-Disturbances Analysis and Reporting Methodology in accordance with Article 37 (1) (i) of the Regulation (EU) 2019/943 of the European Parliament and of the Council of 5 June 2019 on the internal market for electricity
Related article: Regional Coordination Centres (RCCs)
Methodology for Mandatory Peer Reviews in relation to CCPs’ authorisation and supervision under EMIR
Related article: Central counterparty (CCP)
Call for evidence, DLT Pilot Regime and review of MiFIR regulatory technical standards on transparency and reporting, ESMA70-156-4957
Related article: Distributed ledger technology (DLT)
Communication from the Commission supplementing the Guidelines on certain State aid measures in the context of the system for greenhouse gas emission allowance trading post-2021 2021/C 528/01, C/2021/8413
Related article: Guidelines on certain State aid measures in the context of the system for greenhouse gas emission allowance trading post 2021
ESMA Final report, Guidelines on certain aspects of the MiFID II appropriateness and execution-only requirements., ESMA35-43-2938
Related article: Execution-only service
Proposal for a Directive of the European Parliament and of the Council on the energy performance of buildings (recast), COM/2021/802 final
Related article: Energy Performance of Buildings Directive (EPBD)
ACER Decision 13/2021 withdrawing Decision No 08/2021 of 29 June 2021 on the definition of system operation regions
Related article: System Operation Region (SOR)
ACER Decision 14/2021 on the Long-Term Capacity Calculation Methodology of the Core Capacity Calculation Region - implementation of the long-term capacity calculation methodology will start with the yearly auctions for 2025 and monthly auctions for January 2025.
Related article: Capacity Calculations Regions (CCRs) - the key architecture of the EU Internal Electricity Market