Trading tags guaranteeing renewable or low-carbon properties could be a key way to secure the EU gas industry’s long-term future in a decarbonized energy system.
The EU will soon consider enshrining a 2050 net-zero emissions goal into law, after the European Commission’s president-elect, Ursula von der Leyen, promised to propose this by early 2020.
A net-zero commitment is a step up from the current EU goal to cut emissions by at least 80% on 1990 levels. Von der Leyen promised to focus on decarbonizing energy demand from transport and buildings – both sectors where renewable and decarbonized gases could contribute to emission cuts.
Setting up an EU-wide guarantees of origin (GO) system for such gases would be an efficient way to promote them, according to energy traders and gas industry