CCS Wire

Here’s part of the 20-June EU summit communique covering climate & energy issues. The Commission is called on “to bring forward as soon as possible a mechanism to incentivise Member State and private sector investment to ensure the construction and operation by 2015 of up to 12 [CCS] demonstration plants“. Compared to the March 2007 conclusions, there is a stronger emphasis: “welcomes” is replaced by “calls on”, while “stimulate” is replaced by “ensure”. Full extract follows.

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Presidency Conclusions – Brussels, 19/20 June 2008

44. The EU remains committed to maintaining international leadership on climate change and energy. The European Council welcomes the progress made on an ambitious, global and comprehensive post-2012 agreement on climate change at the negotiations in Bangkok in April and in Bonn in June 2008. The pace of negotiations needs to accelerate in order to come to an agreement in Copenhagen in 2009 consistent with the 2°C limit. With the aim of agreeing on an EU position at the Spring 2009 European Council, the Commission is invited to present a comprehensive strategy for scaling up finance and investment flows for both mitigation and adaptation in response to the Bali Action Plan, including mechanisms for research and development in, and the dissemination and transfer of, safe and sustainable low-carbon technology.

45. In order to maintain international leadership and credibility the European Union must rapidly reach an agreement on its climate and energy package. The European Council therefore welcomes the progress achieved to date on the different proposals in the climate and energy legislative package and urges the Council to work in close cooperation with the European Parliament towards an agreement in line with the principles and time targets set at its March 2008 meeting. The European Council calls on the Commission to bring forward as soon as possible a mechanism to incentivise Member State and private sector investment to ensure the construction and operation by 2015 of up to 12 demonstration plants of commercial power generation with carbon capture and storage, as agreed by the European Council in spring 2007. In this context the European Council reaffirms the need for coherent policies and instruments exploiting the synergies relating to Energy and Climate Change, in all economic sectors concerned, i.a., the transport sector.

46. The European Council welcomes broad agreement reached on essential elements of the internal energy market legislative package, in particular on the issue of effective separation of supply and production activities from network operations in the gas and electricity sectors. The European Council urges the Council and the European Parliament to reach final agreement on the package before the end of the current legislative term.

ENDS

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