TTIP negotiations present an opportunity to lift export restrictions on American oil and gas in force since 1938. Europe would gain increased security in the supply of energy commodities, and the US could reinforce the eastern borders of NATO while competing on the European market.
Signing the transatlantic free-trade agreement could increase Europe’s energy security. The trick is how to compete with American companies that are already using cheaper energy and don’t have to comply with the same restrictions on CO2 emissions.
The issue of decarbonisation of the economies of EU member states, and in particular Poland, generates a lot of heat. Decarbonising the economy was named as one of the EU’s five energy priorities in the Commission communication entitled “A Framework Strategy for a Resilient Energy Union with a Forward-Looking Climate Change Policy.”
On 15 July 2015 the European Commission published a proposal to amend the current Emissions Trading System Directive (2003/87/EC).
On 8 July 2015 the European Parliament issued a decision establishing a market stability reserve (MSR) mechanism for CO2 emission allowances. The decision was approved by the Council of the European Union on 18 September 2015.
Current producers of electricity from renewable energy sources as well as producers from modernised RES installations are to be offered a choice between maintaining the current support rules (using certificates of origin) and a new auction-based support system. The auction system would be applied with respect to new installations put into operation on or after 1 January 2016. Another major element of the latest proposal for the RES Act is support for “prosumer” generation of electricity at micro RES installations.