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EU commission shelves plans to introduce renewables certificates trade — report
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The EU commission has shelved plans to introduce cross-border trade with renewable energy certificates over German government concerns local energy producers could export their volumes, Frankfurter Allgemeine Zeitung reported.
The EU plans to introduce certificates for new investments in renewable energy as part of its plans to commit member states to a certain share of renewables in their energy mix by 2020.
Under initial plans, member states can also reach their national goals by investing in other countries’ renewable energy generation.
According to the report, which cites a EU draft for the directive, the German government fears local renewable energy producers will rather export their certificates for higher prices than feed their energy into the national grid at fixed prices.
The German government fears that as a result, it would be forced to spend some 4 bln eur on purchasing additional certificates or invest in less cost-effective energy sources to come up for the losses, according to the report.
Thomson Financial
21 December 2007
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