Summary
The European Union (EU) without net emissions of greenhouse gases, if it is possible before 2050, is the desired goal. It is recognized that reduction of greenhouse gas emissions is urgent in order to protect the health and well-being of people. The domestic emissions of greenhouse gases have dropped in the EU, contrary to the increase in the emission of greenhouse gases embedded in imports to the EU. Countries that are less intensive in terms of emissions of greenhouse gases are attractive for producers of cement, fertilizers, iron and steel, aluminum and hydrogen and such products increase in the total global emission of greenhouse gases.
Read more Read lessThe Regulation (EU) 2023/956 of the European Parliament and of the Council of 10 May 2023 establishing a carbon border adjustment mechanism (CBAM), is seen as an essential element for meeting the objective of a climate-neutral EU and to encourage decarbonization in third countries.
In this paper the analysis of the impact on electricity markets on the chosen Energy Community
Contracting Parties (EnC CPs), after implementation of CBAM starting from 1 January 2026, is presented. It is shown how addressing the risk of carbon leakage in the EU affects those electricity markets. Topics such as the strength of the electricity markets to resist a new levy, encouragement to effectively support the reduction of emission of greenhouse gases, and incentives for new renewable investments are covered in this paper.
Additional informations
| Publication type | Session Materials |
|---|---|
| Reference | C5_12355_2026 |
| Publication year | |
| Publisher | CIGRE |
| Country | Serbia |
| Study committees | |
| File size | 482 KB |
| Price for non member | 30 € |
| Price for member | 30 € |
Authors
JANJANIN Jadranka - EMS JSC Belgrade, Serbia; DANILOVIC Milan - Energy Agency of the Republic of Serbia, Serbia
Keywords
Carbon Border Adjustment Mechanism (CBAM), Greenhouse gas emissionst, Climate neutrality, Carbon leakage, Electricity markets.
