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Energy Roundtable calls for a Green Deal Rescue Package

The Roundtable for Europe’s Energy Future (REEF) is calling for a Green Deal Rescue Package in its joint messages entitled „Realising the European Green Deal in a time of global emergency“ which were presented to Kadri Simson, Commissioner for Energy in a video-conference on 3 April.

In the face of the coronavirus pandemic, REEF draws attention to the importance of secure and sustainable energy supply and reliable digital infrastructure, and also to the fact that in times of crisis, European partnerships and stability are all the more important to protect society and save our citizens. At the same time, the alliance points out that the current crisis should not distract from the long-term goal of meeting the Green Deal’s objectives. What would be needed after the crisis is a Green Deal bailout package aimed at green growth, jobs, and climate innovation. Accordingly, it was vital that the economic measures taken by the EU promoting green investments that contribute to the decarbonisation and reconstruction of Europe.

Besides, REEF member companies ask to ensure the financing and expansion of infrastructure projects, to meet the 2030 and 2050 targets. For this, they say, carbon pricing and a strengthened emissions trading scheme are crucial to promoting green transition in a cost-effective way. Also, digital transformation should be embraced to improve energy transmission and increase the use of data to optimize the network to allow flexible consumption.

Generally, the alliance urges for more cooperation between energy producers, TSOs, DSOs, digital companies, and consumers. During the video-conference with Commissioner Simson, REEF Chairman Claudio Facchin (ABB, President Power Grids) also stressed that during and after the crisis, REEF will support the Commission in implementing an ambitious Green Deal.

The joint messages can be found here.