CoolPass: European Commission to suggest new trading scheme to improve energy savings.

March 6, 2011 - PRLog -- According to a draft document of which CoolPass has learned, the European Commission, the executive body of the EU is to ask the 27 member nations to establish “national energy saving obligation schemes” for sectors currently uncapped by the emissions trading system (ETS), like transport and energy distribution.

The EC expects governments to force various sectors of their economies to deliver a fixed amount of energy savings, or to purchase certificates from the market.

The initiative will still require the approval from national governments and the European parliament before it can be written into law.


The paper is due to be published in early March together with an EU roadmap on how to  change to a low carbon economy in 2050, which is expected to included a number of measures on how to ensure the bloc cuts emissions by 25% by 2050 as an interim goal.


In 2007, the EU committed to improve energy efficiency by 20%, CoolPass research reveals, cut emissions by 20% and ensure that renewables account for 20% of total energy usage by 2020.


The EC anticipates that the bloc will need a saving of around 370 million tonnes of oil equivalent in 2020 to meet the energy efficiency target, but with the policies presently in place, only around half of that is achievable.



CoolPass has learned that the paper indicates that a trading system with energy saving certificates, also known as white certificates, may be able to ensure savings of up to 100 million tonnes of oil equivalent compared to business-as-usual.


Currently France and Italy already have white certificate markets in place, while Denmark and the UK have energy saving obligations in place without a market system.

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