The European Commission organised between September 2018 and January 2019 a series of technical workshops in the 10 EU Member States that will benefit from the new Modernisation Fund to be set up under the revised ETS Directive. The workshops also allowed for discussions on the possible use of the Article 10c mechanism.
The revised ETS Directive for 2021-2030 establishes a Modernisation Fund to support low-carbon investments in the energy systems of 10 EU Member States: Bulgaria, the Czech Republic, Croatia, Estonia, Hungary, Latvia, Lithuania, Poland, Romania and Slovakia.
The same 10 Member States may make use of the Article 10c mechanism. The Directive allows beneficiary Member States to enable support to larger investments by transferring allowances under the Article 10c mechanism and of the redistributed auction volume to the Modernisation Fund. Member States have to notify European Commission by 30 September 2019 about the intended use and transfer of Article 10c mechanism allowances.
The European Commission organised a series of technical workshops in each of the 10 beneficiary Member States between September 2018 and January 2019 to inform stakeholders on the legal framework, benefits and choices to be made in the set-up and use of the Modernisation Fund and the Article 10c mechanism.
The workshops aimed to:
For more information, please contact: CLIMA-MODFUND@ec.europa.eu