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Agora Energiewende_German Power Market 2019 Summary

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Political developments

Political developments and outlook in 2020 (3) Climate and energy policy in Europe: In December, EU heads of state decided that Europe should become climate neutral by 2050. The new EU Commission President von der Leyen presented a "European Green Deal" in December, which is intended to steer Europe towards climate protection and energy system transformation in the coming years. The EU’s climate target for 2030 is to be increased from minus 40 to minus 50-55 percent reduction compared to 1990. Between March 2020 and mid-2021, the European Commission will also submit amendments to all relevant EU directives and regulations to bring them into line with the higher targets. International Climate Conference in Glasgow in November 2020: The Paris Agreement of 2015 stipulated a review and increase in the Nationally Determined Contributions (NDCs) of the signatory states every five years in order to achieve the 2-degree target. For the first time, such an increase in commitments can be expected at the climate conference in Glasgow next year. The EU, as host, has a crucial responsibility for the success of the conference – highlighting the importance of its own target increase. The German Federal Government will play a decisive role in this as it will hold the EU Council Presidency in the second half of 2020. Agora Energiewende Anna-Louisa-Karsch-Str.2 10178 Berlin, Germany T +49 (0)30 700 1435 - 000 F +49 (0)30 700 1435 - 129 https://www.agora-energiewende.de/en/ Subscribe to our newsletter at https://www.agora-energiewende.de/en/ www.twitter.com/AgoraEW Thank you for your attention. Do you have questions or comments? Please contact me: fabian.hein@agora-energiewende.de Agora Energiewende is a joint initiative of Stiftung Mercator and the European Climate Foundation.

Agora Energiewende Anna-Louisa-Karsch-Straße 2 | 10178 Berlin P +49. (0) 30. 7001435-000 F +49. (0) 30. 7001435-129 www.agora-energiewende.de info@agora-energiewende.de Agora Energiewende ist eine gemeinsame Initiative der Stiftung Mercator und der European Climate Foundation.

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