European Institute facilitates trip to Brussels for ISR colleagues

The project looks into the future of the UK-EU energy trade, with particular focus on the electricity sector. It considers investment, inefficiencies and the strategic implications of lesser integration of the UK-EU electricity trade. A forward-looking analysis, it investigates the potential for the deployment of offshore hybrid assets, that is, offshore wind multipurpose interconnectors, so as to meet the UK’s target of 50 GW in the North Sea by 2030. It further analyses the impact of EU CBAM on electricity trade, and related issues of guarantees of origin for electricity (i.e. REGOs). It also considers ways forward to couple electricity markets and emission trading systems and review the guarantees of origin for clean energy, therefore, to reduce electricity prices, relative costs of decarbonisation and, ultimately, carbon emissions in both markets. Finally, it explores the consistencies of gas demand in the EU with its decarbonisation and net zero targets, and potential carbon lock-ins related to the expansion of gas infrastructure since the start of the global energy crisis.