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Reducing emissions in the power sector

Reducing emissions in the power sector. Didier Sire Executive Vice President Strategy at GDF SUEZ Energy Europe April 25 th , 2013 . Current situation . GHG emissions are decreasing thanks to the crisis … not to a strong and effective climate policy

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Reducing emissions in the power sector

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  1. Reducing emissions in the power sector Didier Sire Executive Vice PresidentStrategyat GDF SUEZ Energy Europe April 25th, 2013

  2. Current situation GHG emissions are decreasing thanks to the crisis … not to a strong and effective climate policy • The current market conditions are very unfavorable for CO2 emission reduction • CO2 prices have collapsed • Existing low-carbon emitting CCGT not competitive with coal plants • No appropriate price signal for low carbon investments • Huge concerns on EU-ETS future since April 16th The situation of gas is very critical while it should play a key role for environmental policy and security of supply • Gas plants are pushed away of the merit order • Ongoing process of “Mothballing / Decommissioning” of non profitable gas plants As a result

  3. Challenge To reach the objective of decarbonisation in the power sector by giving a clear CO2 price signal leading to promote gas technologies investments • US situation illustrates how switching from coal to gas can rapidly and economically contribute to GHG emissions reduction. It means that: • Measures have to be taken in order to keep existing thermal assets with lower emissions in the merit order • Appropriate price and political signals must be sent to investors to allow them to invest in gas • In the long term, the energy mix must be balanced with: • RES supported by coordinated, coherent and fair support schemes aiming at a progressive integration into the market of mature technologies. • Gas developed in a well designed and coordinated CRM at European level in order to guarantee the security of the European power system

  4. What Europe can bring An improved & coordinated European framework • Providing long term visibility for investors • Coordinating CRM systems • Avoiding “renationalisation” of energy policies A reshaped European climate policy • New proposal to enforce a stronger carbon price signal must be urgently studied by policy makers A new market design • The EOM is not sustainable for the system and investors are not confident enough to invest

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