RENEWABLE ENERGY BURDEN SHARING REBUS Effects of burden sharing and certificate trade on the renewable electricity market in Europe

Creation of an internal market for renewable electricity will involve a political negotiation process, similar to previous EU greenhouse gas negotiations. The Energy Ministers in the EU have agreed on an overall target of 22% of electricity supply from Renewable Energy Sources (RESE) and a distribution of targets over the individual Member States. The REBUS project provides insights in the effects of implementing targets for renewable electricity generation at EU Member State level and the impact of introducing burden sharing systems within the EU, such as a Tradable Green Certificate (TGC) system. Member States can participate in such burden sharing systems to reduce the costs of achieving RES-E targets. The project concentrated on the development of the REBUS model, which quantifies the impact of trade (in green certificates, quotas or targets), the specification of cost potential curves for renewable electricity options in each of the 15 EU Member States and the implementation of different rules to setting targets at individual Member State level. In addition, utilities and consumer organisations were interviewed on their requirements and expectations for an international burden sharing scheme.