On Wednesday 6 May, the European Commission launched a public consultation on its draft implementing act for a ‘Renewable Energy Financing Mechanism’.
This initiative is part of the European Regulation on the Governance of the Energy Union (2018/1999) adopted in December 2018 (see EUROPE B12151A14), which, under Article 33, provides that the Commission shall set up a financing mechanism for renewable energy by 1 January 2021 at the latest.
According to the related draft of the...