EU: The PRI has submitted a response to the European Commission’s public consultation to revise the Governance of the Energy Union and Climate Action.

The Climate Governance Regulation establishes mechanisms - ie National Energy and Climate Plans (NECPs) - to help the EU and member states meet their climate and energy objectives through strategic planning, reporting, and monitoring. The EC’s initiative to update this regulation aims to keep Europe on track to meet its climate goals, while mainstreaming, strengthening and modernising the existing rules. It also seeks to put forward an enabling framework for the decade ahead that reinforces Europe’s competitiveness and sustainability. 

PRI’s recommendations focus on making NECPs more investable by:

  • providing clear policy signals;
  • including sectoral roadmaps;
  • ensuring policy alignment;
  • making data investment-useful; and
  • strengthening stakeholder collaboration.

These are based on PRI’s policy brief on ‘Making the transition investable: Investor priorities for financing the Clean Industrial Deal’. 

Read the full response below. 

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