Energy Community Parliamentary Plenum addresses CBAM preparedness

Yesterday in Vienna, the Energy Community Parliamentary Plenum held its second and last meeting of the year, bringing together representatives from the national parliaments of Energy Community Contracting Parties. Delegates from Albania, Bosnia and Herzegovina, North Macedonia, Georgia, Moldova, Montenegro, Serbia, and Ukraine were in attendance.

The meeting focused on CBAM preparedness, its impact on electricity market integration and the future of carbon pricing in the Energy Community. Constructive discussions addressed the impact and the challenges posed by CBAM on governments and economic operators in Contracting Parties, the status and next steps in electricity market integration, and the ongoing discussions related to the design of a regional emissions trading system in the Energy Community.

The Energy Community Parliamentary Plenum remains committed to addressing shared energy challenges and fostering a functional energy market for the benefit of all citizens, while at the same time drawing attention to the potential social impacts of the upcoming reforms that must be considered when designing policy choices. As discussions continue, the upcoming Ministerial Council will serve as a crucial indicator of the political will and commitment to coordinated action within the Energy Community, demonstrating a commitment to sustainable energy development and a shared vision for the region's future.