WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 322
European Commission (EC)
A governing body of the European Union that oversees the
organization’s treaties, recommends actions under the treaties,
and issues independent decisions on EU matters
European Council
A body formed when the heads of state or government of
European Union member states meet. Held at least twice a
year, these meetings determine the major guidelines for the
EU’s future development
European Parliament (EP)
The assembly of the representatives of the Union citizens
European Union (EU)
The European Union (EU) is a group of 28 countries that operates
as a cohesive economic and political block
EVs
Electric vehicles is an alternative fuel automobile that uses
electric motors and motor controllers for propulsion, in place
of more common propulsion methods such as the internal
combustion engine (ICE).
FERC
Stands for The Federal Energy Regulatory Commission, is the
United States federal agency that regulates the transmission
and wholesale sale of electricity and natural gas in interstate
commerce and regulates the transportation of oil by pipeline
in interstate commerce.
FID
Final Investment Decision
FLNG
Stands for Floating Liquefied Natural Gas, efers to waterbased
liquefied natural gas (LNG) operations employing technologies
designed to enable the development of offshore natural gas
resources
Forwards
A standard contract agreement for delivery of a given quantity
at a given price, for a given maturity (OTC markets)
Futures
A standard contract agreement for delivery of a given quantity
at a given price, for a given maturity (organized exchanges). The
maturities may differ across power exchanges (weekly, halfyearly, quarterly, monthly, annually). Maturity Y+1 corresponds
to the calendar year after the current year
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GCF
The Green Climate Fund is a global fund that was formed to
support climate change vulnerable nations, especially the “Least
Developed Countries” to fulfil their climate change goals and
lower their GHG emissions.
GDP
Stands for Gross Domestic Product, is a monetary measure of
the market value of all the final goods and services produced
in a country over a specific time period, often annually.
GECF
Gas Exporting Countries Forum. GECF is a gathering of the
world’s leading gas producers
GIE
Gas Infrastructure Europe. GIE is the association representing
gas transmission companies (GTE), storage system operators
(GSE) and LNG terminal operators (GLE) in Europe
Green Bond
A green bond is a bond specifically earmarked to be used for
climate and environmental projects. These bonds are typically
asset-linked and backed by the issuer’s balance sheet, and are
also referred to as climate bonds
Green Certificates
A Guarantee of Origin certificate associated with renewable
targets fixed by national governments. Green Certificates are
often tradable
WEMO 2024
Eurelectric
Professional association which represents the common interests
of the Electricity industry at pan-European level
EWEA
European Wind Energy Association
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EUA
European Union Allowances. Quotas allocated by the National
Allocation Plans in compliance with the European Trading
Scheme
