The study will consist of various task regarding energy costs, system costs and externalities in the energy sector, taxes related to energy consumption, government interventions and subsidies in selected economic sectors on the top of energy and investments in climate friendly energy technologies.
— Literature review on the main methods for calculating the aforementioned indicators, including methods on data collection, validation, and modelling in case of need,
— Consulting EU Member States and identifying best practices in harmonised reporting of energy subsidies, specifically focusing on fossil fuel and environmentally harmful subsidies,
— After setting up harmonised methods and requirements for the countries of the EU and proposing the same for G20 countries, the implementation of data collection,
— After validating the collected data, database should be created for all indicators, allowing cross-country, cross-sector, cross-technology and timely comparisons,
— In the case of investments, a sound methodology should be developed to analyse the impact of fossil fuel subsidies on the energy transitions (decarbonisation) and on investments in climate friendly energy technologies.