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March 2020
Indirect costs compensation in the EU ETS – revision of the State Aid Guidelines (Public consultation discussion)
The state aid guidelines for indirect costs compensation in the EU ETS are up for revision – not review – which means that they could change significantly. The current guidelines expire on 31 December 2020, and the new guidelines would ‘indicatively’ be ready by Q3 2020 – just a few months before the new ones actually enter into force. The new state aid guidelines will need to balance a number of issues, among which: carbon leakage risk risk of overcompensation…
Find out more »Stakeholder meeting “Border Carbon Adjustments in the EU – issues and options”
As part of the European Green Deal, implementation of a BCA is once again being considered as a measure to address competitiveness concerns within the EU. According to the roadmap for the European Green Deal, a proposal for a BCA for “selected sectors” will be released in 2021. So far, we can only speculate what such a BCA might look like, as few policy details have been released. Given the resurgence of discussions about BCAs on the EU political agenda, it…
Find out more »Beyond the EU NDC & Impact on the EU ETS – outreach meeting in Warsaw
In the context of the Paris Agreement, the European Union is increasing its efforts towards decarbonisation. Currently, the EU climate strategy is centred around three emissions reduction targets compared to 1990 levels: a cut of 20% of GHG emissions by 2020, at least 40% by 2030; and an implicit reduction of 80-95% by 2050. These targets have increasingly been put into question, as many stakeholders are pushing the EU to speed up its decarbonisation efforts and embrace the goal of…
Find out more »The European Green Deal: state of play
President Ursula von der Leyen's European Commission released the communication on the ‘European Green Deal’ on December 11th 2020. It is presented as an outline of the new Commission's commitment to tackling climate and environmental-related challenges. It is presented as a new growth strategy aimed at transforming the EU’s economy and lists a measures and legislative initiatives aimed at achieving net-zero emissions by 2050. Indeed, the European Green Deal can be seen as a collection of priorities, principles and areas…
Find out more »Brainstorm on “2020 State of the EU ETS Report”
The EU ETS Directive in its Article 10(5) refers to the fact that the European Commission has to submit each year a report on the functioning of the EU ETS. Taking stock of the success, or lack thereof, of such an important instrument must be seen as an essential ingredient in ensuring it can deliver, and that it keeps the EU on the path to decarbonisation, while not losing sight of other important considerations, in a world where there will continue…
Find out more »Beyond the EU NDC & Impact on the EU ETS – outreach meeting in Helsinki
In the context of the Paris Agreement, the European Union is increasing its efforts towards decarbonisation. Currently, the EU climate strategy is centred around three emissions reduction targets compared to 1990 levels: a cut of 20% of GHG emissions by 2020, at least 40% by 2030; and an implicit reduction of 80-95% by 2050. These targets have increasingly been put into question, as many stakeholders are pushing the EU to speed up its decarbonisation efforts and embrace the goal of…
Find out more »April 2020
Preparing the review of the EU ETS Market Stability Reserve
This meeting is part of an ongoing effort by ERCST to promote a discussion on the review of the Market Stability Reserve (MSR), scheduled in 2021. ERCST has organised several meetings on this topic throughout 2019, and launched its paper “Preparing the review of the Market Stability Reserve” last November 18th. The aim of the paper is to identify the goals and functions of the MSR, and ways for the 2021 review to analyse the performance of the MSR via relevant…
Find out more »Launch “2020 State of the EU ETS Report”
This meeting is the launch event of the 2020 State of the EU ETS Report, a joint initiative by ERCST, Eco-Act, BloombergNEF and the Wegener Center at the University of Graz. During the meeting, the authors will present the Report and their findings through a presentation, after which the Report will be discussed in a roundtable setting. This will be the fifth annual report on the State of the EU ETS. The annual “State of the EU ETS” Report aims…
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