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August 2019

Informal Forum on Article 6 of the Paris Agreement

August 26 - August 27
CEPAL, Av. Dag Hammarskjöld 3477
Vitacura, Santiago, Región Metropolitana Chile
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By invitation only | Santiago This meeting is part of the “Implementation of markets and non-markets provisions in the Paris Agreement” project. The meeting follows the informal forum held in Bonn at the beginning of June, held in adjacent to SB 50. The aim is to create an informal atmosphere, to explore, discover, explain and understand the different points of view related to the issues surrounding Article 6 of the Paris Agreement. Discussions will focus on substantive issues surrounding Article 6. The session…

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September 2019

Brainstorm on ‘Beyond 40%’ project

September 19 @ 9:30 am - 12:30 pm
Fondation Universitaire, Rue d'Egmont 11
Brussels, 1000 Belgium
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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…

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Brainstorm on mechanisms for ‘Incentivising Carbon Dioxide Removal Technologies’

September 24 @ 9:30 am - 12:30 pm
ERCST office, 61 Rue Archimede
Brussels, Belgium
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Carbon Dioxide Removal Technologies (CDRTs) are expected to play an increasingly important role, but up to and after 2050. At the international level the IPCC highlights how they could be necessary: the IPCC notes that CDR deployment over the 21st century is substantial in most pathways considered 1,5°C-consistent. In order to move ahead with CDRTs, they need to be incentivized (not least financially) within an enabling framework. The focus of ERCST on this topic will therefore be on how to incentivise…

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Brainstorm on ‘Strategic challenges to the EU ETS in the long-term’

September 27 @ 9:00 pm
ERCST office, 61 Rue Archimede
Brussels, Belgium
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With the Phase 4 review, the European institutions attempted to make the EU ETS fit for life up till 2030. The work on implementing this review is coming to an end, with most of the secondary legislation being adopted in 2019; this work will likely be finalised in the first half of 2020. However, the EU ETS will continue to internalise new developments, including actions by other countries. It is never too early to think about what new developments can…

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From New York to Santiago: Outcomes of the UN Climate Action summit and looking ahead to COP25

September 30 @ 1:00 pm - 5:00 pm
Fondation Universitaire, Rue d'Egmont 11
Brussels, 1000 Belgium
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ERCST invites you to join our discussion on international climate change policy and ambition, focusing on the main takeaways from the SG Climate Summit, taking place on the 23 September 2019, and looking ahead to the upcoming COP 25 in Santiago, Chile. This meeting will consist of three parts: Reflections on the SG Summit: possible implications for EU climate change policy and COP 25 Looking ahead to COP 25: Priorities and work to be done Briefing on the status of…

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October 2019

Preparing the review of the Market Stability Reserve

October 8 @ 10:00 am - 12:30 pm
ERCST office, 61 Rue Archimede
Brussels, Belgium
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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. Building on earlier discussions with stakeholders held in February, March and July 2019, ERCST will present the main findings of its draft paper “Preparing the review of the Market Stability Reserve”. The aim of the paper is to identify the goals and functions of the MSR, and ways for the 2021 review to analyse…

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Funding Mechanisms in Phase 4 of the EU ETS

October 8 @ 1:00 pm - 4:30 pm

The revision for the fourth phase of EU Emissions Trading System (2021-2030) introduced a number of important changes concerning funding mechanisms in the system. Existing mechanisms – the Solidarity Provision and Article 10c Derogation – were updated, and new instruments – the Modernisation Fund and the Innovation Fund – have been introduced. The delegated regulation for the innovation fund was adopted in February and eligible member states communicated their decision to (not) use Article 10c derogation by June 30 by…

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November 2019

‘Beyond 40%’ – presentation of the draft Report

November 18 @ 1:30 pm - 4:30 pm

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…

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Mechanisms for incentivising Carbon Dioxide Removal Technologies

November 25 @ 9:30 am - 12:30 pm
Brussels, Belgium

Carbon Dioxide Removal Technologies (CDRTs) are expected to play an increasingly important role, but up to and after 2050. At the international level the IPCC highlights how they could be necessary: the IPCC notes that carbon dioxide removal (CDR) deployment over the 21stcentury is substantial in most pathways considered 1,5°C-consistent. In order to move ahead with CDRTs, they need to be incentivized (not least financially) within an enabling framework. The focus of ERCST on this topic will therefore be on…

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Preparing the review of the Market Stability Reserve – Paper Launch

November 25 @ 2:00 pm - 4:30 pm
Fondation Universitaire, Rue d'Egmont 11
Brussels, 1000 Belgium
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This meeting is the launch event of ERCST paper "Preparing the review of the Market Stability Reserve". During the meeting, the authors will present the paper and their findings through a presentation, after which the paper will be discussed in a roundtable setting. The ERCST paper on the MSR is the result of an ongoing effort by ERCST to promote a discussion on the review of the Market Stability Reserve (MSR), scheduled in 2021. The paper builds on earlier discussions…

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