Events Search and Views Navigation
August 2019
Informal Forum on Article 6 of the Paris Agreement
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…
Find out more »September 2019
Brainstorm on ‘Beyond 40%’ project
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 »Discussion on the draft state aid guidelines for phase 4 of the EU ETS
The state aid guidelines 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 and potential windfall profits risk of internal market…
Find out more »Brainstorm on mechanisms for ‘Incentivising Carbon Dioxide Removal Technologies’
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…
Find out more »Brainstorm on ‘Strategic challenges to the EU ETS in the long-term’
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…
Find out more »From New York to Santiago: Outcomes of the UN Climate Action summit and looking ahead to COP25
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…
Find out more »October 2019
Preparing the review of the 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. 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…
Find out more »Funding Mechanisms in Phase 4 of the EU ETS
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…
Find out more »November 2019
‘Beyond 40%’ – presentation of the draft Report
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 »Mechanisms for incentivising Carbon Dioxide Removal Technologies
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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