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DTSTART;TZID=Europe/Paris:20231002T130000
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DTSTAMP:20260528T094907
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LAST-MODIFIED:20240404T155310Z
UID:15461-1696251600-1696257000@ercst.org
SUMMARY:Expert Stakeholder Consultation: European Carbon Bank
DESCRIPTION:This was an online event. \nThe European Climate Law mandates a minimum 55% reduction in GHGs by 2030 from 1990 levels and targets Net Zero by 2050\, prompting the European Commission to set a 2040 climate goal. An upcoming 2024 communication will assess the impact and address carbon removals essential for the “fit for 55” and 2050 Net Zero goals. \nUnder the current framework\, the EU ETS plans to issue its final emissions permits by 2039\, with future residual emissions offset by carbon removals. Yet\, the current EU policy lacks a specific framework for this. There’s advocacy for establishing a European Carbon Bank\, an Innovation Authority\, and a Carbon Removal Certification Authority to enhance the EU’s carbon market structure. \nA European Carbon Bank could optimize carbon market operations\, support emission reductions\, and aid the global shift to a low-carbon economy\, ensuring market liquidity and addressing ETS 1 supply constraints by the 2030s. \nThis meeting was intended as a roundtable with a small group of invited stakeholders and policy makers to brainstorm on the potential aim and governance of a Carbon Bank in the EU\, as well as its practical shape and implications on the current EU Climate architecture. \nAgenda     Slides    Recording \n 
URL:https://ercst.org/event/expert-stakeholder-consultation-european-carbon-bank/
LOCATION:online
CATEGORIES:EU ETS
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DTSTART;TZID=Europe/Paris:20231004T103000
DTEND;TZID=Europe/Paris:20231004T123000
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UID:15482-1696415400-1696422600@ercst.org
SUMMARY:Expert Stakeholder Consultation: Free Allocation Regulation (FAR) EU ETS Public Consultation
DESCRIPTION:This was an in-person event. \nThe revised EU ETS Directive (EU) 2023/959 was adopted on 10 May 2023 and published in the EU Official Journal six days after. The European Commission now needs to update several regulatory acts for the revised EU ETS to be implemented in 2024. One important update concerns the Free Allocation Regulation (FAR)\, that sets the rules for the allocation of allowances to those sectors under the risk of carbon leakage. \nIn the EU ETS\, products under the carbon leakage list receive free allocation – at the benchmark level – for free. Following the adoption of the EU Carbon Border Adjustment (CBAM)\, the free allocation provided to energy intensive selected goods will be gradually phased out and replaced by the CBAM “protection”. The revised FAR is expected to be adopted by the end of 2023. \nThis meeting was intended as a brainstorming roundtable with a small group of invited stakeholders and policy makers to brainstorm on the upcoming revision of the FAR\, in response to the ETS revision/Fit For 55. \nAgenda     ERCST Slides    Euroalliages Slides
URL:https://ercst.org/event/expert-stakeholder-consultation-free-allocation-regulation-far-eu-ets-public-consultation/
LOCATION:ERCST Rue Archimède 61\, Bruxelles\, Rue Archimède 61\, Bruxelles\, 1000\, Belgium
CATEGORIES:EU ETS
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