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October 2019

Funding Mechanisms in Phase 4 of the EU ETS

October 8, 2019 @ 1:00 pm - 4:30 pm
Polish Permanent Representation to the EU, Avenue de Cortenbergh 16
Brussels, 1040 Belgium
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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

Strategic challenges to the EU ETS in the long-term

November 18, 2019 @ 9:45 am - 12:00 pm
Fondation Universitaire, Rue d'Egmont 11
Brussels, 1000 Belgium
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With the Phase 4 review, concluded in early 2018, the European institutions attempted to make the EU ETS fit for life up till 2030. While the implementing process is still fully ongoing, the EU ETS has to continue to internalise new developments. These developments can be domestic, most notably the recent call by European Commission President-elect Von der Leyen to increase the EU’s 2030 climate target and to explore the inclusion of new sectors in the EU ETS, as well…

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EU ETS outlook in Phase 4: Assessment of policy options for EU climate policy & ‘Preparing for the MSR review’

November 18, 2019 @ 1:00 pm - 4:00 pm
Fondation Universitaire, Rue d'Egmont 11
Brussels, 1000 Belgium
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This meeting is jointly organised by ERCST and Sitra (Finnish Innovation Fund) and aims at analysing the outlook for the EU ETS in Phase 4. The meeting is supported by IETA and Carbon Market Watch. The intention is to promote a discussion among stakeholders on the future of the European carbon market, trying to assess what potential reforms might be needed to strengthen the EU ETS framework. The key questions we will try to answer are: is the EU ETS…

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‘Beyond 40%’ – presentation of the draft Report

November 21, 2019 @ 10:00 am - 12:00 pm
ERCST offices, Rue Archimède 61
Brussels, 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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Regulatory and Financial Gaps Hindering CO2 Removal Technologies

November 21, 2019 @ 1:30 pm - 4:30 pm
ERCST offices, Rue Archimède 61
Brussels, Brussels 1000 Belgium
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Following a short introduction by ERCST, this session will focus on the regulatory and financial gaps surrounding Carbon Dioxide Removal Technologies (CDRTs), and will be composed of two panels, the first focusing on these gaps at the EU level and the second focusing on the international level (Paris Agreement). This workstream will not promote specific CDRTs, but rather focus on the enabling framework that is necessary to deploy these technologies at scale, if they are proven to be sustainable. During…

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Informal Forum on Article 6 of the Paris Agreement

November 30, 2019 @ 9:30 am - 5:30 pm

By invitation only | Madrid This meeting is part of the “Implementation of markets and non-markets provisions in the Paris Agreement” project. The meeting follows the informal forum also held in Santiago at the end of August. 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 focused on substantive issues surrounding Article 6, reflecting the need to finalise…

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December 2019

Informal Dialogue on Response Measures

December 1, 2019 @ 9:30 am - 12:30 pm

By invitation only | Madrid This meeting is part of the “Response Measures of the Paris Agreement under the UNFCCC process” project, following the informal forum held in adjacent to SB 50 in Bonn. It aims to create an informal atmosphere, where the participants can explore, discover, explain and understand different points of view related to the issues in Article 4.15 of the Paris Agreement, looking at the impacts of implementation of response measures taken by Parties and how these…

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January 2020

The European Green Deal – ERCST work and the role of the EU ETS

January 8 @ 2:00 pm - 5:00 pm
Fondation Universitaire, Rue d'Egmont 11
Brussels, 1000 Belgium
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The incoming European Commission President Ursula von der Leyen announced her intention to present an ambitious ‘European Green Deal’, which is expected to be a comprehensive policy package aimed at steering the EU towards becoming the world’s first climate-neutral continent. While the exact content and impact of such a Green Deal remains unclear, it is certain to have strong implications for Europe’s economy and society. As the new European Commission is expected to communicate the ‘European Green Deal’ on December…

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2020 kick-off meeting + reception “international and EU climate change policy in 2020”

January 8 @ 5:30 pm - 8:00 pm
Fondation Universitaire, Rue d'Egmont 11
Brussels, 1000 Belgium
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  ERCST, Carbon Market Watch and IETA have come together to organise a 2020 kick-off meeting and new year's reception.   The event will be an opportunity to gather the Brussels-based carbon market community to discuss COP25 outcomes, the announced European Green Deal, celebrate the past year’s successes and reflect on the challenges ahead. During this meeting, high-level EU officials will share their views on the climate change policy agenda for 2020, after which you are all invited to share a glass with…

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Indirect costs compensation in the EU ETS – revision of the State Aid Guidelines

January 16 @ 10:00 am - 12:30 pm
ERCST office, 61 Rue Archimede
Brussels, Belgium
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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…

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