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March 2020

Indirect costs compensation in the EU ETS – revision of the State Aid Guidelines (Public consultation discussion)

March 4 @ 1:30 pm - 4:00 pm
Fondation Universitaire, Rue d'Egmont 11
Brussels, 1000 Belgium
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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…

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Stakeholder meeting “Border Carbon Adjustments in the EU – issues and options”

March 5 @ 10:00 am - 5:00 pm
Fondation Universitaire, Rue d'Egmont 11
Brussels, 1000 Belgium
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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…

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Beyond the EU NDC & Impact on the EU ETS – outreach meeting in Warsaw

March 9 @ 1:00 pm - 4:00 pm
Centrum Konferencyjne Wilcza, Wilcza 9, 00-538
Warszawa, 00-538 Poland
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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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The European Green Deal: state of play

March 11 @ 10:00 am - 12:30 pm
ERCST office, 61 Rue Archimede
Brussels, Belgium
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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…

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Brainstorm on “2020 State of the EU ETS Report”

March 11 @ 1:30 pm - 4:00 pm
ERCST office, 61 Rue Archimede
Brussels, Belgium
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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…

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Beyond the EU NDC & Impact on the EU ETS – outreach meeting in Helsinki

March 13 @ 9:00 am - 11:30 am

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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Border Carbon Adjustments in the EU project call – feedback to the Commission’s roadmap

March 25 @ 2:00 pm - 3:00 pm
Virtual Meeting

The project video call was an opportunity for ERCST to share its draft feedback on the European Commission's inception impact assessment for the proposed carbon border adjustment mechanism, and gather perspectives and notes from the project funders as well as other experts active in this topic. In addition, ERCST continued the discussion from the March 5th meeting regarding the building blocks and criteria for a BCA, including the discussion of a number of scenarios that were assembled by the project team. Please find ERCST's…

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The Politics of Border Carbon Adjustments in the European Green Deal – Dream or Reality?

March 25 @ 3:30 pm - 5:30 pm

The European Green Deal Package was presented on December 11, 2019. It contains a large number of components, some of which are already being discussed, such as the Just Transition Mechanism or the Sustainable Europe Investment Plan, as well as a commitment to introducing a border carbon adjustment mechanism (BCAM) in the EU. As the EU considers its most ambitious decarbonisation targets yet under the European Green Deal, many consider a border carbon adjustment essential to sustain Europe’s continued leadership…

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Article 6 Informal Dialogue – Article 6.4 Transition discussion

March 26 @ 12:00 pm - 1:00 pm

This was a discussion via videoconference on the startup for Article 6.4, including what is needed and how it can be accomplished. During the webinar, the discussion focused mainly on two topics: 1. How to set up an efficient Art 6.4 mechanism, including considerations on how to register first and subsequent activities, what standards to put in place for validation and verification, and how to design an effective registry infrastructure. 2. CDM activity transition, including considerations on what methodology will…

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Energy Taxation Directive – feedback to the Commission’s roadmap

March 30 @ 4:00 pm - 5:00 pm
Virtual Meeting

This meeting was an opportunity for stakeholders to discuss the review of the Energy Taxation Directive, of which the process was recently started by the European Commission. ERCST shared its draft feedback on the European Commission's inception impact assessment, which was used as a basis for the discussions. Please find ERCST's feedback submission in the workshop materials below.   Workshop Material(s) Feedback on Energy Taxation Directive Inception Impact Assessment   Related Events

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