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September 2019

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

September 27 @ 9:00 am - 12:30 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
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 @ 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 @ 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 @ 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 @ 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 @ 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 @ 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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