On May 20th the European Commission published two delegated acts which are essential to complete the definition of RFNBOs (Renewable Fuels of Non-Biological Origin) and hence to determine the role renewable hydrogen will play in EU decarbonization. In concrete: Delegated act on the methodology setting out the rules for the production of RFNBOs. Delegated act […]
Since 2019, ERCST has built up solid experience on BCAs and carbon leakage issues in the EU context. The ERCST Team has accompanied the CBAM file from its earliest stages in the legislative process, providing analytical input to the discussion on BCAs and fostering an informed debate with domestic and international stakeholders. One of the […]
The ETS has emerged as the backbone of the EU Climate Action and, especially in the last two years, as a crucial driver of decarbonisation. The Commission proposal to review the EU ETS Directive aims at aligning the emissions pathway of the ETS sectors with the new EU climate targets. Throughout the next decade, the […]
On the global stage, countries have been reacting to the developments surrounding the EU CBAM, and we can expect to see some follow suit. Ideally, there would be international coordination of these emerging policies; they have high-stakes implications for international trade, international equity, and climate diplomacy. Some have suggested that BCAs could be an essential […]
This meeting is part of a series of events organized by ERCST on the European Green Deal. This workstream aims to bring together policymakers and stakeholders on a regular basis to take stock of current developments in the EGD framework. Since the the publication of the Fit for 55 proposals in July 2021, the legislative […]
This meeting intends to focus on key pieces of legislation (i.e. revision of the RED and the recently proposed RED Delegated Acts, the hydrogen and decarbonized gas market package, the EU ETS and CBAM). This meeting will start with a presentation by ERCST, outlining some of the key developments in the hydrogen regulatory framework in […]
This event offered an opportunity to discuss and debate how to address two critical issues for future European prosperity: the transition to a clean energy matrix and energy security. With the European Green Deal and the RePower EU packages providing the vision of a green EU economy, and the Fit for 55 package entering the […]
One of the crunch issues in the debate on the EU CBAM is the question of international cooperation on and around the CBAM. A prominent feature here are proposals of forming a carbon club or carbon alliance of countries implementing carbon pricing. In this scenario, a BCA could act as an incentive to other countries […]
The Green Bond Standard is the flagship financial instrument incorporating the EU Taxonomy. After the Council and the European Parliament adopted their positions, its status is entering a new phase, the inter-institutional negotiations. It is a good moment to take stock of the different policy aspects related to green bonds: relation with the Taxonomy, the […]
Our Executive Director Andrei Marcu spoke on Panel 2 of the Annual IEA-IETA-EPRI GHG Emissions Trading Workshop in Paris. The panel concerned International Competitiveness and Carbon Border Adjustment Mechanisms (CBAM). You can find more information about the event on the website of the IEA.
One of the most critically important issues concerning CBAM, yet to be resolved, is the question of how to compare the level of effort in third countries’ climate policies to that of the EU, in order to determine crediting against the CBAM. The US, for example, has embarked on a suite of transformational climate-related initiatives […]
Our Executive Director Andrei Marcu attended the Carbon Forward Conference as a speaker. The Carbon Forward Conference is a conference on environmental markets where policy makers, analysts, industrials and many […]
