Informal Forum on Article 6 of the Paris Agreement

By invitation only | Santiago This meeting is part of the “Implementation of markets and non-markets provisions in the Paris Agreement” project. The meeting follows the informal forum held in Bonn at […]

Brainstorm on ‘Beyond 40%’ project

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 […]

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

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 […]

Preparing the review of the Market Stability Reserve

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 […]

Funding Mechanisms in Phase 4 of the EU ETS

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 […]

‘Beyond 40%’ – presentation of the draft Report

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 […]

Regulatory and Financial Gaps Hindering CO2 Removal Technologies

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 […]