This was an in-person event. The revised EU ETS Directive (EU) 2023/959 was adopted on 10 May 2023 and published in the EU Official Journal six days after. The European Commission now needs to update several regulatory acts for the revised EU ETS to be implemented in 2024. One important update concerns the Free Allocation […]
This was an in-person event. Scaling up CCUS and carbon removal technologies is essential for global climate neutrality by 2050, but their roles vary internationally. The EU’s ‘Net Zero Industry Act’ and related communications emphasize CCUS integration. Meanwhile, the U.S. has boosted the 45Q tax credit for CCUS and DACCS, and launched the 'COP28 Carbon […]
Following the CBAM regulation officially entering into force on the 17 May 2023, a number of delegated and implementing acts will determine some key details of the CBAM. One of these implementing acts will determine the detailed rules on the methods and process for crediting carbon prices paid in the country of origin. The ERCST […]
This was a public hybrid event under Chatham House rules. The ERCST's "EU Climate Policy and Electricity Market" workstream offers analytical insights into the interplay between EU climate policy and the electricity market, using a framework matrix for evaluating the EC's electricity market reform proposal from a climate perspective. In past discussions, ERCST examined how […]
This event was Hybrid. The ERCST project aims to analyse EU policy pathways for decarbonizing heavy-duty road transport, and propose, if necessary and appropriate, complementary and/or alternative policy pathways. They will be underpinned by the EU objective of climate neutrality stemming from the EU Climate Law. The project's first report established an analytical base, exploring […]
At the 28th meeting of the Conference of the Parties (COP28), discussions were set to build on topics from COP27 and the Bonn Conference, focusing on debates like reducing or phasing out fossil fuels, implementing the loss and damage fund, climate finance, and conducting the first Global Stocktake of the UNFCCC to review global progress […]
This was an in-person event. In 2023, CCUS and carbon removal technology are gaining considerable momentum in the European Union thanks to the new legislative proposals developed by the European Commission, such as the Net-Zero Industry Act and the upcoming Commission’s strategy. At the same time, in November 2022, the Commission also proposed a Regulation […]
Following the Carbon Border Adjustment Mechanism (CBAM) regulation entering its transitional phase on the 1 October 2023, this International Town Hall explored the challenges that the implementation of CBAM has faced so far and the upcoming challenges and opportunities for trade partner countries. The event included two sessions, one that focused on the implications and […]
On 23 February 2022, the European Commission proposed a Directive on Corporate Sustainability Due Diligence, mandating large EU companies to identify, prevent, and mitigate adverse human rights and environmental impacts within their operations, subsidiaries, and across their value chain. This Directive is notable for its extraterritorial reach, requiring companies to oversee not just their direct […]
This was an in-person event. The European Climate Law set the objective of cutting GHGs by at least 55% by 2030 compared to 1990 levels, and to become Net Zero by 2050. In June, the European Commission has been consulting on an EU climate target for 2040. A communication, accompanied by an impact assessment on […]
This was an online event. Following the CBAM regulation officially entering into force on the 17 May 2023 this event focuses on the international negotiations on an EU-US Global Arrangement on Sustainable Steel and Aluminum, exploring a viable path forward for that agreement and the role in that path of the CBAM. The ERCST launched […]
This was an in-person event. Since 2019, ERCST has gained expertise in BCAs and carbon leakage in the EU, guiding the CBAM legislation from its early stages and facilitating informed discussions with global stakeholders. Redshaw Advisors provides strategic insights into EU ETS legislation, including CBAM, cost forecasts, MRV requirements, and risk management for entities impacted […]
