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 […]
Below is the list of side events that ERCST organised, and participated in, during the COP28 that was held in Dubai from 30 November 2023 to 12 December 2023. Tackling the Climate Challenge through Carbon Management Technology in Europe November 30, 2023 – 15:30-16:30, Dubai time (GMT+4) | Benelux Pavilion ERCST participated in this […]
This was an online event. This meeting was intended as a stakeholder/expert workshop with a small group of invited stakeholders and policy makers, which will brainstorm on the outline and content of the 2024 State of the EU ETS Report. This will be the ninth annual report on the State of the EU ETS and […]
In the aftermath of COP28, and the conclusion of the first Global Stocktake – which enables countries to measure the progress in meeting the targets set out in the Nationally Determined Contributions (NDCs) – Our Executive Director, Andrei Marcu, was joined by Yvon Slingenberg, Deputy Director at DG CLIMA, to reflect on: (i) the current […]
This meeting was intended as a stakeholder/expert workshop with a small group of invited stakeholders who brainstormed on the outline and content of the 2024 State of the European Hydrogen Market Report. The State of the European Hydrogen Market Report is intended as a “snapshot” providing information on the development of the European hydrogen economy […]
The revised EU ETS Directive was adopted on May 10th, 2023, and should apply in 2024. It updated the rules and conditions for the operation of the IV Phase of the EU ETS (2021-2030). In the meantime, the European Commission launched a study on “Issues and options for EU emissions trading after 2030 ”. It […]
Venue: the event took place at the Mission of Norway to the EU, Rue Archimède 17, Brussels. In recent consultations conducted by the ERCST, stakeholders expressed concerns about the current structure of the Hydrogen Bank's auction and the scope of eligible offtakers. The discussions highlighted two primary issues: - Exclusion of CCS Retrofitting - Requirements […]
The Climate Law mandate the EU to set a 2040 climate target, within six months of the first Global Stocktake, as a crucial step toward achieving climate neutrality. The Commission is expected to release a communication about the 2040 target on February 6. Last year, during the Commission's public consultation on the subject, the European […]
