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 […]
President Ursula von der Leyen's European Commission released the communication on the ‘European Green Deal’ on December 11th 2020. It is presented as an outline of the new Commission's commitment to tackling climate and environmental-related challenges. It is presented as a new growth strategy aimed at transforming the EU’s economy and lists a measures and […]
The EU ETS Directive in its Article 10(5) refers to the fact that the European Commission has to submit each year a report on the functioning of the EU ETS. Taking stock of the success, or lack thereof, of such an important instrument must be seen as an essential ingredient in ensuring it can deliver, and […]
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 […]
The project video call was an opportunity for ERCST to share its draft feedback on the European Commission's inception impact assessment for the proposed carbon border adjustment mechanism, and gather perspectives and notes from the project funders as well as other experts active in this topic. In addition, ERCST continued the discussion from the March 5th meeting regarding the […]
The European Green Deal Package was presented on December 11, 2019. It contains a large number of components, some of which are already being discussed, such as the Just Transition Mechanism or the Sustainable Europe Investment Plan, as well as a commitment to introducing a border carbon adjustment mechanism (BCAM) in the EU. As the […]
This was a discussion via videoconference on the startup for Article 6.4, including what is needed and how it can be accomplished. During the webinar, the discussion focused mainly on two topics: 1. How to set up an efficient Art 6.4 mechanism, including considerations on how to register first and subsequent activities, what standards to […]
This meeting was an opportunity for stakeholders to discuss the review of the Energy Taxation Directive, of which the process was recently started by the European Commission. ERCST shared its draft feedback on the European Commission's inception impact assessment, which was used as a basis for the discussions. Please find ERCST's feedback submission in the workshop materials […]
To put the EU firmly on a path towards climate neutrality by 2050, the Commission will propose an increased greenhouse gas emission reduction target for 2030 from at least 40% to at least 50% to 55% (compared to 1990), including through an amendment to the recently proposed Climate Law. The Communication will set out potential […]
As part of the European Green Deal, implementation of a BCA is once again being considered as a measure to address competitiveness concerns within the EU. According to the roadmap for the European Green Deal, a proposal for a BCA for “selected sectors” will be released in 2021. So far, we can only speculate what such […]
The European Climate law was one of the flagship measures proposed by the new Commission, to be adopted within the first 100 days of its mandate. It claims to “set the direction of travel for EU climate action, give predictability for investors, and anchor the irreversibility of the transformation”. A stakeholder’ consultation meeting took place […]
This webinar will launch the 2020 State of the EU ETS Report, this year together with the Wegener Center on on climate and global change, Bloomberg New Energy Finance and EcoAct. During the meeting, the authors will present the Report and their findings through a presentation, after which the Report will be commented on by some invited speakers […]
The Use of CBAM Revenues
