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 […]
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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 […]
Strategic challenges to the EU ETS in the long-term
With the Phase 4 review, concluded in early 2018, the European institutions attempted to make the EU ETS fit for life up till 2030. While the implementing process is still fully ongoing, the EU ETS has to continue to internalise new developments. These developments can be domestic, most notably the recent call by European Commission […]
EU ETS outlook in Phase 4: Assessment of policy options for EU climate policy & ‘Preparing for the MSR review’
This meeting is jointly organised by ERCST and Sitra (Finnish Innovation Fund) and aims at analysing the outlook for the EU ETS in Phase 4. The meeting is supported by IETA and Carbon Market Watch. The intention is to promote a discussion among stakeholders on the future of the European carbon market, trying to assess […]
‘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 […]
Informal Forum on Article 6 of the Paris Agreement
By invitation only | Madrid This meeting is part of the “Implementation of markets and non-markets provisions in the Paris Agreement” project. The meeting follows the informal forum also held in Santiago at the end of August. The aim is to create an informal atmosphere, to explore, discover, explain and understand the different points of […]
Informal Dialogue on Response Measures
By invitation only | Madrid This meeting is part of the “Response Measures of the Paris Agreement under the UNFCCC process” project, following the informal forum held in adjacent to SB 50 in Bonn. It aims to create an informal atmosphere, where the participants can explore, discover, explain and understand different points of view related […]
The European Green Deal – ERCST work and the role of the EU ETS
The incoming European Commission President Ursula von der Leyen announced her intention to present an ambitious ‘European Green Deal’, which is expected to be a comprehensive policy package aimed at steering the EU towards becoming the world’s first climate-neutral continent. While the exact content and impact of such a Green Deal remains unclear, it is […]
2020 kick-off meeting + reception “international and EU climate change policy in 2020”
ERCST, Carbon Market Watch and IETA have come together to organise a 2020 kick-off meeting and new year's reception. The event will be an opportunity to gather the Brussels-based carbon market community to discuss COP25 outcomes, the announced European Green Deal, celebrate the past year’s successes and reflect on the challenges ahead. During this meeting, […]
Indirect costs compensation in the EU ETS – revision of the State Aid Guidelines
The state aid guidelines are up for revision – not review – which means that they could change significantly. The current guidelines expire on 31 December 2020, and the new guidelines would ‘indicatively’ be ready by Q3 2020 – just a few months before the new ones actually enter into force. The new state aid […]
Beyond the EU NDC & Impact on the EU ETS – outreach meeting in Paris
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 […]
