Carbon Dioxide Removal Technologies (CDRTs) are expected to play an increasingly important role, but up to and after 2050. At the international level the IPCC highlights how they could be necessary: the IPCC notes that CDR deployment over the 21st century is substantial in most pathways considered 1,5°C-consistent. In order to move ahead with CDRTs, they […]
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 […]
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 […]
ERCST invites you to join our discussion on international climate change policy and ambition, focusing on the main takeaways from the SG Climate Summit, taking place on the 23 September 2019, and looking ahead to the upcoming COP 25 in Santiago, Chile. This meeting will consist of three parts: Reflections on the SG Summit: possible […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 Use of CBAM Revenues
