By invitation only This meeting is part of the “Implementation of market and non-market provisions in the Paris Agreement” project, which aims to create an informal atmosphere, where the main objective is to explore, discover, explain and understand different points of view related to the issues in Article 6 of the Paris Agreement. That […]
The state aid guidelines for indirect costs compensation in the EU ETS 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 […]
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 […]
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 […]
The Use of CBAM Revenues
