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DTSTART;TZID=Europe/Paris:20241105T103000
DTEND;TZID=Europe/Paris:20241105T123000
DTSTAMP:20260416T160713
CREATED:20241010T151049Z
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UID:18440-1730802600-1730809800@ercst.org
SUMMARY:Stakeholder Roundtable: Future of Emission Trading in the EU – Role of Emissions Trading in EU climate policy
DESCRIPTION:This was an in person event.  “Important! Online participation is only allowed for attendees located outside Brussels” \nThis meeting was by invitation only.  \nThe Future of the Emission Trading in the EU is a project that ERCST is putting into place as an independent review with the participation in this important debate of EU institutions and EU stakeholders. In the framework of this sub-workstream\, ERCST has been organising thematic events along the year focused on key issues for the Emission Trading in the EU. This is the second of seven reports ERCST will produce in the framework of the Future of the Emission Trading in the EU project. \nThis meeting is intended as a brainstorming meeting for a small group of invited stakeholders and policy makers\, in the framework of ERCST’s ‘the Emission Trading in the EU ’ project. The second theme to be addressed by the project concerns Role of Emissions Trading in EU climate policy\, with a homonymous Report to be released in December 2024. \nFinal Agenda
URL:https://ercst.org/event/stakeholder-roundtable-future-of-emission-trading-in-the-eu-role-of-emissions-trading-in-eu-climate-policy/
LOCATION:ERCST Rue Archimède 61\, Bruxelles\, Rue Archimède 61\, Bruxelles\, 1000\, Belgium
CATEGORIES:EU ETS
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DTSTART;TZID=Europe/Paris:20241105T153000
DTEND;TZID=Europe/Paris:20241105T173000
DTSTAMP:20260416T160713
CREATED:20240628T103101Z
LAST-MODIFIED:20241107T150033Z
UID:18057-1730820600-1730827800@ercst.org
SUMMARY:Stakeholders Consultation - 'Implementation of Transition Plans for climate change mitigation'
DESCRIPTION:This is an in person event.  “Important! Online participation is only allowed for attendees located outside Belgium”.  \nRegister in-person Register online \nThe Corporate Sustainability Reporting Directive (CSRD) and its delegated regulation – the European Sustainability Reporting Standards (ESRS) – require companies to disclose their transition plans for climate change mitigation\, if they have one\, and explain how these are aligned with the 1.5°C goal of the Paris Agreement. The Corporate Sustainability Due Diligence Directive (CS3D) mandates companies to adopt and implement a transition plan for climate change mitigation\, aiming to ensure\, through best efforts\, that the company’s business model and strategy are compatible with the transition to a sustainable economy and the goal of limiting global warming to 1.5°C. \nAccording to the application requirements (ESRS E1)\, current approaches suggest that companies should benchmark their efforts against the 1.5°C target. This benchmark should be based on a sectoral decarbonisation pathway\, if available for the company’s sector\, or on an economy-wide scenario\, acknowledging its limitations. However\, without clear methodologies or sector-specific pathways established by public policies\, companies\, especially those operating across multiple sectors\, face significant challenges. \nIn this context\, and among the numerous guidelines issued by private initiatives\, EFRAG is developing Implementation Guidance on Transition Plans under the CSRD\, which is expected to address some of these ambiguities. This guidance is scheduled for publication by Q2 2025. \nThis meeting is intended as a consultation with stakeholders and experts to further clarify the issues identified during the focus group discussion on the implementation of transition plans for climate change mitigation. \nFinal Agenda \nSlides
URL:https://ercst.org/event/stakeholders-consultation-transition-plans-for-climate-change-mitigation/
LOCATION:ERCST Rue Archimède 61\, 1000 Bruxelles
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DTSTART;TZID=Asia/Baku:20241111T100000
DTEND;TZID=Asia/Baku:20241122T160000
DTSTAMP:20260416T160713
CREATED:20241107T094839Z
LAST-MODIFIED:20241120T095728Z
UID:18576-1731319200-1732291200@ercst.org
SUMMARY:ERCST at COP29 – All Events
DESCRIPTION:Below is the list of side events that ERCST organised\, and participated in\, during the COP29 that was held in Baku from 11 November to 22 November 2024. \nDraft Agenda \n1. Carbon Removals in international Carbon Markets\nNovember 13\, 2024 – 18:00-19:00\, Baku time (15:00 Brussels time) | IETA Pavilion\, COP 29 venue\, Blue Zone \nJoin Online \nThis is joint side event between ERCST and KAPSARC\, with the participation of the Worlds Bank\, EBRD and the Government of Norway\, and will an opportunity to discuss the international carbon market dimensions of carbon removals. Some of the issues that will be covered:\n• Paris Agreement Mechanisms: Role of carbon removals within the Paris Agreement\, particularly under Article 6.2 and Article 6.4.\n• Integration into Emissions Trading Systems: Explore conditions for the integration of carbon removal form the international markets in ETS around the world.\n• Bilateral Agreements: Evaluation of bilateral agreements focusing on legal frameworks\, mutual recognition of credits\, storage agreements. \nSpeakers: \n\nAxel Pierru\, KAPSARC\nAndrei Marcu\, ERCST\nChandra Sinha\, World Bank\nJan-Willem van de Ven\, EBRD\nAne Gjengedal\, Norway Ministry of Petroleum and Energy\n\n  \n2. The Role of Climate Clubs in Addressing Trade Related Climate Measures\nNovember 14\, 2024 – 14:00-15:00\, Baku time (11:00 Brussels time) | Trade and Investment House\, Blue Zone \nJoin Online \nTrade-related climate measures play an increasing role in the climate policy field\, and will continue to do so as we move towards net-zero. In recent years there has been an increase in resort to unilateral measures\, such as the EU and UK’s Carbon Border Adjustment Mechanisms (CBAMs). However\, this approach threatens to become a jigsaw puzzle of complicated administrative systems that could greatly restrict international trade. This session will focus on how climate clubs\, coalitions of countries with aligned climate goals\, can provide a multilateral or international approach to coordinating trade-related climate measures and seeking inter-operability. Discussions will cover topics such as the potential benefits and challenges of climate clubs and how they could function in practice\, as well as a survey of existing efforts in this space. The expected outcomes include identifying new models for international cooperation on climate and trade and exploring climate clubs as an option for better coordinating national-level trade-related climate measures. \nSpeakers: \n\nAndrei Marcu\, ERCST (Moderator)\nMichael Mehling\, ERCST and Center for Energy and Environmental Policy Research (CEEPR)\, MIT\nLutz Morgenstern\, Federal Ministry for Economic Affairs and Climate Action (BMWK)\nAngelica Romero\, Government of Chile\nVitor Vaz\, Government of Brazil\n\n  \n3. Climate Actions and Impact Assessment: A Unified Approach to Sustainable Development Goals\nNovember 16\, 2024 – 17:00-18:30\, Baku time (14:00 Brussels time) | Room BUTA\, UNFCCC Pavilion\, COP 29 venue\, Blue Zone \nThis event would promote impact assessment as a means to\, not only achieve climate target\, but also achieve broader sustainable development goals\, and to inform participants of upcoming KCI case study with ERCST that might also be useful in the context of SDGs.\nThe issue of quantifying the impacts of the implementation of response measures has been well studied. But there has been relatively little analytical attention paid to dynamic analysis that takes into account the adaptive response of the impacted countries.\nERCST will present the methodology of a new study focused on quantifying the impacts of the implementation of response measures under different scenarios. The study focuses on the impacts and incentives for India when faced with destination-based carbon pricing.\nUsing Computable General Equilibrium (CGE) modelling\, the study will analyze the economic and social impacts for Indian and examine the potential benefits of timely decarbonization by looking at a number of different scenarios. Following the presentation of the study and the methodology\, a panel discussion will take place featuring representatives from the Indian government and Indian industry to discuss the study. \nSpeakers: \n\nAndrei Marcu\, ERCST\nDorothee Flaig\, University of Hohenheim\nAaron Cosbey\, ERCST and International Institute for Sustainable Development\n\n  \n4. The Declaration on the Use of CBAM Revenues\nNovember 20\, 2024 – 18:00-19:00\, Baku time (15:00 Brussels time) | Ukraine Pavilion\, COP 29 venue\, Blue Zone \nJoin Online \nOnce the CBAM progresses from the current transitional to the definitive period starting in 2026\, after which its implementation will incur a financial obligation on importers\, it will also begin yielding revenue that is proportional to the prevailing carbon price under the EU ETS as well as the carbon intensity and volume of imported goods covered by the CBAM. Not only will the revenue collected under the CBAM increase as the mechanism is gradually phased in over the course of nearly a decade\, but the simultaneous phasing out of free allocation will also increase the revenue generated from allowance auctioning under the EU ETS.\nThe goal of this side event is to elaborate on possible options for EU CBAM revenue use. The discussions will be based on The Declaration on the Use of CBAM Revenues. During this side event participants will be invited to discuss the following details of EU CBAM revenue use:\n• How the EU should use the revenues generated from the sale of CBAM certificates?\n• To whom the potential recycled revenues could be distributed and how the recycling should function? \nSpeakers: \n\nAndrei Marcu\, ERCST\nMichael Mehling\, ERCST/MIT\nAaron Cosbey\, ERCST/IISD (Virtual participation)\nKateryna Holzer\, UEF\nMahendra Shunmoogam\, South Africa\nSimone Borghesi\, European University Institute\nClara Brandi\, IDOS (Virtual participation)\nJohanna Lehne\, E3G (Virtual participation)
URL:https://ercst.org/event/ercst-at-cop29-all-events/
CATEGORIES:COP29
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