Articles, Press Releases and other news

Article

Carbon Pulse, 29 June 2020

MARCU MY WORDS: The vision for the EU ETS in the 2030 framework - will it be up to the challenge?

This article is the third in the Marcu My Words series by Carbon Pulse, written or co-written by Andrei Marcu, Founder and Executive Director of Brussels-based think-tank European Roundtable on Climate Change and Sustainable Transition (ERCST).

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At a minimum, a vision to what the ETS role is beyond 2030 needs to be provided, as it moves into “mid-life”. It is not young anymore.

A second requirement is that a vision is needed on how it will help industry decarbonise, without deindustrialising Europe, as it did for the power sector. The roles of the different tools, including the ETS, CBAM, consumption charges, contracts-for-difference, standards, etc. needs to be articulated, as well as how these tools will function together.

What we do not need is a review that has vague and general objectives – which only keeps everyone from objecting. The 55-60% target is clear, hard and challenging. The same level of clarity is needed in setting objectives and in defining what is needed in terms of changes to existing tools, and new tools if necessary.

Announcement

European Roundtable on Climate Change and Sustainable Transition and the Institute for Natural Monopolies Research in Russia announce cooperation on Border Carbon Adjustments.

BRUSSELS, Moscow (August 7, 2020) – the European Roundtable on Climate Change and Sustainable Transition is pleased to announce its collaboration with the Institute for Natural Monopolies Research (IPEM) in Russia in examining the role that Border Carbon Adjustments (BCAs) may play in addressing asymmetry in climate ambition under the Paris Agreement, with special focus on the plans that the European Union has to examine this option.

In this context, with IPEM, we will hold a virtual Russia-EU “town hall meeting” on September, 8th 2020. This activity together with other similar planned “town hall” meetings will feed into a policy paper on the international views on BCA that ERCST will publish in collaboration with its partners.

Announcement

European Roundtable on Climate Change and Sustainable Transition and European Business Association in Ukraine announce cooperation on Border Carbon Adjustments.

BRUSSELS, KIEV (July 28, 2020) – the European Roundtable on Climate Change and Sustainable Transition is pleased to announce its collaboration with the European Business Association in Ukraine in examining the role that Border Carbon Adjustments (BCAs) may play in addressing asymmetry in climate ambition under the Paris Agreement, with special focus on the plans that the European Union has to examine this option.

In this context, with EBA we will hold a virtual Ukraine-EU “town hall meeting” on September, 17th 2020. This activity together with other similar planned “town hall” meetings will feed into a policy paper on the international views on BCA that ERCST will publish in collaboration with its partners.

Announcement

European Roundtable on Climate Change and Sustainable Transition and the Iniciativa Climática de Mexico announce cooperation on Border Carbon Adjustments.

BRUSSELS, MEXICO CITY (July 27, 2020) – the European Roundtable on Climate Change and Sustainable Transition (ERCST) and Iniciativa Climática de México (ICM) are pleased to announce their collaboration in examining the role that Border Carbon Adjustments (BCAs) may play in addressing asymmetry in climate ambition under the Paris Agreement, with special focus on the plans that the European Union has to examine this option.

In this context, ERCST & ICM will hold a virtual Mexico-EU “town hall meeting” on August 27th, 2020. This activity together with other similar planned “town hall” meetings will feed into a policy paper on the international views on BCA that ERCST will publish in collaboration with its partners.

Article

Carbon Pulse, 29 June 2020

MARCU MY WORDS: Carbon Leakage and Competitiveness - different objectives, different tools

This article is the second in the Marcu My Words series by Carbon Pulse, written or co-written by Andrei Marcu, Founder and Executive Director of Brussels-based think-tank European Roundtable on Climate Change and Sustainable Transition (ERCST).

In its feedback to the Inception Impact Assessment, ERCST, while not opposed to a BCA, has made clear its concerns about this approach: ERCST “would, in the course of the examination of how to address carbon leakage, urge a more open debate, with border carbon adjustments being one option. Other options, which may be complementary to BCA, should not be disregarded, including the creation of a framework that will lead to a market for low carbon products. Without such a market the tools available to the EU to implement the EU Green Deal will be incomplete”.

The recent report in Carbon Pulse of a statement signed by four countries, who, while also supportive of a BCA, question the total focus on BCA only, seems to vindicate this view. Germany, Belgium, Czechia and Hungary state in a recent letter that “an exchange of all possible mechanisms for protecting against carbon leakage among the member states is necessary in order to clarify the various open questions such as WTO compatibility or administrative feasibility”.

Announcement

ERCST & Duke University, 26 May 2020

European Roundtable on Climate Change and Sustainable Transition and Nicholas Institute for Environmental Policy Solutions announce cooperation on Border Carbon Adjustments.

European Roundtable on Climate Change and Sustainable Transition and the Nicholas Institute for Environmental Policy Solutions at Duke University are pleased to announce their collaboration in examining the role that Border Carbon Adjustments (BCAs) may play in addressing asymmetry in climate ambition under the Paris Agreement, with special focus on the plans that the European Union has to examine this option. In this context, ERCST & Nicholas Institute will hold a virtual USA-EU “town hall meeting” on June 17, 2020. This activity together with other similar planned “town hall” meetings will feed into a policy paper on the international views on BCA that ERCST will publish in collaboration with its partners.

Announcement

ERCST & Tokyo University, 26 May 2020

European Roundtable on Climate Change and Sustainable Transition and Graduate School for Public Policy announce cooperation on Border Carbon Adjustments.

European Roundtable on Climate Change and Sustainable Transition and the Graduate School for Public Policy at Tokyo University are pleased to announce their collaboration in examining the role that Border Carbon Adjustments (BCAs) may play in addressing asymmetry in climate ambition under the Paris Agreement, with special focus on the plans that the European Union has to examine this option. In this context, ERCST & GrasPP will hold a virtual Japan-EU “town hall meeting” on July 9, 2020. This activity together with other similar planned “town hall” meetings will feed into a policy paper on the international views on BCA that ERCST will publish in collaboration with its partners.

Article

Carbon Pulse, 4 May 2020

MARCU MY WORDS: Europe's Climate Law - Locking in the Future?

This article is the first in the Marcu My Words series by Carbon Pulse, written or co-written by Andrei Marcu, Founder and Executive Director of Brussels-based think-tank European Roundtable on Climate Change and Sustainable Transition (ERCST).

The proposed Climate Law must not become an irreversible fait accompli. It has to be reinvented, time and again, and find ongoing support through continuous societal debate. The lack of vigorous societal debate on a proposal that is intended to reshape how Europeans work and live raises important questions about the political process leading up to this historical outcome. (...) With its sweeping scope and ambitious objectives, the Climate Law will recalibrate the parameters of economic activity across the continent. In particular, it will dramatically narrow the options available to member states when they decide on how to meet their current and future energy demand.

The intergenerational lock-in effects demand that we include a process for the periodic evaluation and review not only of our progress towards the objectives of the Climate Law, but also for those objectives themselves and their underlying assumptions. Just as the societal consensus on the appropriate response to climate change has continuously evolved in the past, we should expect it to continue doing so in the future. (...) At the very least, therefore, the architects of the Climate Law would be well-advised to seek consensus in the Council and incorporate a tangible, transparent process of continuous engagement with European civil society.

Article

Carbon Pulse, 28 April 2020

ETS ‘fit for purpose’ for current EU targets, but may struggle long-term -report

The EU ETS is ‘fit for purpose’ to deliver the bloc’s current climate objectives, even despite the effects of the COVID-19 coronavirus pandemic,
but it will struggle to deliver the long-term ambitions under the European Green Deal in its current shape, according to a report released
Tuesday.

The 2020 State of the EU ETS Report, the fifth annual assessment by expert forum European Roundtable on Climate Change and Sustainable
Transition (ERCST), determined that the 8.9% decline in GHG emissions reduction from covered sectors in 2019 reassures that the carbon
market can achieve the 27-nation bloc’s current climate objectives.

Press Release

ERCST & CCC, 17 April 2020

European Roundtable on Climate Change and Sustainable Transition and Climate Change Center announce cooperation on Border Carbon Adjustments.

BRUSSELS, SEOUL (April, 17th 2020) – The European Roundtable on Climate Change and Sustainable Transition (ERCST) and the Climate Change Center (CCC) of Korea are pleased to announce their collaboration in examining the role that Border Carbon Adjustments (BCAs) may play in addressing asymmetry in climate ambition under the Paris Agreement, with special focus on the plans that the European Union has to examine this option. In this context, ERCST & CCC will hold a virtual Korea-EU “town hall meeting” on July 1, 2020. This activity together with other similar planned “town hall” meetings will feed into a policy paper on the international views on BCA that ERCST will publish in collaboration with its partners.

The Politics of Border Carbon Adjustments in the European Green Deal - Dream or Reality?

The Next Generation of Carbon Markets

Environmental Insights - Interview with Andrei Marcu