EU negotiators yesterday agreed on a package of revised proposals for the Emissions Trading System phase four (2021-2030), including indirect carbon cost compensation. While governments will be allowed to compensate for such costs in a more transparent way, national compensation will ultimately depend on the upcoming revision of the state aid guidelines on CO2 indirect costs compensation.
Brussels, 10 November 2017 – EU institutions yesterday agreed on a reformed Emissions Trading System (ETS), which should result in a significantly higher carbon price during the post-2020 trading period. Now more than ever, robust carbon leakage measures for direct and indirect costs will be vital.
In that context, the European non-ferrous metals association (Eurometaux) regrets that EU institutions have not found an adequate solution for fully compensating industry’s indirect carbon costs– despite significant goodwill. Policymakers had shown a real willingness to find a way forwards.
We now call on them to carry their ambition into next year’s revision of the Indirects State Aid guidelines, which provides a second opportunity for progress.
A public hearing on the European Citizens’ Initiative “Ban glyphosate and Protect People and the Environment from Toxic Pesticides” will take place on 20th November. On 21st November, there will be a report back on the recent trilogue on revision of the EU ETS. The Committee will also vote on the adoption of draft opinions on the internal market for electricity, common rules for the internal market in electricity and the role of EU regions and cities in implementing the COP 21 Paris Agreement on climate change. In the afternoon there will be an exchange of views with the Commission on the state of play on 4th Real-Driving Emissions package (RDE4).
A summary of the debate is available.
By the European Steel Association.
Today (November 9 2017), the European Commission’s Expert Group on electricity interconnection targets presented its report to Commissioner Miguel Arias Cañete.
The European Commission has allocated the EU’s 2018 quotas for the import and production of hydrofluorocarbons (HFCs), limiting the sale of the powerful greenhouse gases in the EU next year.
The European Parliament and Council have today reached a provisional agreement to revise the EU Emissions Trading System (EU ETS) for the period after 2020. This revision will contribute to put the EU on track to achieving a significant part of its commitment under the Paris Agreement to reduce greenhouse gas emissions by at least 40% by 2030. Full article…
This international Summit, co-organized with the United Nations and the World Bank, and in cooperation with a range of other key stakeholders, fits in with the agenda and the logic of the implementation of the Paris Agreement. This Summit will chiefly focus on the issues of financing climate actions and aligning financial flows in order to reach the objectives of the Paris Agreement, both in terms of greenhouse gas emissions reduction and protection of populations against the consequences of climate change.
Limiting global warming below the critical 2C level set out in the Paris Agreement is both feasible and consistent with economic growth – and the knock-on improvements to air quality could already cover the costs of mitigation measures and save more than 300,000 lives annually by 2030. Full article…
The 2017 edition of the European Environment Agency (EEA) Trends and projections in Europe report confirms that the European Union (EU) is well on track to meet its climate and energy targets for 2020. Official data for 2015 show that greenhouse gas (GHG) emissions have already decreased beyond the 20 % reduction target. Policies are playing an important role in driving the overall EU trends observed since 2005, in particular through a sustained increase in renewable energy use. Full article…
This briefing presents early ‘approximated’ (proxy) estimates of greenhouse gas (GHG) emissions for 2016 in the European Union (EU), as reported by Member States in July 2017. Detailed results are available in the report, Approximated European Union greenhouse gas inventory: Proxy GHG emission estimates for 2016.
This 2017 report of the European Environment Agency (EEA) provides an analysis of past, present and future emissions trends under the European Union (EU) Emissions Trading System (ETS), based on the latest data and information available from the European Commission.
(required under Article 21 of Regulation (EU) No 525/2013 of the European Parliament and of the Council of 21 May 2013 on a mechanism for monitoring and reporting greenhouse gas emissions and for reporting other information at national and Union level relevant to climate change and repealing Decision No 280/2004/EC) (required under Article 21 of Regulation (EU) No 525/2013 of the European Parliament and of the Council of 21 May 2013 on a mechanism for monitoring and reporting greenhouse gas emissions and for reporting other information at national and Union level relevant to climate change and repealing Decision No 280/2004/EC)
The agenda includes items on energy & climate and environment, digital and transport policy.
A high-level conference on how to finance clean energy as well as create jobs and boost economic growth takes place at the Parliament in Brussels on 7 November.
The EU expects this year’s UN climate conference (COP23) to reaffirm once again the international community’s commitment to stepping up the global response to climate change and achieving the goals of the Paris Agreement. Following the entry into force of the historic agreement last year, elaborating its implementing guidelines is now a key focus. Full article…