The Secretariat published today the preliminary results of a study revealing that the Energy Community Contracting Parties support electricity generated from coal with some EUR 2.4 billion of direct and certain types of indirect subsidies annually. The study concludes that with the elimination of state aid via direct subsidies to coal and introduction of a carbon price, not a single coal power plant in the Energy Community would be able to operate without significant losses.
Yesterday’s third Energy and Climate Technical Working Group continued to focus on defining the methodology for calculating 2030 targets for the Energy Community. The interim report was presented by a team of researchers from Technische Universität Wien, which discussed the upgraded methodology reflecting an ambition level comparable to EU Member States. The Secretariat was invited to continue working on the study with TU Wien, Joanneum and REKK, in close coordination with the European Commission and technical experts from the Contracting Parties. Once refined, the study will propose a range of targets that may be expected under aligned framework conditions in the Contracting Parties, taking into account differences in economic developments.
Minister Gudlaugur Thor Thordarson and Climate Action and Energy European Commissioner Miguel ARIAS CAÑETE discussed on 20 March 2019 the EU Third Energy Package, taking into account the unique situation in Iceland as concerns renewable energy and energy markets.
In the past years the Berlin Energy Transition Dialogue (BETD) has become a leading international forum for key stakeholders of the energy sector. High-level policymakers, industry, science and civil society are given the opportunity to share their experiences and ideas on a safe, affordable and environmentally responsible global energy transition. In 2018, the conference was home to more than 2.000 participants from over 90 countries, including 40 ministers and state secretaries and more than 100 high-level speakers, exchanging on investment flows, system integration or long-time scenarios against the backdrop of dynamic innovation and the digital transformation.
EIT Climate-KIC is organising an intensive three-day online course targeted at educators who are interested in adopting an innovative approach to teach about climate change and the transition to a sustainable economy. On 8 April 2019, the Final Q&A webinar session will take place.
Topics discussed at the event include: What drives the take-up of ESG analytics, scoring and research? What type of approaches are being used by CRAs and SRPs across asset classes, corporates and investors? Is there a difference between active and passive asset management strategies? What actions should regulators and supervisors pursue in order to ensure the robustness of ESG assessments? Would a more prescriptive approach stifle innovation? How to enable the market research on SMEs, and avoid their under-representation in retail/institutional investment portfolios?
“Last Friday, more than 1.4 million young people in 120 countries around the world took part in a record-breaking event. It was the first ever global school strike for the climate, and it sent a powerful message: climate change is a global threat, and we urgently need to work together to stop it.”