In the run-up to the Paris climate conference, the EU tabled an emissions reduction target on behalf of all 28 EU member states, committing to a 40 percent emissions cut by 2030 relative to 1990 levels.
In July 2016, the European Commission made a proposal for translating the overall emissions target into country-specific targets. Known as the Effort Sharing Regulation, it is meant to help clarify the roles of individual EU members in helping to reach the bloc’s target in the sectors not included in the EU ETS, namely transport, buildings, agriculture, and waste. These sectors are responsible for about 55 percent of the EU’s emissions.
This meeting will host a discussion between stakeholders on the issues that are currently critical in the debate on the Effort Sharing Regulation. The meeting will take place at the European Parliament with the participation of Gerben-Jan Gerbrandy (MEP - ALDE), ENVI rapporteur on the Effort Sharing Regulation.
Please note that there is a very limited number of spaces available for this meeting.
This meeting is a briefing for the Brussels policy stakeholder community on developments on carbon markets in the UNFCCC negotiations.
Article 6 of the Paris Agreement addresses the issue of “cooperative approaches” under the new climate regime. A significant part of it creates the framework to ensure that international markets can be a tool to meet Nationally Determined Contributions (NDCs) under the Paris Agreement.
After COP 21 in Paris, negotiators have a mandate to create a rulebook to ensure that this, and other parts of the climate agreement, become operational. With the agreement entering into force sooner than many had anticipated, negotiators are aiming for completing this task in 2018 at COP 23, which will take place in Poland.
This meeting is an opportunity for stakeholders to be briefed by some of the most knowledge participants in these negotiations to understand the state of play, the main issues, and implications for the market and EU climate change policy. There will be a number of presentations, followed by a moderated roundtable discussion.
The world has come together in an unprecedented effort to tackle global warming.
Following the historic adoption of the Paris Climate Agreement in December 2015, governments embarked on a ratification race which lead to the deal’s entry into force in November 2016. The speed of this process shows the world’s commitment to tackle the tremendous environmental, economic and social risks climate change poses, including for sustainable growth and development.
Countries must now put their words into action by following up with ambitious climate measures and they must do so immediately. According to the Intergovernmental Panel on Climate Change, the window of opportunity to act is shrinking, with global emissions having to drop by 40 to 70 percent between 2010 and 2050 and falling to zero or below by 2100 to have a good chance of staying below 2°C.
Successfully responding to this challenge will require supportive policies across many areas. Trade frameworks and policies that help drive the transition to a low-carbon economy will be crucial in this regard. Measures to achieve this range from trade liberalisation for climate-friendly goods and services to phasing out inefficient fossil fuel subsidies or providing space for climate-friendly subsidies.
At the same time, it is important to address countries’ concerns about how climate measures, including those implemented by others, may impact their economies and the competitiveness of their industry. Such considerations are likely to intensify under the decentralised nature of the new climate regime where each country determines its own level and type of climate contributions, expressed through nationally determined contributions (NDCs). In this context, climate measures are also expected to increasingly probe the limits of trade rules. If such concerns are not adequately dealt with, they risk undermining climate goals.
In light of the new climate architecture and the need to significantly scale up action, it is important to take a fresh look at the climate-trade interface. The dialogue will therefore explore key interactions between trade and the implementation of the Paris Agreement to inform more coherent policy-making where the potential for trade to positively contribute to the climate action effort is realised, while ensuring that climate measures do not unnecessarily distort trade but rather promote an open economic system that contributes to sustainable, equitable and inclusive development.
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The Paris Agreement officially entered into force on 4 November 2016 and aims to pursue "efforts to limit the temperature increase to 1.5°C above pre-industrial levels."
The IPCC is responding to this temperature goal by starting work on a Special report on "Global warming of 1.5°C", to be finished by 2018.
But what policy implications does the 1.5°C target have globally and for the EU’s roadmap for moving to a low carbon economy in 2050? This roundtable will focus on two aspects of the IPCC Special report: mitigation pathways compatible with 1.5°C and the strengthening and implementation of the global response to climate change.