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ICTSD/ERCST and EUI would like to invite you to the launch of their policy paper 'The EU's NDC after the Talanoa Dialogue', held on November 26 at the Permanent Representation of France to the EU in Brussels. 

ICTSD/ERCST and EUI have jointly been working on a project which provides the opportunity for a public debate on the possibility of increasing the ambition of the EU climate policy in the 2030 perspective. As final element of this project, a policy paper is being written outlining the various options to enhance the EU NDC which were assessed using a set of criteria developed by the project team and tested through surveys with key experts and stakeholders.  

Six 'Open Fora' were organised in the EU Member States in the weeks leading up to COP24 are part of this project. Here, local stakeholders were given the opportunity to discuss the different options of increasing the EU NDC and the criteria to assess them. A background paper proviced input for debate, and the outputs of these Open Fora are captured in the Policy Paper. 

During this event, the policy paper will be presented by the authors and commented on by key stakeholders, which will be followed by a panel discussion and Q&A. 

 

This project has been made possible by the support from the governments of the Czech Republic, Denmark, Germany and France. 

 

Please register for this meeting using this link

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Permanent Representation of France to the EU
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Monday, 26 November 2018 - 2:00pm to 4:30pm

IETA and ICTSD held a joint workshop on Article 6 of the Paris Agreement in Glion, back-to-back with the Informal Dialogue on Article 6, organised by ICTSD. The workshop brought together IETA members and key UNFCCC market negotiators, presenting an unique opportunity to discuss Article 6 priorities and share private sector experiences with international carbon markets.

Participants had the opportunity to participate in a discussion on whay they view as the main issues related to Article 6.2 and 6.4. Business participants provided their views on what should be addressed at COP 24 in order for them to start exploring business opportunities related to the new emerging global carbon market under the Paris Agreement. 

This meeting also provided the opportunity to share experiences from a number of 'on-the-ground' experiences which are closely related to how Article 6 may function in the future, including the Japanese Joint Crediting Mechanism and the World Bank's Mitigation Action Assessment Protocol. 

 

 

 


 

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Glion, Switzerland
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Tuesday, 16 October 2018 - 2:00pm to 8:00pm

This workshop, held in Glion, is part of the Informal Forum on Implementation of Article 6 of the Paris Agreement under the UNFCCC process. This workshop followed the resumed SBSTA 48 Session held in Bangkok. Article 6 negotiations are carried out under Agenda Item 11. A joint reflection note by the presiding officers of APA, SBSTA and SBI was produced after the resumed SBSTA 48 which outlines the progress made to date and identifies ways forward, inclduding textual proposals.

This workshop intersected SBSTA 48 and SBSTA 49 (COP24 in Katowice) and aims to create an informal atmosphere where the main objective is to explore, discover, explain and understand different points of view related to the issues in Article 6 of the Paris Agreement.

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Glion, Switzerland
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Date period: 
Wednesday, 17 October 2018 - 9:00am to Thursday, 18 October 2018 - 5:00pm

The Market Stability Reserve was put in place to address the current surplus of EUA’s in the market, as well as “normal” levels of surplus that may emerge in future years. The performance of the MSR is therefore critical to the well-functioning of the EU ETS. However, the parameters have not been tested in real life, and many were put in place a while ago, especially the thresholds. As the MSR starts to operate, monitoring its parameters and their fit with the current environment is important.

Policies that support the deployment of renewable energy sources (RES) and the improvement of energy efficiency (EE) will continue to drive emission reductions in the EU, effectively ‘overlapping’ with the EU ETS, and ultimately limiting its role as a driver for decarbonization. The recently agreed targets of the 2030 EU Energy package (32% for renewables and 32,5% for energy efficiency) will certainly lead to additional CO2 reductions in EU ETS sectors and will further impact the supply- demand balance in the market.

Therefore, in spite of the doubling of its withdrawal rate until 2023, the MSR may not, under certain conditions, be able to mitigate the impact of those policies on the EU ETS during Phase IV.

The MSR reviews scheduled in 2021 and 2026 will be key to assess the accuracy of its parameters to mitigate ex-post the effects of overlapping policies on the EU ETS which targets have been significantly reinforced last June.

Questions to be discussed during this meeting

  • The MSR parameters were adjusted a while ago but we are currently facing a new situation - whatare developments that need to be taken into account in light of the review cycle? (e.g. new targets for EE and RES; changes in economic growth and forecasts for the future; new provisions for the 4thPhase adopted this year, etc.)
  • How will this new context influence the behaviour of players on the ETS market and to what extent will the MSR, with its current parameters, be able to remove future unexpected unbalances (e.g. impact on the evolution of the carbon price, etc.)
  • What are possible changes in hedging behaviour? If significant changes occur, what impact will it have on the market?
  • How should proposals to modify the MSR design be analysed and judged? What should be changed to ensure the MSR is resilient?

 

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Place: 
Brussels, Belgium
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Europe
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Date period: 
Friday, 12 October 2018 - 9:30am to 12:45pm

This meeting is part of the “Informal dialogue on Response Measures" project, an independent initiative aimed at creating an informal atmosphere where the participants can explore, discover, explain and understand different points of view related to the issues in Article 4.15 of the Paris Agreement. The objective is to further understanding of the options available to define functions, modalities and work programme of the Forum under the Paris Agreement, as well as the consequences of adopting each option.

What is also very important is, to the extent that participants are willing to explain, to understand the different views, and more importantly, WHY these views are held. The discussions will be free and informal.

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Place: 
Bonn, Germany
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Date period: 
Saturday, 28 April 2018 - 1:00pm to 6:00pm

This meeting is part of the “Informal dialogue on Response Measures" project, an independent initiative aimed at creating an informal dialogue where the participants can explore, discover, explain and understand different points of view related to the issues in Article 4.15 of the Paris Agreement. The objective is to further understanding of the options available to define functions, modalities and work programme of the Forum under the Paris Agreement, as well as the consequences of adopting each option. The Informal Dialogue will also be a place where substantive issues that have not been included in the Agenda of the Informal Forum can be discussed.

What is also very important is, to the extent that participants are willing to explain, to understand the different views, and more importantly, WHY these views are held. The discussions will be free and informal.

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Place: 
Bangkok, Thailand
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Global
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Date period: 
Saturday, 1 September 2018 - 10:30am to 6:30pm