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

The recent revision for the fourth phase of the EU ETS extended the use of transitional free allocation for the period 2021 – 2030. Moreover, the revision introduced some new rules for free allocation and adjustments to free allocation due to production changes. While these new rules set out the main criteria, the European Commission has the mandate to adopt more detailed implementation rules and requirements.

According to the indicative planning of the European Commission, the current free allocation rules will be updated in a new delegated act, expected to be adopted in Q4 2018. Moreover, an implementing act is expected to be adopted in Q3 2019 which will set out the provisions for the adjustments of the levels of free allocation based on changes in production levels.

While some of the main rules for free allocation adjustments due to production changes are clearly included in the phase 4 revision (e.g. the 15% threshold calculated on a rolling average of two years), a number of issues for discussion and clarification remain. For example, the preambles of the phase 4 amendments include the vision for the Commission to ‘consider further measures to put in place, such as the use of absolute thresholds regarding the changes of allocations’.

This meeting gives the opportunity for stakeholders to discuss this important issue with each other and with policymakers. The objective is to take an open approach to the issue by looking at examples from other emission trading systems and discussing the (dis)advantages, for specific sectors and the EU as a whole, of different ways free allocation adjustments can be organised.

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Brussels, Belgium
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Friday, 12 October 2018 - 1:30pm to 4:30pm

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

This workshop held in Bangkok is part of the Informal Forum on Implementation of Article 6 of the Paris Agreement under the UNFCCC process. The aim of this workshop was 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.

This meeting included a recap of where we left off in Bonn as SBSTA 48 and what were the main accomplishments for that session. Additionally, it summarised where we are compared to the timetable that the co-chairs have set up and what is needed from Bangkok to stay on schedule. This was followed by reactions from the participants.

The second panel focused on double counting and corrsponding adjustments and covered issues such as what gets to be adjusted, timming and how to use the information, among others. The following panels identified the linkages between Art. 6 and other elements of the PAWP and what would the packages for Art. 6.2 & Art. 6.4 would look like, as this would also help determine how the different elements in each package will work together. 

The meeting concluded with the priorities for COP 24 in Katowice, Poland this December.

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Bangkok
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Sunday, 2 September 2018 - 9:00am to 4:30pm

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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Bangkok, Thailand
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Saturday, 1 September 2018 - 10:30am to 6:30pm

The meeting aims to discuss the results of the Bruegel and ICTSD project “Developing the EU long-term climate strategy” with business stakeholders and think tanks. The European Commission is expected to publish the new long-term climate strategy document in late November. Next to ensuring the decarbonisation of the European economy, it requires transparency and intellectual contribution from all sectors of society. Bruegel and ICTSD have prepared a policy and technical paper about the key choices to be made, and have engaged in the process of creating a debate before the Commission releases its paper before COP 24. This event is part of that engagement to provide a dialogue and generate input and ideas from a dialogue between think tanks and the business sector.
 
This meeting is by invitation only.

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Brussels, Belgium
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Tuesday, 18 September 2018 - 10:00am

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 UN’s Intergovernmental Panel on Climate Change (IPCC) agreed in early 2016 in Nairobi on a timeframe for its next major series of climate reports – including a special report in 2018 on the ramifications of a 1.5 degree Celsius increase in global temperatures above pre-industrial levels.

The IPCC has responded to this “temperature goal” by working on a special report on "Global warming of 1.5°C" that has been adopted by Governments less than 10 days ago in Incheon (Republic of Korea).

This report attempts to put in perspective, through the most recent scientific literature, the impacts of a 1.5°C world and related global greenhouse gas emission pathways to get us there.

But what policy implications does the 1.5°C target have, both globally and for the EU’s climate policy? How will it affect the new EU Long Term Climate Strategy, currently being developed by the European Commission, and how might it affect the potential enhancement of the EU’s NDC?

During this meeting, the IPCC 1.5°C report will be presented and the policy implications discussed in a roundtable setting with policymakers and stakeholders.

 

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Monday, 15 October 2018 - 2:30pm

During the 23rd Conference of the Parties (COP) of November 2017 in Bonn, Parties had the aim to make significant progress on the development of the “Paris rulebook”.

COP24, which will take place from 3-14 December 2018 in Katowice, seeks to continue to work out and ultimately adopt a package of decisions ensuring the full implementation of the Paris Agreement. It will additionally include the Facilitative Dialogue intended to support the implementation of National commitments.

Progress has been made during the last three years, with some issues being at a more mature stage in negotiations than others, but a lot of work remains to be done at COP 24 before a substantive rulebook can be agreed upon.

During this meeting, the discussion will focus on the EU’s position and ambition leading up to Katowice, with a special focus on Article 6 and carbon markets. But also on what the expected or possible outcomes are of COP 24 (the Paris Rulebook) and the political phase of the Talanoa Dialogue.

 

Please register by using this link

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Tuesday, 2 October 2018 - 3:00pm

The revision for the fourth phase of EU Emissions Trading System (2021-2030) introduced a number of important changes concerning funding mechanisms in the system. Existing mechanisms – solidarity provision and 10c derogation – were updated, and new instruments – the Modernisation Fund and the Innovation Fund – have been added. Adoption of the ETS Directive was merely a first step; important questions remain to be answered in the implementation phase.

 

ERCST, in cooperation with Central European Energy Partners (CEEP), is preparing a paper that is intended to guide stakeholders through the complex infrastructure of funding mechanisms in the revised EU ETS. This meeting aims to discuss the findings of the paper and to provide a platform for actors from the industry, governments and NGOs to engage in a constructive dialogue about challenges and expectations for the implementation of funding mechanisms.

 

Please register by using this link

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Wednesday, 12 September 2018 - 10:00am