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On 8 March the European Commission adopted the ‘Road map for building a competitive low‐carbon Europe by 2050′. The roadmap identifies the optimal way for the EU to domestically reduce greenhouse gas (GHG) emissions to 80% below 1990 levels by 2050. Though not legally binding, the roadmap sets interim targets for 2030 (‐40%) and 2040 (‐60%), while the 2020 target could be overshot by meeting the current 20% energy efficiency target.
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Related link: European Commission
On 8 March the European Commission is scheduled to publish a communication paving the way for a low‐carbon economy in 2050. A leaked draft indicates that, in order to be on track with the overall EU objective to reduce greenhouse gas (GHG) emissions by 2050 in the range of 80 to 95% compared to 1990 levels, a cost‐effective and gradual transition would require a 40% domestic reduction of GHG emissions compared to 1990 as a milestone for 2030, and 80% for 2050. Major reductions would come from the power sector, ranging between 54% to 68% by 2030 and a massive 93% to 99% by 2050 compared to 1990.
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Related link: European Commission
On 21 January the EU Climate Change Committee voted in favour of the European Commission’s proposal to ban from use in the EU Emissions Trading System (EU ETS) emission offset credits from certain projects which destroy industrial gases, namely trifluoromethane (HFC‐23) and nitrous oxide (N2O) from adipic acid production. The ban will apply as of 1 May 2013, contrary to the Commission proposal to introduce the ban on 1 January 2013. However, a Commission press release, issued on the same day before the vote had taken place and indicating the wrong date, created a 10% spike in the price of CERs for 2013 delivery. The Commission did not feel the need to apologise for the inconvenience.
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Related link: European Commission
On 25 November, just ahead of the COP16 UNFCCC negotiations, the European Commission presented a proposal to ban, as of 1 January 2013, the use of industrial gas project credits from Joint Implementation (JI) and Clean Development Mechanism (CDM) projects for compliance in the EU Emissions Trading System (EU ETS). The proposal will be discussed by member states right after the UNFCCC meeting, on 15 December.
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Related links:
- Commission draft regulation on certain restrictions applicable to the use of international credits from projects involving industrial gases [22 KB]
- Impact asssessment on certain restrictions applicable to the use of international credits from projects involving industrial gase [182 KB]
- MEMO/10/614: Statement by Connie Hedegaard on the Commission’s proposal for quality restrictions on the use of credits from industrial gas projects
- MEMO/10/615: Questions & Answers on Emissions Trading: Use restrictions for certain industrial gas credits as of 2013
- Information on linking the EU ETS to other Emissions Trading Systems and incentives for international credits
- MEMO/10/387: Statement by Commissioner Connie Hedegaard (25 August 2010)
- Public consultation (end date: 25 November 2010)
