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On 9 March, eight months after the stalemate in the Environment Council over the 2050 Low-Carbon Roadmap, EU governments are still unable to reach consensus on the milestones needed to get to the 2050 decarbonisation horizon. While the Danish Presidency managed to negotiate an agreement among 26 governments, this was not enough to win Poland’s vote. Nonetheless, the European Commission has announced new policy measures to implement the low-carbon agenda… (More on www.eurelectric.org in Daily News – Password needed)
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After more than 2,000 amendments tabled and months of (behind-the-scenes) negotiations, on 28 February the energy committee of the European Parliament adopted its final resolution amending the June 2011 Commission proposal for an Energy Efficiency Directive (EED). Seventeen out of eighteen compromise amendments, covering most of the articles in the directive, were supported by all political groups. The final vote on the totality of the amendments was also supported by a strong majority (51 out of 60). On this basis, the Parliament is now ready to start negotiations with the Council on the EED… (More on www.eurelectric.org in Daily News – Password needed)
Related link: European Parliament
On 31 January the European Parliament’s environment committee gave its backing to post-2020 carbon reduction targets as proposed by the European Commission in its low-carbon roadmap published last year. A majority of its members also support setting aside EU emissions trading scheme (ETS) allowances. However, further negotiations will be needed before the plenary vote… (More on www.eurelectric.org in Daily News – Password needed)
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On 30 January the European Commission published an analysis of options for moving beyond the EU 2020 greenhouse gas (GHG) reduction target, from 20% to 30% (equivalent to 25% domestic reductions). Options include setting aside allowances from the EU Emissions Trading Scheme (ETS) and/or reviewing the Effort Sharing Decision for sectors outside the EU ETS. The analysis is unclear on what role the proposed Energy Efficiency Directive would play… (More on www.eurelectric.org in Daily News – Password needed)
Related link: European Commission – DG Clima
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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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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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 6 December the European Commission launched a public consultation seeking to identify the appropriate volumes of allowances for the third trading period of the EU Emission Trading Scheme, to be auctioned before 2013. EURELECTRIC stated its preliminary views at a stakeholders’ meeting on 13 December.
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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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- 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)
On 12 November, at the conclusion of the comitology procedure, the European Commission adopted the Auctioning Regulation for the third trading period of the EU Emission Trading Scheme. The regulation will officially enter into force in the coming days, following translation into the EU official languages and publication in the Official Journal of the European Union. Nevertheless, some crucial elements still need to be determined, like the volume and timing for auctioning prior to 2013 and the number of platforms where allowances will be auctioned.
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Related link: European Commission
