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On 26 May the European Commission published a communication on options to move beyond -20% GHG and on carbon leakage, which analyses costs, benefits and options for adopting an EU greenhouse gas reduction target for 2020 of 30% below 1990 levels. Commissioner Hedegaard was however cautious to underline that this is not a proposal for a unilateral EU move to -30% but merely an analysis. Such a move would be conditional to progress towards an international climate agreement, she clarified. France and Germany have publicly expressed their reluctance to a unilateral move by the EU to -30%. The Commission document will be discussed at the informal Environmental Council of 11 June, followed by a debate by heads of governments, scheduled for 17 June.
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Related link: European Commission
Developing countries may require some €100 billion a year by 2020 to finance measures to mitigate climate change and adapt to its effects and this should be provided by a combination of funds from governments, the private sector and international bodies, said the European Commission in a paper – Stepping up international climate finance: A European blueprint for the Copenhagen deal – published on 10 September. The paper is intended to make a decisive contribution in the run-up to the crucial talks under the United Nations Framework Convention on Climate Change (UNFCCC) in December.
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Related links: European Commission
On 8-10 July, leaders of the world’s eight leading industrialised nations meeting in Italy agreed on the goal of limiting the rise in global temperature to 2º Celsius. However, no agreement has yet been reached with the major developing countries on long-term global emission reductions.
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Related links: G8 Leaders Declaration, Declaration of the Leaders the Major Economies Forum on Energy and Climate
EURELECTRIC delegates joined representatives from industry, finance, government, EU bodies and academia at a conference – Climate Change: Implementing a Coordinated Response in Central Europe and around the Globe – hosted in Prague on 23-24 April by Czech power company Cez and the International Emission Trading Association. Speakers discussed implementation of the EU Emissions Trading Scheme (ETS) for the 2013-2020 period, and developments towards an international post-2012 climate regime.
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Seven developing countries with the largest CO2 emissions from power generation could cut emissions by up to 10% by 2020 through a system of “no-lose” sectoral targets, according to a report commissioned by the United Nations Environmental Programme (UNEP). This approach would overcome weaknesses in the current Clean Development Mechanism and encourage structural changes in developing countries, say the authors.
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Related link: UNEP report
