* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
Download EU Climate Change Policy
Economics of global warming wikipedia , lookup
Climate change and poverty wikipedia , lookup
Citizens' Climate Lobby wikipedia , lookup
Climate change mitigation wikipedia , lookup
Climate governance wikipedia , lookup
Emissions trading wikipedia , lookup
New Zealand Emissions Trading Scheme wikipedia , lookup
2009 United Nations Climate Change Conference wikipedia , lookup
Decarbonisation measures in proposed UK electricity market reform wikipedia , lookup
Low-carbon economy wikipedia , lookup
IPCC Fourth Assessment Report wikipedia , lookup
Politics of global warming wikipedia , lookup
Kyoto Protocol and government action wikipedia , lookup
United Nations Climate Change conference wikipedia , lookup
Kyoto Protocol wikipedia , lookup
Economics of climate change mitigation wikipedia , lookup
Climate change in New Zealand wikipedia , lookup
Mitigation of global warming in Australia wikipedia , lookup
Carbon governance in England wikipedia , lookup
German Climate Action Plan 2050 wikipedia , lookup
Carbon emission trading wikipedia , lookup
Carbon Pollution Reduction Scheme wikipedia , lookup
The European Climate Change Programme Seminar of Governmental Experts, 16-17 May 2005, Bonn A presentation on behalf of the EU Artur Runge-Metzger European Commission European Commission: DG Environment The EU’s Challenge: EU-15 projected progress towards Kyoto Commitments 1990 GHG Emissions = 100 Figure 1: EU-15 greenhouse gas emissions until 2002 and projections until 2010 108 106 104 102 100 98 96 94 92 90 1990 Business as usual with existing policies 2002 with additional policies Kyoto target path Kyoto mechanisms 1995 2000 Year 2005 2010 European Commission: DG Environment The EU’s Response: European Climate Change Programme (ECCP) Objective Major Milestones Identify and develop cost effective elements of EC strategy to meet the EU’s Kyoto target in cooperation with stakeholders Launch March 2000; October 2001: EC commitment on concrete Action Plan supplementary to Member States’ efforts 2004: new legislation largely put in place, wide policy mix New phase in 2005 (e.g. review, energy efficiency, aviation, CCS, adaptation) Major Achievements EU Measures currently “in implementation”: potential of 350-430 Mt CO2eq./year (equals Kyoto target for EU-15) European Commission: DG Environment EU Emissions Trading: operational since 1st January 2005 a new, market based instrument, covering close to 50% of EU-25 CO2 emissions – the largest ever implemented taps on the market dynamics and innovation capacity of the industrial sectors, reduces Kyoto compliance cost covers major energy intensive industries, in total 12000 installations approximately 2 billion allowances per year (2005-2007) total value of allowances: 32 billion € at current prices linking with JI/CDM: direct access of credits to EU ETS linking with other domestic schemes enabled through current regulatory framework European Commission: DG Environment EU Emissions Trading: Price & Traded Volumes in the EU ETS Source: Point Carbon's Carbon Market Daily European Commission: DG Environment More information on EU climate change policy http://europa.eu.int/co mm/environment/climat /home_en.htm European Commission: DG Environment