Download EU Climate Change Policy

Energy for a changing world
Limiting Global Climate Change to 2 °Celsius
The way ahead for 2020 and beyond
Jos Delbeke
DG ENV
Director
Climate Change & Air
Key Objectives Climate Change and
Energy Package
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Meeting the 2°C objective (Top down):
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EU: In the international negotiations set forward the GHG
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EU: A firm independent commitment to achieve at least
reduction target of 30 % by 2020 for developed countries
(compared to 1990 levels).
20% GHG emission reductions by 2020 (compared to
1990)
Tools (Bottom up):
“An Energy Policy for Europe”
 GHG policies including Emissions trading
 Global carbon market
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Key Objectives Climate Change and
Energy Package
An Energy Policy for Europe:
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New steps to reach internal market - options for
unbundling and regulatory powers:
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Renewable Energy 20% mandatory objective by 2020
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important for functioning EU ETS
decrease hurdles for renewables
differentiation of targets necessary between countries
flexibility in target setting within a country between sectors
Includes biofuels target of 10% by 2020
Nuclear: member states’ choice
Sustainable power generation from fossil fuels: aiming at
near-zero emissions by 2020
Towards a European strategic energy technology plan
Global Participation
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The 2C objective:
Global GHG emissions need
to peak around 2020
EU & Developed countries:
30% GHG emission reduction
target by 2020, compared to
1990 levels
Developing countries:
Reduced growth asap,
absolute reductions after
2020
Deforestation: halt within
two decades and then
reverse
Developed countries GHG emissions
140%
120%
100%
80%
60%
40%
20%
0%
1990
2005
2020
Baseline
2030
2040
2050
Reduction Scenario
Developing countries GHG emissions
320%
280%
240%
200%
160%
120%
80%
40%
0%
1990
2005
2020
Baseline
2030
2040
Reduction Scenario
2050
Global carbon market
• Firm independent target defines floor in EU ambition level
= long term signal for investors in the Emission Trading System
• Review EU ETS and link it to compatible systems
• Global emissions peak around 2020: global
carbon market decreases investment costs
with a factor 3.
• Proposals to increase market signals in
developing countries:
• Improved CDM & no-loose targets
• Sectoral approaches
• Improved access to financing
(e.g. Global Energy Efficiency and
Renewable Energy Fund)
INVESTMENT COST
GLOBAL GDP
Sound Economics
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“Winning the Battle” & Stern Review: benefits of limiting
Climate Change outweigh costs of action
Costs of inaction: 5-20% of global GDP (Stern Review)
Costs of action for the EU (2030):
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-30% target with global participation: -0,19% annualised GDP
-20% independent target: -0,02% to -0,09% annualised GDP
Does not include Co-benefits:
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Increased energy security
Improved competitiveness through innovation
Health benefits from reduced air pollution
Limits on climate change
More information on the package
Climate change
http://ec.europa.eu/environment/climat/fu
ture_action.htm
 Energy:
http://ec.europa.eu/energy/energy_policy/
index_en.htm
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