Crises, Houses and lending policy Herman Sips October 16th 2008

Courtroad See you in court

Crises, what crisis? The time is ticking It may effect billions of people It is a system crises The costs of non-action are higher then the costs of action We need a global respons

The time is ticking

It may effect billions of people

It is a system crises

The costs of non-action are higher then the costs of action

We need a global respons

Our capital

Crises

People: HJ Bodem Food, fibres Renewable Non renewables Abiotisch Sun, wind Fossils, minerals, metals Profit : products, services ,physical stocks Biotisch Biobased economy Flux-based economy Minerals-based economy t 4Footprint 5 Ecosystem services Space 1 2 3 E nergy Natural capitaal Design 6 Valuation planet

Opportunities Clean Clever Competitive Sustainable Industrial Policy/SCP Natural Resource Strategy Climate and Energy package

Clean Clever Competitive

Sustainable Industrial Policy/SCP

Natural Resource Strategy

Climate and Energy package

Toprunners

“ It’s the environment stupid” A new inconvenient truth? Decouple neg.impacts from resource use from GDP-growth Knowledge gathering, Pol.Assessment Prioritisation Targetsetting

A new inconvenient truth?

Decouple neg.impacts from resource use from GDP-growth

Knowledge gathering, Pol.Assessment

Prioritisation

Targetsetting

Proposal Commission, jan 2008 Review EU ETS Effort sharing non EU ETS Directive on promotion of renewable energy (targets and trade) Directive on carbon capture and storage (legislative framework, demonstration projects)

Review EU ETS

Effort sharing non EU ETS

Directive on promotion of renewable energy (targets and trade)

Directive on carbon capture and storage (legislative framework, demonstration projects)

Proposal Commission A EU wide cap (40% of all emissions, 28 billion Euro) CO2 allowances available in 2020: 1720 Mt - 21% compared to 2005 emissions Can be adjusted to stricter target Increase scope: aviation to be included Harmonised allocations rules

A EU wide cap (40% of all emissions, 28 billion Euro)

CO2 allowances available in 2020: 1720 Mt

- 21% compared to 2005 emissions

Can be adjusted to stricter target

Increase scope: aviation to be included

Harmonised allocations rules

Proposal: allocation Basic principle for allocation is auctioning Full auctioning power sector as of 2013 Partial free allocation to industry- in principle fased out by 2020 Report on carbon leakage by 2011 and make proposal if apprioate Auctioning rights distributed to Member States: more rights to MS with lower GDP/capita Earmarking of revenues??

Basic principle for allocation is auctioning

Full auctioning power sector as of 2013

Partial free allocation to industry- in principle fased out by 2020

Report on carbon leakage by 2011 and make proposal if apprioate

Auctioning rights distributed to Member States: more rights to MS with lower GDP/capita

Earmarking of revenues??