Introduction to the EU Emission Trading SystemLeonardo ENERGY
The EU ETS Directive is the centrepiece of the European Union’s climate policy. It has created the European Union’s Emissions Trading Scheme (EU ETS), which is a unique and quite com-plex system.
The EU ETS establishes a scheme for greenhouse gas emissions allowances trading within 31 European countries. Its functioning is based on a “cap and trade” principle, which sets a cap on the total amount of greenhouse gases that can be emitted by all participating installations. Within the cap, companies receive or buy emission allowances which they can trade with one another as needed.
Today, the EU ETS covers almost half of EU’s emissions and is part of the daily life of a large number of companies.
The EU ETS Directive represents the backbone of EU’s action against climate change, but it also works in combination with several other pieces of legislation in a delicate balance.
Our European system has very much evolved during the last 15 years. The existing legislation operates until 2020. It has set a greenhouse gas emissions reduction target in line with EU’s 2050 low carbon economy roadmap. The time has also come to discuss the post-2020 period and the European Commission will soon put forward a new proposal with a 2030 emissions reduction target.
Being the first one to have been setup, the European scheme is analysed and taken as exam-ple in other regions of the world where emissions trading starts being implemented.
This course aims at giving a presentation of the EU ETS Directive, the main features of the sys-tem, the balance with other pieces of EU legislation and at offering perspectives for the on-coming review of the scheme.
Auctioning of emission allowances under the EU ETSLeonardo ENERGY
The European Union’s Emissions Trading Scheme (EU ETS) is designed to reduce greenhouse gas emissions in Europe in a cost-effective manner. It is based on the cap-and-trade approach where a carbon market is created on which emission allowances are auctioned. Although today auctioning does not cover the totality of the emission allowances in the EU, it represents the main allocation principle.
To create the carbon market and allow auctioning to happen, the European legislators have put in place a system classically involving an auction platform, a monitoring, reporting and verification system, as well as rules regarding transparency and market abuse.
This system results in a carbon price which is key to the current structure of the EU climate and energy policy and is a matter of interest for a series of stakeholders.
The course will look into the structure and functioning of auctioning under the EU ETS and bring some practical perspectives based on experience before reflecting on the expected evolution of the system.
More than 20 years ago, the EU vowed to fight the newly identified danger of climate change. Over time, it has developed a policy which is two-fold: on one hand, it looks at ways to reduce greenhouse gas emissions inside EU borders and now has 2050 as horizon; on the other hand, it tends to lead by example and to push other big emitters to gather around similar emission reduction objectives.
Pursuing the idea of giving a price to carbon, the EU has put in place an instrument that would lead it towards decarbonisation: the Emissions Trading Scheme (ETS). Launched in 2005, it has today become a complex system which is being reproduced in other parts of the world. The ultimate vision is one of a global carbon market leading to a significant reduction of greenhouse gas emissions and thus mitigating the impact of climate change.
Introduction to the EU Emission Trading SystemLeonardo ENERGY
The EU ETS Directive is the centrepiece of the European Union’s climate policy. It has created the European Union’s Emissions Trading Scheme (EU ETS), which is a unique and quite com-plex system.
The EU ETS establishes a scheme for greenhouse gas emissions allowances trading within 31 European countries. Its functioning is based on a “cap and trade” principle, which sets a cap on the total amount of greenhouse gases that can be emitted by all participating installations. Within the cap, companies receive or buy emission allowances which they can trade with one another as needed.
Today, the EU ETS covers almost half of EU’s emissions and is part of the daily life of a large number of companies.
The EU ETS Directive represents the backbone of EU’s action against climate change, but it also works in combination with several other pieces of legislation in a delicate balance.
Our European system has very much evolved during the last 15 years. The existing legislation operates until 2020. It has set a greenhouse gas emissions reduction target in line with EU’s 2050 low carbon economy roadmap. The time has also come to discuss the post-2020 period and the European Commission will soon put forward a new proposal with a 2030 emissions reduction target.
Being the first one to have been setup, the European scheme is analysed and taken as exam-ple in other regions of the world where emissions trading starts being implemented.
This course aims at giving a presentation of the EU ETS Directive, the main features of the sys-tem, the balance with other pieces of EU legislation and at offering perspectives for the on-coming review of the scheme.
Auctioning of emission allowances under the EU ETSLeonardo ENERGY
The European Union’s Emissions Trading Scheme (EU ETS) is designed to reduce greenhouse gas emissions in Europe in a cost-effective manner. It is based on the cap-and-trade approach where a carbon market is created on which emission allowances are auctioned. Although today auctioning does not cover the totality of the emission allowances in the EU, it represents the main allocation principle.
To create the carbon market and allow auctioning to happen, the European legislators have put in place a system classically involving an auction platform, a monitoring, reporting and verification system, as well as rules regarding transparency and market abuse.
This system results in a carbon price which is key to the current structure of the EU climate and energy policy and is a matter of interest for a series of stakeholders.
The course will look into the structure and functioning of auctioning under the EU ETS and bring some practical perspectives based on experience before reflecting on the expected evolution of the system.
More than 20 years ago, the EU vowed to fight the newly identified danger of climate change. Over time, it has developed a policy which is two-fold: on one hand, it looks at ways to reduce greenhouse gas emissions inside EU borders and now has 2050 as horizon; on the other hand, it tends to lead by example and to push other big emitters to gather around similar emission reduction objectives.
Pursuing the idea of giving a price to carbon, the EU has put in place an instrument that would lead it towards decarbonisation: the Emissions Trading Scheme (ETS). Launched in 2005, it has today become a complex system which is being reproduced in other parts of the world. The ultimate vision is one of a global carbon market leading to a significant reduction of greenhouse gas emissions and thus mitigating the impact of climate change.
The role of the public sector leadership in reducing emissions should be key. The presentation focuses on how the public sector, including government, must go further faster, to mobilise action across sectors by setting best practice examples.
Presented by Nicolai Zarganis, Head of Division, Danish Energy Authority, denmark, at the IEA DSM Programme workshop in Copenhagen, Denmark on 19 April 2006.
Geoffrey J. Blanford, Ph.D. Ifo Institute for Economic Research, Germany. Electric Power Research Institute, USA.
Autumn Seminar 2015. Climate change: Implications for technological developments and industrial competitiveness.
Jornada organizada por FUNSEAM y la Cátedra de Energía de Orkestra-Instituto Vasco de Competitividad con la colaboración de Fundación Repsol.
4 de Noviembre de 2015- CAMPUS REPSOL. Madrid, España
On 15 October 2019, Jonas Teusch (OECD Centre for Tax Policy and Administration) discussed the key findings from the OECD publication, Taxing Energy Use 2019, which presents new and original data on energy and carbon taxes in OECD and G20 countries, and in international aviation and maritime transport.
Global energy consumption rose strongly in 2018 along with energy-related CO2 emissions, reaching a new all-time high. This is disconcerting, as meeting the goals of the Paris Agreement will require deep cuts in emissions. Taxing polluting sources of energy is an effective way to curb emissions that harm the planet and human health. Where do countries stand in deploying energy and carbon taxes to reach environmental and climate goals? How can governments step up efforts?
Webinar - The US energy savings potential and who pays for itLeonardo ENERGY
Several recent studies use bottom-up models to assess the potential for energy efficiency (or avoided emissions from greenhouse gases) and the costs of implementing such energy efficiency measure, representing these two dimensions in an energy efficiency supply curve. However, energy savings estimates are generally overly optimistic suggesting that the costs to achieve the energy efficiency potential are very low.
We revisit the energy efficiency supply curve approach, developing a model that accounts for key uncertainties and different perspectives on how energy efficiency potential can be tackled.
This model provides efficiency potential savings and associated costs for the US residential sector
OECD Green Talks Webinar: Carbon Pricing Trends - Measuring the MomentumOECDtax
Decarbonisation keeps climate change in check and contributes to cleaner air and water. Carbon pricing is a cost-effective means of reducing CO2 emissions, but countries are still not using this tool to its full potential to curb climate change. xperts from the OECD Centre for Tax Policy and Administration presented the key findings from their report on Effective Carbon Rates, which measures pricing of CO2-emissions from energy use in 42 OECD and G20 countries, covering 80% of world emissions, and provided a first appreciation of countries’ progress since 2012.
In this session we will look at some of the policy options for tackling climate change with the long term aim of de-carbonisation
In 2015, the earth’s surface temperature was around 0.9 Celsius degrees warmer than the 20th century average
Many economists recommend applying the polluter pays principle and placing a price on carbon dioxide and other greenhouse gases. This can be implemented either through a carbon tax (known as a price instrument) or a cap-and-trade scheme (a so-called quantity instrument).
Geoffrey J. Blanford, IFO Institute de Berlín.
Funseam y la Catedra Orkestra de Energía con la inestimable colaboración de la Fundación Repsol organizaron una jornada sobre Cambio Climático y sus implicaciones sobre el desarrollo tecnológico y la competitividad industrial. 04/11/2015
The role of the public sector leadership in reducing emissions should be key. The presentation focuses on how the public sector, including government, must go further faster, to mobilise action across sectors by setting best practice examples.
Presented by Nicolai Zarganis, Head of Division, Danish Energy Authority, denmark, at the IEA DSM Programme workshop in Copenhagen, Denmark on 19 April 2006.
Geoffrey J. Blanford, Ph.D. Ifo Institute for Economic Research, Germany. Electric Power Research Institute, USA.
Autumn Seminar 2015. Climate change: Implications for technological developments and industrial competitiveness.
Jornada organizada por FUNSEAM y la Cátedra de Energía de Orkestra-Instituto Vasco de Competitividad con la colaboración de Fundación Repsol.
4 de Noviembre de 2015- CAMPUS REPSOL. Madrid, España
On 15 October 2019, Jonas Teusch (OECD Centre for Tax Policy and Administration) discussed the key findings from the OECD publication, Taxing Energy Use 2019, which presents new and original data on energy and carbon taxes in OECD and G20 countries, and in international aviation and maritime transport.
Global energy consumption rose strongly in 2018 along with energy-related CO2 emissions, reaching a new all-time high. This is disconcerting, as meeting the goals of the Paris Agreement will require deep cuts in emissions. Taxing polluting sources of energy is an effective way to curb emissions that harm the planet and human health. Where do countries stand in deploying energy and carbon taxes to reach environmental and climate goals? How can governments step up efforts?
Webinar - The US energy savings potential and who pays for itLeonardo ENERGY
Several recent studies use bottom-up models to assess the potential for energy efficiency (or avoided emissions from greenhouse gases) and the costs of implementing such energy efficiency measure, representing these two dimensions in an energy efficiency supply curve. However, energy savings estimates are generally overly optimistic suggesting that the costs to achieve the energy efficiency potential are very low.
We revisit the energy efficiency supply curve approach, developing a model that accounts for key uncertainties and different perspectives on how energy efficiency potential can be tackled.
This model provides efficiency potential savings and associated costs for the US residential sector
OECD Green Talks Webinar: Carbon Pricing Trends - Measuring the MomentumOECDtax
Decarbonisation keeps climate change in check and contributes to cleaner air and water. Carbon pricing is a cost-effective means of reducing CO2 emissions, but countries are still not using this tool to its full potential to curb climate change. xperts from the OECD Centre for Tax Policy and Administration presented the key findings from their report on Effective Carbon Rates, which measures pricing of CO2-emissions from energy use in 42 OECD and G20 countries, covering 80% of world emissions, and provided a first appreciation of countries’ progress since 2012.
In this session we will look at some of the policy options for tackling climate change with the long term aim of de-carbonisation
In 2015, the earth’s surface temperature was around 0.9 Celsius degrees warmer than the 20th century average
Many economists recommend applying the polluter pays principle and placing a price on carbon dioxide and other greenhouse gases. This can be implemented either through a carbon tax (known as a price instrument) or a cap-and-trade scheme (a so-called quantity instrument).
Geoffrey J. Blanford, IFO Institute de Berlín.
Funseam y la Catedra Orkestra de Energía con la inestimable colaboración de la Fundación Repsol organizaron una jornada sobre Cambio Climático y sus implicaciones sobre el desarrollo tecnológico y la competitividad industrial. 04/11/2015
Jos Delbeke's presentation at the Climate Action Conference in Brussels, 25-27 October 2010
Topic: An overview of the EU domestic action to combat climate change
Le Green Deal Européen, une vision climatique, industrielle ou géopolitique ?
Sébastien PAQUOT
Chef d'Unité Adjoint - Climate Finance - DG CLIMA - Commission Européenne
The report 'Trends and projections in Europe 2013' considers EU progress in meeting greenhouse gas emission reduction, renewable energy and energy efficiency targets.
This presentation summarises some of the main findings from the report. It was delivered by the Executive Director of the European Environment Agency (EEA), Hans Bruyninckx, at the Report's launch event on 9 October 2013.
Check against delivery.
The European Union has agreed on a new 2030 Framework for climate and energy, which includes EU-wide targets and policy objectives for the period between 2020 and 2030. The targets aim to help the EU achieve a more competitive, secure and sustainable energy system and to meet its long-term 2050 greenhouse gas reductions target as set out in the 2050 Low Carbon Roadmap.
The framework was created to communicate to the market a clear commitment by the EU in view of encouraging private investment in new networks and low-carbon technologies. The targets themselves are based on a thorough analysis made by the European Commission that measured how to cost-effectively achieve decarbonisation by 2050.
The key targets are:
* 40% cut in greenhouse gas emissions (from 1990 levels);
* at least 27% of EU energy from renewables in terms of final consumption;
* and, at least 27% energy savings compared to business-as-usual.
This policy brief reflects on the challenges of a carbon border adjustment mechanism in the post-COVID-19 economy and explores the role environmental product standards can play to complement the mechanism.
The EU ETS and global level playing field: the carbon leakage listLeonardo ENERGY
In the design of the European Union’s Emissions Trading Scheme (EU ETS) aiming at reducing greenhouse gas emissions in Europe in a cost-effective manner, the co-legislators introduced an element aimed at restoring global level playing field for the industrial sectors which would see their international competitiveness hampered by the additional costs brought by European policy. It was decided that sectors exposed to a high risk of carbon leakage would benefit from a certain amount of free allocation of emission allowances as long as their competitors outside of the EU are not subject to comparable policies.
The definition of “carbon leakage” itself is multifaceted and disputed. The system that has been built ad hoc at EU level is no less complex and burdensome. It has resulted in the elaboration of a series of eligibility steps, going from the periodic carbon leakage list through product-specific benchmarks to the application of a reduction factor aiming at keeping the level of emissions under the cap set in the Directive.
This course will look at this system from the legislative principles viewpoint as well as from the practical side based on past experience. It will also present some perspectives from the EU ETS review exercise launched in July 2015. Last but not least, it will revert back to the global perspective by observing the state of play in the aftermath of the COP21.
Roadmap for moving to a low-carbon economy by 2050Leonardo ENERGY
If global warming is to be held below 2°C compared to pre-industrial times, then all major economies will need to make deep emissions reductions. By 2050, the European Union could cut most of its greenhouse gas emissions. The European Commission has looked at cost-efficient ways to make the European economy more climate-friendly and less energy-consuming. With its Roadmap for moving to a competitive low-carbon economy in 2050, the European Commission has looked beyond short-term objectives and set out a cost-effective pathway for achieving much deeper emission cuts by the middle of the century.
The Roadmap is the main long-term policy initiative put forward to move the EU towards using resources in a sustainable way. It states that, by 2050, the EU should cut its emissions to 80% below 1990 levels through domestic reductions alone. It sets out milestones which form a cost-effective pathway to this goal - reductions of 40% by 2030 and 60% by 2040. It also shows how the main sectors responsible for Europe's emissions - power generation, industry, transport, buildings and construction, as well as agriculture - can make the transition to a low-carbon economy most cost-effectively.
Future Of Fintech In India | Evolution Of Fintech In IndiaTheUnitedIndian
Navigating the Future of Fintech in India: Insights into how AI, blockchain, and digital payments are driving unprecedented growth in India's fintech industry, redefining financial services and accessibility.
In a May 9, 2024 paper, Juri Opitz from the University of Zurich, along with Shira Wein and Nathan Schneider form Georgetown University, discussed the importance of linguistic expertise in natural language processing (NLP) in an era dominated by large language models (LLMs).
The authors explained that while machine translation (MT) previously relied heavily on linguists, the landscape has shifted. “Linguistics is no longer front and center in the way we build NLP systems,” they said. With the emergence of LLMs, which can generate fluent text without the need for specialized modules to handle grammar or semantic coherence, the need for linguistic expertise in NLP is being questioned.
ys jagan mohan reddy political career, Biography.pdfVoterMood
Yeduguri Sandinti Jagan Mohan Reddy, often referred to as Y.S. Jagan Mohan Reddy, is an Indian politician who currently serves as the Chief Minister of the state of Andhra Pradesh. He was born on December 21, 1972, in Pulivendula, Andhra Pradesh, to Yeduguri Sandinti Rajasekhara Reddy (popularly known as YSR), a former Chief Minister of Andhra Pradesh, and Y.S. Vijayamma.
03062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
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27052024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
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हम आग्रह करते हैं कि जो भी सत्ता में आए, वह संविधान का पालन करे, उसकी रक्षा करे और उसे बनाए रखे।" प्रस्ताव में कुल तीन प्रमुख हस्तक्षेप और उनके तंत्र भी प्रस्तुत किए गए। पहला हस्तक्षेप स्वतंत्र मीडिया को प्रोत्साहित करके, वास्तविकता पर आधारित काउंटर नैरेटिव का निर्माण करके और सत्तारूढ़ सरकार द्वारा नियोजित मनोवैज्ञानिक हेरफेर की रणनीति का मुकाबला करके लोगों द्वारा निर्धारित कथा को बनाए रखना और उस पर कार्यकरना था।
31052024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
role of women and girls in various terror groupssadiakorobi2
Women have three distinct types of involvement: direct involvement in terrorist acts; enabling of others to commit such acts; and facilitating the disengagement of others from violent or extremist groups.
01062024_First India Newspaper Jaipur.pdfFIRST INDIA
Find Latest India News and Breaking News these days from India on Politics, Business, Entertainment, Technology, Sports, Lifestyle and Coronavirus News in India and the world over that you can't miss. For real time update Visit our social media handle. Read First India NewsPaper in your morning replace. Visit First India.
CLICK:- https://firstindia.co.in/
#First_India_NewsPaper
‘वोटर्स विल मस्ट प्रीवेल’ (मतदाताओं को जीतना होगा) अभियान द्वारा जारी हेल्पलाइन नंबर, 4 जून को सुबह 7 बजे से दोपहर 12 बजे तक मतगणना प्रक्रिया में कहीं भी किसी भी तरह के उल्लंघन की रिपोर्ट करने के लिए खुला रहेगा।
Welcome to the new Mizzima Weekly !
Mizzima Media Group is pleased to announce the relaunch of Mizzima Weekly. Mizzima is dedicated to helping our readers and viewers keep up to date on the latest developments in Myanmar and related to Myanmar by offering analysis and insight into the subjects that matter. Our websites and our social media channels provide readers and viewers with up-to-the-minute and up-to-date news, which we don’t necessarily need to replicate in our Mizzima Weekly magazine. But where we see a gap is in providing more analysis, insight and in-depth coverage of Myanmar, that is of particular interest to a range of readers.
3. A global pathway to stay below 2°C Global Peak by 2020 Global -50% by 2050 rel. 1990 Developed Countries to cut by 80-95% by 2050 rel. 1990 Recent Science ?
6. DC need to participate over time ... If Annex I alone reduces emissions to zero ... Global emission path compatible with 2°C
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11. The climate and energy package at a glance large industrial installations & aviation Carbon capture and storage Directive CO2&cars Renewable Energy Directive Fuel Quality Directive -20% / 30% technology specific & product policies cross-sectoral targets & instruments “ small emitters” EU ETS Effort Sharing Decision
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13. Overall architecture GHG Target by 2020: -20% compared to 1990 -14% compared to 2005 EU ETS -21% compared to 2005 Non ETS sectors -10% compared to 2005 27 Member State targets, stretching from -20% to +20%