« Mind the gap »: Aligning the 2030 EU climate and energy policy framework to meet long-term climate goals

Conferences - By : Charlotte VAILLES

Context 

Following the publication of a policy brief in April, I4CE and Enerdata release the full report « Mind the gap: aligning the 2030 EU climate and energy policy framework to meet long-term climate goals »The study analyses and quantifies the interactions within the energy and climate framework, and describes policy options to implement an ambitious and coherent policy mix, which would enable the EU to respect its commitment under the Paris Agreement.

 

Negotiations on several Clean Energy Package legislative files, including the renewable energy directive, the energy efficiency directive and a regulation on the Governance of the Energy Union are currently being finalized between EU institutions. We are now entering a new stage of climate and energy discussions and a new window opening with the mid-term climate strategy review.

 

Against this background I4CE – Institute for Climate Economics – and Enerdata make two observations:

 

  1. On one hand, policy interactions within the 2030 climate and energy framework impact negatively the functioning of the EU ETS. Legislative texts currently under negotiation lack the necessary provisions to mitigate undesired effects.
  2. On the other hand, the 2030 climate and energy framework falls short of the EU long-term ambition, which is itself insufficient to respect its commitment under the Paris Agreement.

 

 

Programm

8.30 – Registration and welcome coffee

9.00 – Opening remarks

  • Damien Demailly, Strategy and Communication Director – I4CE

9.15 – Présentation of the results of the report by the authors, I4CE and Enerdata

  • Jérémy Bonnefous, Energy Analyst – Enerdata
  • Charlotte Vailles, Project Manager – Industry, Energy and Climate – I4CE

10.00 – Questions – Answers

10.20 – Coffee break

10.40 – Roundtable on the challenges of ensuring a coherent climate and energy policy mix consistent with the Paris Agreement objectives

  • Anne BolleModerator, Head of Climate Policies, Public Affairs – Statkraft AS
  • Tom Van Ierland, Head of Unit Strategy & Economic Assessment – DG Clima, Commission Européenne
  • Peter Botschek, Energy & HSE Director – Cefic
  • Suzana Carp, EU Engagement Lead – Sandbag
  • Kari Kankaanpaa, Senior Manager, Climate & Environmental Affairs – Fortum Power and Heat Oy
  • Jean-Yves Caneill, Senior Advisor – ERCST

11.30 – Questions – Answers

11.50 – Closing remarks and wrap-up of the meeting

12.00 – Lunch

19 Jun 2018

« Mind the gap »: Aligning the 2030 EU climate and energy policy framework to meet long-term climate goals

I4CE Contacts
Charlotte VAILLES
Charlotte VAILLES
Research Fellow – Financing a fair transition Email
To learn more
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    I4CE’s recommendations to the European Banking Authority on prudential transition plans

    The European Banking Authority (EBA) is clarifying how the banks should frame their “transition plan” as required by the EU prudential regulation. The transition plan is the bank’s strategic roadmap to prepare for the transition to a sustainable economy as framed by the jurisdictions they operate in, including an EU climate-neutral economy. It has been introduced in several EU regulatory frameworks, including as a disclosure requirement arising from the CSRD. The prudential framework and the EBA are focusing on a specific angle: how the banks plan to manage their financial risks related to the transition. EBA’s framing of these plans will be key to determine whether the banks will manage their financial risks consistently with the broader need of financing the transition to a low-carbon economy. 

  • 04/19/2024 Foreword of the week
    World bank and IMF Spring Meetings: How can the reformed institutions play a leading role in funding the transition?

    Rethinking how development can be financed to take into account the rising challenges of our time is a fastidious task, especially when thousands of experts, decision makers and practitioners want to leave their print. The outline of the new international financial architecture is being debated again this week, with more questions open for discussion than consensus on the answers. 

  • 04/19/2024 Blog post
    More and better finance: maximising positive climate impacts for a timely transition 

    Since the Paris Agreement in 2015, significant strides have been made to foster the commitment of countries and financial institutions to address the climate crisis and ensure that climate risks and opportunities are considered in investments. However, with emissions required to peak before 2025, our window of opportunity is rapidly closing to keep +1.5°C within reach. Financial needs to lower greenhouse gas (GHG) emissions and to address adaptation priorities are increasing rapidly in the meantime. Luis Zamarioli Santos and Diana Cárdenas Monar, from I4CE, believe that commitment must urgently translate into action, and action must bring the urgent change the world needs. Both governments and public financial institutions have a central role to play to deliver more and better finance, maximising positive impacts. This blogpost highlights some opportunities to advance in the path for a systemic transformation, involving key stakeholders with a whole-economy approach.  

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