The European Commission has set out the EU's vision for the new global climate change agreement due to be adopted in Paris in December. The Communication, "The Paris Protocol - a blueprint for tackling global climate change beyond 2020”, is part of the EU’s Energy Union package unveiled by the Commission today. As well as securing Europe's energy supply, ensuring affordable and competitive energy and an integrated energy system, the strategy also aims to tackle climate change through the transition to a low-carbon, climate-friendly economy.
The European Commission and the European Investment Bank are launching two new financial instruments to drive investment in energy efficiency, efforts to preserve natural capital, and adaptation to climate change. The instruments will unlock public and private investments by combining EIB funding with financing under the EU LIFE Programme for Environment and Climate Action.
United Nations talks to advance work on a new global climate agreement due to be finalised in Paris this December resume on 8 February in Geneva, Switzerland.
The European Union will be working to ensure that the week-long meeting of the so-called Durban Platform for Enhanced Action (ADP) delivers a streamlined text as a basis for further negotiation at the Bonn session in June. The EU expects countries to keep to the agreed timetable and come forward with ambitious proposed emissions reductions targets, known as intended nationally determined contributions, or INDCs, by the end of the first quarter of 2015. The European Union is finalising its contribution for submission to the United Nations Framework Convention on Climate Change by the end of March.
The European Commission and the European Investment Bank are launching a new financing instrument for projects promoting the preservation of natural capital, including adaptation to climate change.
Commission welcomes political agreement on monitoring, reporting and verification of maritime emissions
The European Commission welcomes the political agreement on the monitoring, reporting and verification of maritime emissions reached by the Council following the positive vote in the European Parliament's Environment Committee.
The European Union welcomes the outcome of the United Nations climate conference in Lima as a step forward on the road to a global climate deal in Paris next year. The conference agreed on two deliverables, the Lima Call for Climate Action and the draft elements text for the 2015 Agreement.
The European Commission has announced a grant contribution of €15 million to the NAMA Facility, a financing instrument for projects to reduce greenhouse gas emissions in emerging and developing countries.
The Private Finance for Energy Efficiency (PF4EE) is the first of two new financial instruments under the LIFE programme for the Environment and Climate Action. It aims to increase private financing for investments in energy efficiency projects. The Commission has committed €80 million for 2014-17 anticipating an 8-fold leverage effect. The management of the PF4EE is entrusted to the European Investment Bank (EIB).
The European Union expects the UN climate change conference from 1-12 December in Lima, Peru, to pave the way for the adoption of a new, legally binding, global climate agreement in Paris next year. The EU is confident that the new agreement will significantly strengthen and broaden collective international efforts to tackle climate change. The at least 40% greenhouse gas reduction target agreed by EU leaders in October, together with the announcement by the US and China on their future targets that followed, are clear evidence of global resolve.
The European Commission has allocated quotas to existing companies and new entrants allowing them to sell hydrofluorocarbons (HFCs) in the EU in 2015. This is the first step of a gradual reduction of these quotas to end up at only 21% of today's sales by 2030, as mandated by a new EU Regulation on fluorinated gases (F-gases). Emissions of these gases to the atmosphere will in this way be reduced by two-thirds. HFCs are the most common F-gases which warm the atmosphere thousands of times more than CO2. Companies can see their quotas in the HFC Registry, available under the F-gas Portal.