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.
Global phase-down of hydrofluorocarbons and replenishment of Multilateral Fund on Montreal Protocol's agenda
The annual Meeting of Parties (MOP) to the Montreal Protocol on protecting the ozone layer combined with the Conference of Parties (COP) to the Vienna Convention takes place in Paris between 17 and 21 of November. Parties will discuss a possible global phase-down of hydrofluorocarbons (HFCs) and the replenishment of the Protocol's Multilateral Fund.
Miguel Arias Cañete - Commissioner for Climate Action and Energy.
Speech before the ENVI committee of the European Parliament.
Commissioner Arias Cañete said: "the lessons for the EU from the IEA's 2014 World Energy Outlook are clear: in an increasingly unstable world, the best route to improved energy security is a low carbon and energy efficient one. It also sends a clear message to the world that current trends could lead to global temperature increases of 3.6 °C, and increased energy security concerns. This underlines once again the importance of agreeing a binding deal on climate change in 2015, which the EU has laid the foundations for by agreeing the 2030 Framework."
EU Climate Action and Energy Commissioner Miguel Arias Cañete: "The science is clear. The time to act is now"
The European Commission welcomes the robust scientific evidence on climate change compiled by the Intergovernmental Panel on Climate Change (IPCC) in its Fifth Assessment Report. This report brings together the scientific literature on climate change since its last report in 2007, and leaves policymakers with no doubt: The time to act is now.