The European Energy Exchange (EEX) published today the 2021 EU ETS auction calendars. The auctions will start on 29 January 2021 with an auction by Germany. The auctions on the common auction platform will start on 1 February 2021 and will also include the volumes for the Innovation Fund and the Modernisation Fund. The first 2021 auction by Poland will take place on 3 February 2021.
The Commission has published a report on the functioning of the EU-wide quota system for hydrofluorocarbons (HFCs). The system was put in place in 2015 to drastically reduce the use of these greenhouse gases with a particularly potent warming effect. The gases have a range of applications in refrigeration and air conditioning equipment, as well as foaming agents or aerosol propellants. Under the system, manufacturers and users of these products are incentivised to switch to more climate-friendly alternatives to significantly reduce HFC emissions.
The Commission yesterday adopted an implementing decision setting out the annual emission allocations (AEAs) for 2021-2030 under the Effort Sharing Regulation. Adopting this decision is an important step in ensuring Member States take the right path to achieving an EU-wide emission reduction of 30% by 2030 compared to 2005 in sectors not covered under the EU Emissions Trading System (ETS), as set out in current legislation.
The European Climate Pact – part of the European Green Deal – is today joining forces with global climate campaign Count Us In to mobilise millions of people across the EU to take concrete steps to reduce their carbon pollution and catalyse rapid action from leaders.
Dear guests of the Climate Ambition Summit!
55% – That is now indeed Europe's calling card. I am glad that the 27 European Leaders have signed up to the European Commission's proposal for taking climate action to a new level of ambition. Together with the agreement on our next 7-year-budget, the 55% agreement is the go-ahead for scaling up climate action across our economy and society.
The European Commission today launched the European Climate Pact, an EU-wide initiative inviting people, communities and organisations to participate in climate action and build a greener Europe. As part of the European Green Deal, the Climate Pact offers a space for everyone to share information, debate and act on the climate crisis, and to be part of an ever-growing European climate movement.
As part of a contract with the European Commission, Vivid Economics organises an expert workshop on the Market Stability Reserve.
Today, the European Commission is launching the second call for projects under the Innovation Fund, one of the world’s largest funding programmes for the deployment of innovative low-carbon technologies.
The Commission today adopted its annual EU Climate Action Progress Report, covering the EU's progress in cutting greenhouse gas emissions in 2019. Greenhouse gas emissions in the EU-27 decreased by 3.7 % year-on-year, while GDP grew by 1.5%. Emissions have now been reduced by 24% compared to 1990 levels.
Excellencies, distinguished guests, ladies and gentlemen, it is a real privilege and honour to speak to you all on the invitation of my esteemed colleague Mr. Xie Zhenhua.