For us, and our success in Glasgow, it is obvious that meeting our commitments on finance is critical. I don’t think we would be able to be credible in Glasgow if we don’t live up to the commitments.
On 7 May, Executive Vice-President Frans Timmermans will participate in the 12th Petersberg Climate Dialogue, an informal high-level political meeting of over 30 ministers from around the world focusing on the international climate negotiations and the implementation of climate action.
Fluorinated gases (or F-gases) are used in a range of industrial applications, but they have a particularly powerful warming effect when released into the atmosphere. The EU led the way by first legislating on F-gases in 2006. Thanks to strong measures, F-gas emissions in the EU have been falling since 2015.
Today the European Commission published the final report of a two-year study on how to set up and implement carbon farming in the EU. Building on this study and on the input from several EU-funded projects and events, the Commission plans to launch the carbon farming initiative by the end of 2021.
Today, the European Commission has opened a new chapter in the life of the EU Covenant of Mayors for climate and energy, seeking to raise ambition on the path towards climate neutrality in line with the European Green Deal, and put a greater focus on action.
The Commission welcomes today's provisional agreement between the co-legislators on the European Climate Law. As one of the key elements of the European Green Deal, the European Climate Law enshrines the EU's commitment to reaching climate neutrality by 2050 and the intermediate target of reducing net greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels.
Greenhouse gas emissions from operators covered by the EU Emissions Trading System (EU ETS) fell by 13.3% in 2020 compared to 2019 levels. This reduction resulted from an 11.2% decrease in emissions from stationary installations and a 64.1% decrease in emissions from aviation.
Both organisations call on the world’s leading economies to pave the way for net-zero greenhouse gas emissions within a generation, with the energy sector playing a crucial role.
Following the evaluation of the first stage of the application process, 70 projects are invited to continue on the second stage and submit full applications for the first Innovation Fund call for large-scale projects, while all applicants have been informed about the results.
Today, China’s Minister for Ecology and Environment, Huang Runqiu, the European Commission’s Executive Vice-President, Frans Timmermans, and the Canadian Minister for Environment and Climate Change, Jonathan Wilkinson, co-convened the 5th session of the Ministerial on Climate Action. The annual meeting, hosted by China this year, was held virtually for the second time due to the COVID-19 pandemic.