This autumn more than 120 new projects will be funded under the LIFE programme for the Environment and Climate Action, helping Europe shift to a more sustainable and low-carbon future. Approximately €240 million will go to projects in the fields of nature and biodiversity, environment and resource efficiency, and climate action, mobilising additional investments in these areas.
Today, the delegated regulation amending the ETS Auctioning Regulation to ensure continued successful auctions in phase 4 of the EU ETS (2021-2030) was published in the Official Journal of the European Union.
The Modernisation Fund set up under the revised ETS Directive will more than double compared to the size initially envisaged, following the decision by five beneficiary EU Member States to increase the number of emission allowances they will transfer to the fund.
The Commission adopts the Regulation on adjustments to free allocation due to activity level changes.
The Commission has reached an important milestone in the preparation for phase 4 of the EU Emissions Trading System (ETS), starting in 2021 with the adoption of the Regulation setting out the rules on how the free allocation of emission allowances will reflect the changes in the activity of the installations.
EU greenhouse gas emissions declined by 2% in 2018 and reached their lowest level since 1990. In 2018, emissions were 23% below the 1990 level, while the GDP had increased by 61%. Implementation will have to be accelerated significantly, the annual EU Climate Action Progress Report adopted today concludes, to reach 2030 targets and for the EU to become climate-neutral by 2050.
The European Commission has adopted its annual report on the functioning of the European carbon market. Covering the year 2018, the report also presents certain initiatives proposed or agreed in 2019.
Climate change is a global threat and demands global action, the more countries join forces, the bigger the chances we can master this major challenge of our generation. The European Union, Iceland and Norway today agreed to extend their cooperation to reduce greenhouse gas emissions by at least 40% by 2030 compared to 1990 levels.
Ahead of the next UN climate conference (COP25) to be held in Santiago de Chile on 2-13 December 2019, Climate Action and Energy Commissioner Miguel Arias Cañete will take part in a ministerial dialogue on climate change known as 'pre-COP' in Costa Rica on 8-10 October.
At the UN Secretary General Climate Summit on 23 September, EU Climate Action and Energy Commissioner Miguel Arias Cañete and Gabon’s Minister of Forest, Seas, Environment, in charge of Climate Plan, Professor Lee White, joined forces to strengthen and accelerate and scale adaptation to climate change in Africa.
EU Commissioner for Climate Action and Energy Miguel Arias Cañete and China’s Special Representative on Climate Change Xie Zhenhua welcomed the successful outcome of the UN Climate Action Summit and thanked UN Secretary-General António Guterres for his outstanding commitment to ambitious global climate action.