Transcript The European Climate Change Programme Seminar of Governmental Experts, 16-17 May 2005, Bonn A presentation on behalf of the EU Artur Runge-Metzger European Commission European Commission:

The European Climate
Change Programme
Seminar of Governmental Experts, 16-17 May 2005, Bonn
A presentation on behalf of the EU
Artur Runge-Metzger
European Commission
European Commission: DG Environment
The EU’s Challenge: EU-15 projected
progress towards Kyoto Commitments
1990 GHG Emissions = 100
Figure 1: EU-15 greenhouse gas emissions until
2002 and projections until 2010
108
106
104
102
100
98
96
94
92
90
1990
Business as usual
with existing
policies
2002
with additional
policies
Kyoto target path
Kyoto mechanisms
1995
2000
Year
2005
2010
European Commission: DG Environment
The EU’s Response: European Climate
Change Programme (ECCP)
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Objective
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Major Milestones
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Identify and develop cost effective elements of EC strategy to meet
the EU’s Kyoto target in cooperation with stakeholders
Launch March 2000; October 2001: EC commitment on concrete
Action Plan supplementary to Member States’ efforts
2004: new legislation largely put in place, wide policy mix
New phase in 2005 (e.g. review, energy efficiency, aviation, CCS,
adaptation)
Major Achievements

EU Measures currently “in implementation”: potential of 350-430
Mt CO2eq./year (equals Kyoto target for EU-15)
European Commission: DG Environment
EU Emissions Trading: operational
since 1st January 2005
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a new, market based instrument, covering close to 50%
of EU-25 CO2 emissions – the largest ever implemented
taps on the market dynamics and innovation capacity of
the industrial sectors, reduces Kyoto compliance cost
covers major energy intensive industries, in total 12000
installations
approximately 2 billion allowances per year (2005-2007)
 total value of allowances: 32 billion € at current prices
linking with JI/CDM: direct access of credits to EU ETS
linking with other domestic schemes enabled through
current regulatory framework
European Commission: DG Environment
EU Emissions Trading: Price & Traded
Volumes in the EU ETS
Source: Point Carbon's Carbon Market Daily
European Commission: DG Environment
More information on EU climate change policy
http://europa.eu.int/co
mm/environment/climat
/home_en.htm
European Commission: DG Environment