European Climate Policy Proposal and Actions
Explore the policy proposals and suggested actions in the European climate arena, including Sweden's financial resources offer, pros and cons of alternatives, and recommendations for a just transition to climate neutrality. Learn about strategies to reduce GHG emissions, solve carbon leakage, and ensure a fair shift to cleaner energy sources.
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Presentation Transcript
POLICY PROPOSAL Tereza Klime ov Patrik Kratochv la Nirsan Sriskantharajah Valentin Schnabl Dema Hajeb
Sweden's proposal However, in case that a reasonable increase of budget would help more carbon-dependent economies reach agreed-upon targets adequately faster, Sweden is willing to discuss providing extra financial resources.
Pros and Cons of Alternatives In agreement with some proposals of Germany: Clear classification of environmentally sustainable activities, and clarification of the investment outcomes will attract vital investments from the private sector to complement the budget, should it eventually be increased. Emphasis on renewable energy sources, i.e. biofuels, or gradual establishment of LNG terminals Against Polish proposals such as flexible reduction of CO2 emissions
Suggested Actions Solve carbon leakage problem and reduce GHG emission Transform ETS into a quasi carbon tax Narrow price gap of EUA Choose a stable tariff rate Aim for full border adjustment How to implement a WTO-compatible full border carbon adjustment as an important part of the European Green Deal A. Kranek , 17. January 2020, Vienna
Suggested Actions Five policy recommendations to ensure a just transition 1. Set phase-out date for coal as early as possible 2. Ensure timeline and strategies are based on high-quality, quantitative analysis 3. Ensure adequate, targeted financial and policy support using EU as well as national funds 4. Aim for real economic diversification 5. Engage stakeholders in an ongoing process Anczewska, M. et al., 2020. Just Transition to climate neutrality, Doing it right by regions, Berlin: WWF Germany.
