Implications of Paris Views for EU Policy
The update on views for Paris delves into the policy implications for the European Union in terms of current NDC submissions, emissions trends, assessment and outlook. Despite favorable trends from 1990-2014, recent setbacks include a significant drop in emissions alongside economic growth. The EU is facing challenges in reaching its GHG emission reduction targets, with ongoing debates on non-GHG targets, Climate Action Regulation, and Energy Union. The future of EU integration and priorities are highlighted, leading up to the next EU NDC under the German Presidency in S2/2020.
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Presentation Transcript
Update on Views for Paris: Policy Implications European Union
Current NDC Submitted in March 2015 Joint fulfillment by all Member States (Art. 4 PA) GHG emissions reduction: 40% below 1990 by 2030 All GHGs outside Montr. Prot. ETS: -43% below 2005 Non-ETS: -30% below 2005 No international credits Uncertainty around LULUCF Climate Action Tracker: Insufficient
Emissions Trend Source: EEA, Nov. 2017
Assessment and Outlook Favorable trend 1990-2014, but recent setbacks >20% drop in emissions, >45% economic growth ~6.5 tCO2e per capita, lower than China IEA 3/2018: emissions increase of 1.5% in 2017 2030 Climate and Energy Framework Progress on EU ETS, but ongoing debate about non- GHG targets, Climate Action Regulation, Energy Union European Council 3/2018: Calls for 2050 Strategy Pressures on EU integration, shifting priorities Sibiu, March 2019: Summit on the Future of Europe Next EU NDC: German Presidency of the EU in S2/2020
Thank You! Center for Energy and Environmental Policy Research Massachusetts Institute of Technology (MIT) MIT Building E19-411 400 Main Street, 4th Floor Cambridge, MA 02142-1017 http://ceepr.mit.edu ceepr@mit.edu 617-253-3551 617-253-9845
