Informal Consultations: From COP25 to COP26

In the run up to the next COP, the previous year’s Presidency and the incoming Presidency work together to set out a multi-layered approach to identify and test solutions to the topics at the upcoming COP. This article focuses on the outcomes of the meetings and consultations that have taken place during 2021 since COP25. The discussions have focused on six key areas, their challenges and negotiation points.

Categories COP26

European Union: Carbon Border Adjustment Mechanism

As part of the European Union's (EU) Green Deal legislation, a Carbon Border Adjustment Mechanism (CBAM) has been proposed that should work hand-in-hand with the EU Emissions Trade Scheme (ETS) Some individuals suggest the ETS already covers what the CBAM promises; for example, it is based on the purchase of certificates by importers and will be based on the weekly price of EU ETS allowances CBAMs have been trialled or are in the planning stage in different regions of the world such as California, Canada and Japan.

Categories Europe

EU ETS: An Introduction

Its Emissions Trading System is central to the EU’s efforts in reducing power and industrial emissions. In the cap-and-trade system, an overall amount of yearly emissions allowances is defined which can be traded among participants. Reforms have over the years improved the performance of the EU-ETS and a further tightening of its terms has recently been proposed.

Categories Europe