Discover and read the best of Twitter Threads about #EUETS

Most recents (7)

EU #CBAM proposal was leaked today. While the main elements may not come as a surprise to those having paid close attention to this file in recent months – a few things are worth unpacking, especially as trade partners gear up to react. 👇A thread 1/n
On the table is a limited tool oriented towards managing domestic interests over external and climate considerations. It will initially cover a handful of sectors which, over time, can be extended to other ETS sectors deemed at risk of carbon leakage. Thus, final products... 2/n
.. will likely never be covered. The compliance mechanism will be a notional ETS, meaning exporters to the EU purchase credits at similar prices of the #EUETS and surrender those at the end of each year to cover their products' actual embedded scope 1 and 2 emissions 3/n
Read 10 tweets
Das kleine 1x1 der #CO2Bepreisung. Was ist der Unterschied zwischen #Emissionshandel & #CO2Steuer? Wie sieht es in der Theorie aus und welche Schwierigkeiten treten in der Praxis auf?
Ein thread für alle, die sich selbst ein Bild zum #CO2Preis machen wollen (1/n)
2/ Ein #CO2Preis kann auf zwei Weisen implementiert werden: über einen #Emissionshandel mit einer festen CO2-Obergrenze oder über eine #CO2Steuer mit einem festgelegten Preispfad. In der Theorie führen beide Ansätze zum gleichen #CO2Preis und zum gleichen CO2-Minderungseffekt
3/ Der Vorteil des #Emissionshandels ist es, dass durch die CO2-Obergrenze die Erreichung des Klimaziels sichergestellt ist. Der Vorteil der #CO2Steuer ist es, dass es einen verlässlichen Preispfad als Signal an die Wirtschaft gibt. Soweit die Theorie.
Read 18 tweets
We finally published study on impacts of tightening the #EUETS in line with #EUGreenDeal on power sector #decarbonization…

In short:
1. Carbon prices in the ETS would triple to ~130€/tCO2 in 2030, effectively phasing out coal power in the EU by 2030

2. CO2 prices would also reduce gas-based generation by 40% in 2030 already

3. The power sector would reach zero emissions by 2040

4. Renewable share in electricity >74% in 2030, with average yearly wind + solar scale-up over 2020-2030 in Europe: 80GW/year

5. Balanced Wind / PV split, plus hydrogen electrolysis & turbines allow seasonal matching of demand & supply;
long-distance grids, batteries and hydrogen turbines manage shorter fluctuations

6. Unavailability of nuclear/fossil CCS power plants does not affect results
Read 7 tweets
@BrigitteKnopf @PIK_Climate @Bruegel_org @GeorgZachmann The article could be more readable and I don't find everything in it logically convincing.
Basically, the authors propose a much more complicated double cap system, then eliminating the cap of the cap system by introducing price limits, then proposing a couple of patches to ->
@BrigitteKnopf @PIK_Climate @Bruegel_org @GeorgZachmann -> deal with the problems arising from those modifications.
The core topic is the long overdue introduction of fossil fuels for heating and transport into the #EUETS.
The main problem here being the difference in abatement costs for the two large sectors electricity/industry ->
@BrigitteKnopf @PIK_Climate @Bruegel_org @GeorgZachmann -> and transport/heating.
A single carbon price would mean a sudden very strong price pressure in the first sector, forcing a fast transition there, while the carbon price in the second would be too low to cause fast changes for quite some time.
The first is correctly stated-->
Read 11 tweets
#EUCO leaders have talked through the night on two contentious issues: sanctions against Turkey and raising the EU’s 2030 emissions reduction target.

On thé latter, we’re close to a deal but not quite there yet. Eastern countries want more money for the energy transition.
But they are still stuck on the 2030 climate target as Poland wields its veto, just as it did for the 2050 target.

Last time Poland was bypassed and the target was signed by all except Warsaw. Will they have to do that again now?
PM #Morawiecki says he’ll only drop his climate veto if #Poland can keep more profits from #EUETS emission trading, reportedly telling the other leaders he’ll lose his job if he returns to Warsaw without this concession (having caved on his #EUBudget veto threat last night).
Read 15 tweets
What does EU's impact assessment mean for the electricity sector? Well there's only 1 graph to really any insight, figure 46! #FitFor55...

STEP 1: Use a graph grabber to get the numbers! (the Commission will hate me for doing this!!!!)....…

By 2030: EU elec demand will only rise by 9-11%. Major electrification in transport+industry+heating is partly offset by major efficiency.

BUT by 2050 elec demand will more than double!

(this graph is derived from Commission graphs from figure 46!)

Reassuringly, there's little growth, except for power.

Power grows a little to 2030, then LOADS from 2050.

In figure 46 above, “other renewables” electricity increases by 100TWh by 2030 which might be bioenergy? I wonder what type that is?
Read 8 tweets
🟢 What is the State of the European Union #SOTEU debate? It's an important moment of #EU #democracy, when MEPs hold the @EU_Commission to account, checking on work done & the #FutureofEurope.

🎞️by @Europarl_EN

#NextGenerationEU #EUGreenDeal @boell_stiftung @boell_EU_USA
Read 25 tweets

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