EU Council (member states) reaches agreement on general approaches relating to emissions reductions and their social impacts. Important step in getting to 55% emission reduction by 2030 (#FitFor55 package)
Via @KiraTaylor15consilium.europa.eu/en/press/press…
The Council agreed to keep the overall ambition of 61% of emissions reductions by 2030 in the sectors covered by the EU ETS (mainly industry and power generation), as proposed by the Commission. This means an annual reduction rate of 4.2%!
For sectors covered by the Carbon Border Adjustment Mechanism (CBAM), free allowances will be ended progressively, between 2026 and 2035. However, the Council accepted a slower reduction at the beginning and an accelerated rate of reduction at the end of this 10-year period.
The Council agreed to include maritime shipping emissions within the scope of the EU ETS, gradually introducing obligations for shipping companies to surrender emission allowances, i.e. a CO2 price.
The Council agreed to phase out free emission allowances for the aviation sector (intra-EU) gradually by 2027. The Council agreed to set aside 20 million of the phased-out free allowances to compensate for the additional costs of using sustainable aviation fuels (SAFs).
The Council agreed to establish a €59 billion Social Climate Fund to support vulnerable households, micro-enterprises and transport users, funded from a separate emissions trading system for the buildings and road transport sectors.
The Council agreed to a greenhouse gas emissions reduction target of 40% compared to 2005 for the sectors not covered by the ETS, namely domestic maritime transport, agriculture, waste and small industries, buildings and road transport.
The Council confirmed an overall objective of 310 Mt CO2 equivalent of net removals in the land use, land use change and forestry (LULUCF) sector in 2030 at EU level.
This covers the use of soils, trees, plants, biomass and timber.
The Council also agreed to introduce a 100% CO2 emissions reduction target by 2035 for new cars and vans!
Enabling drivers to recharge their vehicles across the member states will be ensured by the related revision of the deployment of an alternative fuels infrastructure (AFIR).
Next steps: Now that the Council has agreed its positions on the proposals, negotiations with the European Parliament can begin so as to reach an agreement on the final legal texts.
[And the EP is often tougher on climate action than the member states]
Frans @TimmermansEU, who led the development of the EC's #Fitfor55 proposals, is happy with progress made in the Council:
This is something for EUropeans to be proud of. Amazing progress for a group of 27 countries in a difficult period. Still not enough for our fair share in achieving the #ParisAgreement goals, so we'll need to keep improving.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
Netherlands has "the ambition" to end all imports of Russian gas, oil and coal by end of the year. @MinPres "This will require hard work, both on energy saving and on LNG".
Indeed, 8 months is not a lot of time; good to hear energy saving mentioned first now! Happy to help.
@MinPres Reading Dutch govt's letter to parliament on "independence of Russian oil, coal, and gas while maintaining security of supply". You can find it here: rijksoverheid.nl/binaries/rijks…
Headlines: 1) Firstly, we aim for energy conservation and accelerating the energy transition 2) In the short run, we need fossil-for-fossil too.
- Importing Russian coal will be completely ended within 4 months, thanks to the 5th EU sanctions package.
Dutch cable TV provider @ZiggoCompany delivered millions (guess) of TV boxes to Dutch homes that consume 260 kWh if you put/leave it on its most convenient (fast startup) standby setting.
A scandal, as Lisanne @lchavinga says.
In the 'rapid start' mode, it adds about 10% to the electricity consumption of an average household!
Go to the System menu, and put it in Eco-mode. Saves about 97%, and over €100 per year.
"Compensation mainly benefits the richest". Dutch govt measures to reduce taxes on energy mostly benefit higher income households, who use more energy. As anyone could've seen blindfolded from a mile away.
Richest 20% of Dutch households get €660 mln in govt support: €376 mln in tax cuts on gasoline and diesel, €284 mln on gas and electricity.
Poorest 20% get €242 mln in total.
And the world's fossil fuel producers get support too, by market prices staying higher.
Things changed. At around 1 €/kg, 'grey' hydrogen, from natural gas without carbon capture and storage, was cheap and hard to compete with.
At today's gas and CO₂ prices the cost of just the natural gas and CO₂ rights consumed amount to 6.5 €/kg.
More things changed. At 55-80 €/MWh, biomethane used to be expensive compared to natural gas, which cost 15-20 €/MWh, just a year ago.
Today, natural gas costs 115 €/MWh, and CO₂ rights needed to burn it add another 15 €/MWh.
But will it stay like this? For EU fossil gas prices: depends on continued or disrupted or halted supply from Russia. Hard to tell, but we do know that the market expects continued high prices for a few years, then a drop, but not to as low as they were.
Oops. New "climate protection foundation" turns out to be a Nordstream 2 façade. One SPD politician in the board, another that refused to check the transparent register, where Gazprom wasn't mentioned.
What is this with the SPD and Gazprom? Former Chancellor Schröder, friend of Putin, now has to be asked by his party to step down from his Russian oil & gas positions. m.faz.net/aktuell/politi…
Just 3 days ago, he was still trying to prevent tough sanctions against his paymasters.