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21. What lessons can be learned from the EU emissions trading scheme?

Author:
Christian Egenhofer and Noriko Fujiwara
Publication Date:
02-2008
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
The EU emissions trading scheme (EU ETS) is designed to help EU member states achieve their commitments to limit or reduce greenhouse gas (GHG) emissions in a cost-effective way. It was not meant to work as a stand-alone tool but as part of the package of abatement measures across the board. It is a cap-and-trade system. Member states first impose caps on GHG emissions – initially only CO2 until 2012 – from installations in specified sectors, mainly the power sector and industry subsectors (e.g. steel, cement, glass, paper and pulp). Emissions from these sectors amount to 40% of total EU emissions. Next, they allocate allowances to installations. Each installation surrenders a number of allowances equal to the total emissions from that installation during the preceding year.
Topic:
Climate Change, Economics, and Environment
Political Geography:
Europe

22. Adaptation to Climate Change: Why is it needed and how can it be implemented?

Author:
Christian Egenhofer, Asbjørn Aaheim, Darryn McEvoy, Frans Berkhout, Reinhard Mechler, Henry Neufeldt, Anthony Patt, Paul Watkiss, Anita Wreford, Zbigniew Kundzewicz, and Carlo Lavalle
Publication Date:
06-2008
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
This Policy Brief provides a first overview of the state of ADAM research that was discussed during the first ADAM-CEPS seminar on 12 October 2007. It brought together academic experts, policy-makers and the civil society to discuss adaptation issues and (preliminary) ADAM research results.
Topic:
Climate Change, Environment, and Regional Cooperation
Political Geography:
Europe

23. The Demonstration Phase for Carbon Capture and Storage: The case for public support

Author:
Christian Egenhofer
Publication Date:
10-2008
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
Carbon capture and storage (CCS) is seen as a key technology, without which the achievement of EU and global climate change targets will be extremely difficult. In order to reach these targets, the EU aims to have CCS technology available on a commercial basis as of 2020, which adds a certain sense of urgency to the endeavour. To this end, in 2007, the European Council announced up to 12 large-scale CCS demonstration plants. No decision on possible public financial support has so far been taken.
Topic:
Climate Change and Energy Policy
Political Geography:
Europe

24. Climate Governance Post-2012, Options for EU Policy-Making

Publication Date:
11-2008
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
This brief focuses on three issues that are especially important in the long-term development of the climate regime: (a) the challenge of the fragmentation of negotiations and governance systems; (b) the challenge of steering and evaluating novel types of privatised and market-based governance mechanisms; and (c) the challenge of designing architectures for global adaptation governance. These three core issues of fragmentation, privatisation and adaptation can be related to the overarching need to define the architecture of the post-2012 regime – and of any subsequent regimes that may follow a Copenhagen agreement.
Topic:
International Relations, Climate Change, Energy Policy, Environment, Privatization, Treaties and Agreements, and Governance
Political Geography:
Europe

25. On the way to Copenhagen via Poznań: Preliminary thinking about a post-2012 climate deal

Author:
Noriko Fujiwara
Publication Date:
11-2008
Content Type:
Policy Brief
Institution:
Centre for European Policy Studies
Abstract:
The annual climate change conference (COP14/CMP4) will take place in Poznań, 1–12 December 2008. This Policy Brief aims at providing a brief assessment of where we are on the road from Bali to Copenhagen, thinking ahead of Poznań in relation to the current negotiating environment and exploring the possible nature of an agreed outcome to be reached in Copenhagen at the end of 2009.
Topic:
Climate Change, Environment, and Treaties and Agreements
Political Geography:
Europe and Bali

26. The Trade and Climate Change, Joint Agenda

Author:
Thomas L Brewer
Publication Date:
06-2008
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
Climate change, international trade, investment and technology transfer are all issues that have intersected in diverse institutional contexts and at several levels of governmental activity to form a new joint agenda. The purpose of this paper is to advance understanding of this joint agenda by identifying the specific issues that have emerged, the policies that have been adopted, especially in the EU and US, and the options that are available for further policy-making.
Topic:
Climate Change, International Cooperation, International Political Economy, and International Trade and Finance
Political Geography:
United States and Europe

27. Financial Impacts of Climate Change: Implications for the EU Budget

Author:
Christian Egenhofer, Arno Behrens, and Jorge Núñez Ferrer
Publication Date:
08-2008
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
This study focuses on the financial resources needed to fight global climate change and the implications for the EU budget. The authors apply four different methodologies to estimate global financing requirements and attempt to determine the resources that will be needed at the EU level to meet the EU's climate change objectives. The study analyses current climate change spending of the EU budget, identifies shortcomings and indicates possibilities for correcting them. It also assesses the potential of the EU emissions trading scheme (EU ETS) to raise additional resources to finance coordinated actions at the EU level aimed at fighting climate change. Finally, it provides three case studies of national public expenditure related to climate change in Germany, the United Kingdom and the United States.
Topic:
Climate Change
Political Geography:
United States, United Kingdom, Europe, and Germany

28. Adaptation to Climate Change in the European Union: Efficiency vs. Equity Considerations

Author:
Stine Aakre and Dirk T.G. Rübbelke
Publication Date:
09-2008
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
EU climate policy is based on GHG emissions reduction (mitigation), coupled with measures aimed at responding efficiently to the unavoidable consequences of climate change (adaptation). However, as the European Commission recently stated in its Green Paper on adaptation in Europe, there is still a need to develop an overall EU adaptation strategy. Moreover, such a strategy should take into consideration both efficiency and equity concerns. This study proposes a framework for EU adaptation policy that addresses both concerns and enables a transparent decision- making process. In the proposed scheme, universal weightings of the individual policy objectives have to be agreed upon prior to actual decision-making.
Topic:
Climate Change
Political Geography:
Europe

29. Financial Impacts of Climate Change: An Overview of Climate Change-related Actions in the European Commission’s Development Cooperation

Author:
Arno Behrens
Publication Date:
09-2008
Content Type:
Working Paper
Institution:
Centre for European Policy Studies
Abstract:
This paper analyses the variety of different external aid initiatives and financing mechanisms of the European Commission addressing climate change and development objectives, such as those stemming from the 2004 EU Action Plan on Climate Change and Development, from the Global Climate Change Alliance (GCCA) and those under the Thematic Programme for Environment and Sustainable Management of Natural Resources (ENRTP). The paper also outlines related Commission commitments with the European Investment Bank (EIB), the World Bank and the United Nations. While the European Commission has advanced a number of new initiatives, it seems that the complexity of responsibilities in the management of the current financing instruments requires organisational restructuring, a more transparent reporting mechanism and the development of better indicators to evaluate the impacts of those initiatives. Overall it appears that the Commission is just at the beginning of taking full account of climate change in development cooperation. Its contribution is rather limited in view of the financing needs related to climate change in developing countries, and innovative financing mechanisms should be sought together with member states and the private sector.
Topic:
Climate Change, Development, and International Organization
Political Geography:
Europe