1. Ad Hoc Working Group on Article 3.9 of the Kyoto Protocol Battling global climate change - the EU’s perspective (Part II) Artur Runge-Metzger European Union

2. Ad Hoc Working Group on Article 3.9 of the Kyoto Protocol 3. Selected EU policies and actions

3. Ad Hoc Working Group on Article 3.9 of the Kyoto Protocol The EU’s Kyoto challenge until 2012 Source: European Commission

4. Ad Hoc Working Group on Article 3.9 of the Kyoto Protocol Sectoral trends (EU): 1990-2004/1990-2010

5. Ad Hoc Working Group on Article 3.9 of the Kyoto Protocol EU climate policies: The ‘broadbrush’ overview

6. Ad Hoc Working Group on Article 3.9 of the Kyoto Protocol Emissions trading: EU is implementing a company-based scheme since 1.1.2005 l CO 2 emissions from energy intensive industry above specific capacity thresholds (45–50 % of EU CO 2 emissions) l Around 10,500 installations m electricity generators m heat & steam production m mineral oil refineries m ferrous metals: production & processing m cement, lime glass, bricks and ceramics m pulp & paper sector

7. Ad Hoc Working Group on Article 3.9 of the Kyoto Protocol Use of Kyoto Mechanisms: Planned purchases by Member States (in addition to company use!) Almost 520 Million tonnes of CO 2 eq (2008-2012) Allocated resources thus far: € 2.7 billion Million tonnes of CO 2 eq. Austria35.00 Belgium42.00 Denmark22.50 FinlandAt least 3.0 Ireland18.50 Italy198.00 Luxembourg15.00 Netherlands100.00 Spain100.00 SwedenAt least 5.0

8. Ad Hoc Working Group on Article 3.9 of the Kyoto Protocol Carbon Market is taking off Source: World Bank/ IETA Sept. 2006

9. Ad Hoc Working Group on Article 3.9 of the Kyoto Protocol “Offsetting” alone cannot solve the climate change problem... If Annex I alone reduces emissions to zero... Global emission path compatible with 2°C

10. Ad Hoc Working Group on Article 3.9 of the Kyoto Protocol Still, the EU will not wait Estimates for full energy saving potential in the EU end-use sectors „Saving 20% by 2020“ results in annual savings of 780 Mt CO 2 in 2020 (twice the EUs Kyoto commitment)

11. Ad Hoc Working Group on Article 3.9 of the Kyoto Protocol The EU will not wait l Proposal to include aviation into the EU ETS (end 2006) l CO 2 and cars (end 2006) l Energy package (beginning 2007): renewables, biofuels, clean coal l EU ETS review (mid 2007) l CCS (2 nd half 2007)

12. Ad Hoc Working Group on Article 3.9 of the Kyoto Protocol Complementing carbon finance: The Global Energy Efficiency and Renewable Energy Fund (GEEREF) l Launched in early Oct 2006 l EU initial contribution of € 80 million over 4 years risk capital for local private sector l Mobilise between € 300 million – € 1 billion commercial capital l Potential to complement carbon finance

13. Ad Hoc Working Group on Article 3.9 of the Kyoto Protocol Work of the AWG l The EU is looking forward to constructively contributing to further work in the AWG l All issues of relevance to the consideration of further commitments for Annex I countries should be analysed l Make best use of time available to ensure that there‘s no gap before next commitment periods

14. Ad Hoc Working Group on Article 3.9 of the Kyoto Protocol Conclusions l Urgent need for joint global efforts to reduce GHG emissions in all major economies l Build on the Kyoto Protocol – improve as necessary – including deeper reductions by all developed countries – the EU is ready to do its part l All sectors (esp. bunker fuels and deforestation) and more gases should be included l Deploy and develop technologies on a larger scale l Cooperate in adapting to unavoided climate change

15. Ad Hoc Working Group on Article 3.9 of the Kyoto Protocol http://europa.eu.int/ comm/environment/ climat/home_en.htm