Update on Views for Paris: Policy Implications European Union

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Presentation transcript:

Update on Views for Paris: Policy Implications European Union

Joint fulfillment by all Member States (Art. 4 PA) Current NDC Submitted in March 2015 Joint fulfillment by all Member States (Art. 4 PA) GHG emissions reduction: 40% below 1990 by 2030 All GHGs outside Montr. Prot. ETS: -43% below 2005 Non-ETS: -30% below 2005 No international credits Uncertainty around LULUCF Climate Action Tracker: “Insufficient”

Emissions Trend Source: EEA, Nov. 2017

Assessment and Outlook Favorable trend 1990-2014, but recent setbacks >20% drop in emissions, >45% economic growth ~6.5 tCO2e per capita, lower than China IEA 3/2018: emissions increase of 1.5% in 2017 2030 Climate and Energy Framework Progress on EU ETS, but ongoing debate about non- GHG targets, Climate Action Regulation, Energy Union European Council 3/2018: Calls for 2050 Strategy Pressures on EU integration, shifting priorities Sibiu, March 2019: Summit on the Future of Europe Next EU NDC: German Presidency of the EU in S2/2020

Thank You! Center for Energy and Environmental Policy Research Massachusetts Institute of Technology (MIT) MIT Building E19-411  400 Main Street, 4th Floor  Cambridge, MA 02142-1017 🌐 http://ceepr.mit.edu ✉ ceepr@mit.edu 617-253-3551  617-253-9845