1. Energy for a changing world
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04/06/2018
Limiting Global Climate Change to 2 °Celsius The way ahead for 2020 and beyond
Jos Delbeke
DG ENV
Director Climate Change & Air

2. Key Objectives Climate Change and Energy Package
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04/06/2018
Key Objectives Climate Change and Energy Package
Meeting the 2°C objective (Top down):
EU: In the international negotiations set forward the GHG reduction target of 30 % by 2020 for developed countries (compared to 1990 levels).
EU: A firm independent commitment to achieve at least 20% GHG emission reductions by 2020 (compared to 1990)
Tools (Bottom up):
“An Energy Policy for Europe”
GHG policies including Emissions trading
Global carbon market

3. Key Objectives Climate Change and Energy Package
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04/06/2018
Key Objectives Climate Change and Energy Package
An Energy Policy for Europe:
New steps to reach internal market - options for unbundling and regulatory powers:
important for functioning EU ETS
decrease hurdles for renewables
Renewable Energy 20% mandatory objective by 2020
differentiation of targets necessary between countries
flexibility in target setting within a country between sectors
Includes biofuels target of 10% by 2020
Nuclear: member states’ choice
Sustainable power generation from fossil fuels: aiming at near-zero emissions by 2020
Towards a European strategic energy technology plan

4. Global Participation The 2C objective:
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04/06/2018
Global Participation
The 2C objective:
Global GHG emissions need to peak around 2020
EU & Developed countries:
30% GHG emission reduction target by 2020, compared to 1990 levels
Developing countries:
Reduced growth asap, absolute reductions after 2020
Deforestation: halt within two decades and then reverse

5. &file
04/06/2018
Global carbon market
Firm independent target defines floor in EU ambition level = long term signal for investors in the Emission Trading System
Review EU ETS and link it to compatible systems
Global emissions peak around 2020: global carbon market decreases investment costs with a factor 3.
Proposals to increase market signals in developing countries:
Improved CDM & no-loose targets
Sectoral approaches
Improved access to financing (e.g. Global Energy Efficiency and Renewable Energy Fund)
INVESTMENT COST GLOBAL GDP

6. &file
04/06/2018
Sound Economics
“Winning the Battle” & Stern Review: benefits of limiting Climate Change outweigh costs of action
Costs of inaction: 5-20% of global GDP (Stern Review)
Costs of action for the EU (2030):
-30% target with global participation: -0,19% annualised GDP
-20% independent target: -0,02% to -0,09% annualised GDP
Does not include Co-benefits:
Increased energy security
Improved competitiveness through innovation
Health benefits from reduced air pollution
Limits on climate change

7. More information on the package
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04/06/2018
More information on the package
Climate change
Energy: