1. The European Climate Change Programme
Seminar of Governmental Experts, May 2005, Bonn
A presentation on behalf of the EU
Artur Runge-Metzger
European Commission

2. The EU’s Challenge: EU-15 projected progress towards Kyoto Commitments
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05/07/2018
The EU’s Challenge: EU-15 projected progress towards Kyoto Commitments

3. The EU’s Response: European Climate Change Programme (ECCP)
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05/07/2018
The EU’s Response: European Climate Change Programme (ECCP)
Objective
Identify and develop cost effective elements of EC strategy to meet the EU’s Kyoto target in cooperation with stakeholders
Major Milestones
Launch March 2000; October 2001: EC commitment on concrete Action Plan supplementary to Member States’ efforts
2004: new legislation largely put in place, wide policy mix
New phase in 2005 (e.g. review, energy efficiency, aviation, CCS, adaptation)
Major Achievements
EU Measures currently “in implementation”: potential of Mt CO2eq./year (equals Kyoto target for EU-15)

4. EU Emissions Trading: operational since 1st January 2005
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05/07/2018
EU Emissions Trading: operational since 1st January 2005
a new, market based instrument, covering close to 50% of EU-25 CO2 emissions – the largest ever implemented
taps on the market dynamics and innovation capacity of the industrial sectors, reduces Kyoto compliance cost
covers major energy intensive industries, in total installations
approximately 2 billion allowances per year ( )  total value of allowances: 32 billion € at current prices
linking with JI/CDM: direct access of credits to EU ETS
linking with other domestic schemes enabled through current regulatory framework

5. EU Emissions Trading: Price & Traded Volumes in the EU ETS
Source: Point Carbon's Carbon Market Daily

6. More information on EU climate change policy