ERCST

📌Yesterday, the European Roundtable on Climate Change and Sustainable Transition (ERCST) hosted the Stakeholder Roundtable "Future of #Emissions Trading in the EU: Price Signal and Competitiveness".

𝗧𝗵𝗲 𝗵𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:
✅ Competitiveness should be looked at from a broader perspective, where #climate and EU ETS have a key role to play.
✅ To ensure both an effective price signal and maintain #competitiveness of EU Industry, costs should not destroy industry viability in the EU. The carbon price should be high enough to push #decarbonisation, costs have to be partially socialised, trade measures put in place to address asymmetries in costs borne by the EU industry, and creating business case for long-term predictability.
✅ EU ETS must be adapted and complemented. It has to be adapted with CDRs, geographical expansion, new sectors, linking, MSR reform, Art 29a, regulatory predictability and good #governance. It has to be complemented with #CBAM for exports, international credits, support of CAPEX/OPEX, CCFDs, demand side measures, and social support.

There was an exchange of views with experts that presented their views and expanded on key issues, setting the scene for an in-depth discussion.

📅 Stay informed about our upcoming events 👉🏼 t.ly/ya6OM

📌 IT'S TOMORROW!

hashtag#CSRD hashtag#CSDDD | "Launch Event: Omnibus hashtag#Regulation: on CSRD and CSDDD"

📆 7 February - 10:00 - 12:00

🖥️Register online👉🏼t.ly/cE5K8

Last chance to register at the launch event of the ERCST paper, addressing key issues to be considered in the hashtag#Omnibus package, particularly in relation to the CSRD and CSDDD.

✅As the European hashtag#Commission prepares to unveil the “Omnibus Regulation” proposal on February 26, 2025, with President Ursula von der Leyen now directly overseeing the file, pressure is mounting from all sides – both within and beyond the EU, and from companies as well as governments.

The panel will include:

🟢Andrei Marcu, ERCST
🟢Michael Mehling, ERCST
🟢Benjamin Dartevelle, Direction générale du Trésor (French Treasury)
🟢Roy Shapira, European Corporate Governance Institute (ECGI) and Reichman University
🟢Justine Richard - Morin, Afep
🟢Vincenzo A. Conforti, Glencore
🟢Ana Ruiz, ERCST

🔎Read more 👉🏼t.ly/QaBIy
📅 Stay informed about our upcoming events 👉🏼 t.ly/ya6OM

🚨 A new ERCST publication is out 👇

🔹 "Reflection Note: Road Transport #decarbonisation: innovative policy approaches for competitiveness and investment"

✅The report identifies significant risks to #Europe’s industrial competitiveness under existing approaches to road transport #decarbonisation, which not only hinder investment in #automotive materials, #manufacturers and #energy suppliers, but also lead to significant lost opportunities for developing a market for low #carbon products.
✅The publication underscores the urgency for policymakers to adopt a holistic approach, balancing #environmental goals with economic realities. Failure to act risks irreversible industrial decline and undermines the EU’s efforts in achieving a sustainable transition.

🔸 “It is important to note that this paper does not propose a reduction of ambition; the essence is take stock, and then propose better use of the high implied carbon price signals (around €500/tonne CO2) in vehicle regulation to create a wider scope of industrial investments, leading to wider supply of CO2 reductions for compliance”, said Andrei Marcu, Executive Director of ERCST

🔸 “The European Vehicle CO2 policies were initially highly effective promoting vehicle efficiency, but now appear to have unexpected, undesirable effects.  With methodology established well over two decades ago, these CO2 regulations now have stark inconsistencies with corresponding policies for aviation and shipping.  Given the growing concern over European de-industrialisation, it is timely to consider a ground-up review of how road transport CO2 regulation drives industrial competitiveness, investment and choices for citizens.  This new work of ERCST provides a forum for exactly this”, said John Cooper, Senior Fellow of ERCST.

📄Read the publication here 👉t.ly/X8qXW

📌 LAUNCH EVENT

#CSRD #CSDDD | "Launch Event: Omnibus #Regulation: on CSRD and CSDDD"

📆 7 February - 10:00 - 12:00

🖥️Register online👉🏼t.ly/cE5K8

Register now at the launch event of the ERCST paper addressing key issues to be considered in the #Omnibus package, particularly in relation to the CSRD and CSDDD.

✅As the European #Commission prepares to unveil the “Omnibus Regulation” proposal on February 26, 2025, with President Ursula von der Leyen now directly overseeing the file, pressure is mounting from all sides – both within and beyond the EU, and from companies as well as governments.

The panel will include:

🟢Andrei Marcu, ERCST
🟢Michael Mehling, ERCST
🟢Benjamin Dartevelle, Direction générale du Trésor
🟢Roy Shapira, European Corporate Governance Institute (ECGI) and Reichman University
🟢Justine Richard - Morin, Afep
🟢Ana Ruiz, ERCST

🔎Read more 👉🏼t.ly/QaBIy
📅 Stay informed about our upcoming events 👉🏼 t.ly/ya6OM

📌 IT'S TOMORROW!

#CCUS | "Launch Event: Unlocking CO₂ Storage Opportunities Outside the EU – Policy Challenges and Business Prospects"

📆 28 January - 15:00 - 16:30

👥Register in-person 👉🏼t.ly/nyCKk
🖥️Register online (if located outside Belgium) 👉🏼t.ly/-ltWn

Last chance to register at the launch event of the ERCST report on the ‘Unlocking #CO2 Storage Opportunities Outside the #EU – Policy Challenges and Business Prospects’.

🎯𝗠𝗮𝗶𝗻 𝗾𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀
✅What are the legal and policy challenges associated with storing CO₂ #emissions produced within the EU in countries outside the EU?
✅Is it possible to develop a compelling #business case for the storage of EU-generated CO₂ in non-EU territories?

The panel will include:

🟢Andrei Marcu, ERCST
🟢Toby Lockwood, @cleanaircatf
🟢Caterina De Matteis, @IOGP_EU
🟢Aymeric Amand, @EUCarbonCapture
🟢Stefano Miriello, Carbon Capture and Storage Association
🟢Bruno Gerrits, @GlobalCCS
🟢Marino Varricchio, ERCST

🔎Read more 👉🏼bitly.cx/SlVZ
📅 Stay informed about our upcoming events 👉🏼 t.ly/ya6OM