Joint letter – ICC reform and expansion risks diverting ETS Revenues from real climate action
In light of the European Commission’s ongoing considerations to amend the ETS State Aid Guidelines, revising the rules for Indirec...
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Publish date: May 28, 2024
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Brussels, Belgium – The upcoming Commission’s mandate from 2024 to 2029 is already being hailed as the “mandate of implementation” for climate policy. While Europe stands at the precipice of a critical phase in the implementation of the Green Deal and with the European Elections one week away, Bellona Europa has just published its Roadmap for 2024-2029 “Climate infrastructure, science-based policy making and well-functioning markets for a net-zero Europe”.
As Europe transitions from planning to action, three key areas should be prioritised by the new Commission to achieve the European Union’s climate targets:
«Climate targets must be reached by industries leading this shift by actions rather than words, becoming global leaders and winners of low carbon production. As the world’s biggest single market, Europe can and must contribute to this race to the top, where its transitioning industries can compete in markets for decarbonised products. The EU can accelerate this, leveraging its economic pull to ensure climate impact is key criterion for traded goods and services.»
Jonas Helseth
Executive Director
Reaching the European target of being the first climate neutral continent by 2050 is not an ideological choice, but a global necessity. With the fight against climate change at the top of the global agenda, the European Union must build on the progress made in the past five years.
European industries need to lead this transition, becoming global leaders of low carbon production. By doing so, the EU will pave the way for the development of a global low-carbon market by making climate technologies more accessible globally, while simultaneously striving towards climate neutrality and beyond.
In light of the European Commission’s ongoing considerations to amend the ETS State Aid Guidelines, revising the rules for Indirec...
Bellona Europa, alongside the European Environmental Bureau (EEB), Carbon Market Watch, and ECOS, has submitted a joint statement to the EU Carbon Re...
The risks of a methodology that disregards its policy signals and fails to reward investments into clean technologies are too large to ignore. The EU cannot tell the market that continuing fossil-based steel will be rewarded.
A framework still in the making As a member of the European Commission’s Nature Credits Expert Group, Bellona joined the second meeting...
On 19 March, Bellona Europa, Oslo’s Climate Agency, Hafslund Rådgivning, and SINTEF hosted the concluding conference of the Powering-Up a REnew...
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