Limiting Global Climate Change to 2 °Celsius

The way ahead for 2020 and beyond

Jos Delbeke

DG ENV

Director Climate Change &

Air

Energy for a changing world

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: An reduction objective of 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

Competitiveness“LISBON”

•Renewable energy•Energy efficiency•Carbon sequestration•Research and innovation•Emission trading

•International Dialogue•European stock management (oil/gas)•Refining capacity and energy storage •Diversification

•Internal Market•Interconnections (Trans-European networks) •European electricity and gas network•Research and innovation

•Clean coal•Carbon sequestration•Alternative fuels•Energy efficiency•Nuclear

Sustainable Development

“KYOTO” Security of supply„MOSCOW“

FULLY FULLY

BALANCED BALANCED

INTEGRATEDINTEGRATED

AND AND

MUTUALLY REINFORCEDMUTUALLY REINFORCED

THE CHALLENGETHE CHALLENGE

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% 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: 12

demonstration plants by 2015, aiming at near-zero emissions by 2020

Towards a European strategic energy technology plan

Key Objectives Climate Change and Energy Package

Recommendations by the High Level Group on Competitiveness, Energy and Environment Policies

Climate change is likely to have major negative global implications

Global temperature increase should not exceed 2°C Preference for a well functioning EU ETS as a central

instrument for GHG reductions Increase levels of certainty for investors Take into account the need for regulatory stability More harmonisation of allocation across the EU Advance the international policy framework post-

2012 Make significant contribution to further development

of a global carbon market, consider linking of EU ETS with compatible systems emerging in other countries