Interviewed by the FSR team (Lea Heinrich and Chiara Canestrini), Simone Borghesi, Director of the FSR Climate area, and former Commissioner Andris Piebalgs share their insights from Baku, Azerbaijan, where they attended the 29th United Nations Climate Change Conference (COP29).

In this podcast episode, we speak to Professor Ignacio Perez-Arriaga, Interim-Director of the African School of Regulation, and Professor Simone Borghesi, Director of the Florence School of Regulation – Climate, about their expectations and assessments of the COP. Live from Dubai they share with us their main highlights and takeaways from the first days of the conference.
https://fsr.eui.eu/the-fsr-at-cop28-live-updates/

This podcast episode is an initiative of the African School of Regulation and the Florence School of Regulation. The interview was led by Chiara Canestrini, Lea Heinrich and Zita Ohikere.

One year after the first episode with Milan Elkerbout from CEPS (see link below), this new episode continues the discussion with him. The interview focuses on the reform of the European Union Emissions Trading System (EU ETS) agreed upon by the European Parliament and the Council in December 2022 and the extent to which the energy crisis and the high carbon prices affected the political deal reached.
Milan Elkerbout (CEPS) works as a Research Fellow and Head of the climate policy programme at CEPS, a think tank in Brussels. His research focuses on EU climate policy, particularly the EU ETS. Albert Ferrari, a Research Associate at FSR Climate, interviewed him.
The two questions covered in the podcast are:
– the most significant changes in the reform of the EU emissions trading system in the Fit for 55 Package;
– the growing concern about carbon prices’ distributional impacts and acceptability and how to tackle this issue.

More info:
– Elkerbout M. (2021), A tale of two prices: What higher energy costs and the ETS price mean for a just transition, CEPS Policy Insights n°2021-13:
https://www.ceps.eu/wp-content/uploads/2021/09/PI2021-13_Energy-costs-and-ETS-price.pdf
– What role for the EU ETS in the European Green Deal? | Milan Elkerbout (CEPS); Podcast episode Spot on Climate https://soundcloud.com/fsregulation-energy-and-climate/what-role-for-the-eu-ets-in-the-european-green-deal-milan-elkerbout-ceps
– Project LIFE COASE:
https://fsr.eui.eu/life-coase-project/

This episode of the podcast series Spot on Climate centres on the reform of the European Union Emissions Trading System (EU ETS) presented in the Fit for 55 Package, aiming at “Delivering the European Green Deal”. The interview with Milan Elkerbout from CEPS, a think tank in Brussels, aims to better understand the role of the European carbon market in supporting the EU to become carbon neutral by 2050. Until now, the EU ETS has been the cornerstone of the European climate policy, but to what extent will this persist? In July 2021, the European Commission proposed an extension of the scope and several amendments to the EU ETS functioning, along with other significant reforms such as the introduction of a border carbon adjustment.

Milan Elkerbout (CEPS) works as a Research Fellow in the Energy, Resources and Climate Change Unit. His research focuses on EU climate policy, in particular the EU ETS. He was interviewed by Albert Ferrari, a Research Associate at FSR Climate. The main questions covered in the podcast are:
– the most significant changes in the reform of the EU emissions trading system in the Fit for 55 Package;
– the implementation of the second ETS covering the emissions associated with fuel combustion in the sectors of road transport and building;
– the growing concern about the acceptability of carbon prices and how to tackle this issue;
– the proposed carbon border adjustment mechanism impacts on the EU ETS and carbon market integration.

More info:
– CEPS publications: https://www.ceps.eu/ceps-publications/?filter_units=26
– Project LIFE DICET: https://lifedicetproject.eui.eu/

This podcast is about the replicability of the project LIFE DICET in other policy areas at the European level. It focuses on how the European Union (EU) and its Member States could successfully extend emission trading to other sectors, such as fuel combustion for buildings and road transport, and how a project like LIFE DICET could help tackle this challenge.

In the podcast, Albert Ferrari from FSR Climate converses with Michael Pahle (PIK Potsdam) about LIFE DICET and the German experience to create an emission trading system (ETS) for the sectors of buildings and road transport. This discussion feeds into the current debates on a possible second EU ETS for these sectors, as proposed by the European Commission in the Fit For 55 Package.

Michael Pahle leads the Working Group on Energy and Climate Policy at PIK Potsdam, and he also is an active member of the LIFE DICET Core Expert Group. In 2021, he co-authored for Bruegel a policy contribution in favour of “A whole-economy carbon price for Europe and how to get there”.

The project LIFE DICET is co-financed by the EU LIFE Programme. It supports the EU and the Member States in the development and possible integration of carbon markets with five other ETS regulators, namely China, California, Québec, New Zealand and Switzerland.

More info:
– Project LIFE DICET: https://lifedicetproject.eui.eu/
– Edenhofer, O., M. Kosch, M. Pahle and G. Zachmann (2021) ‘A whole-economy carbon price for Europe and how to get there’, Policy Contribution 06/2021, Bruegel
https://www.bruegel.org/2021/03/a-whole-economy-carbon-price-for-europe-and-how-to-get-there/

This is a podcast about the replicability of the project LIFE DICET in other policy areas. It focuses on the development of a new mechanism of the Paris Agreement called internationally transferred mitigation outcomes (ITMOs).

In the podcast, Albert Ferrari from FSR Climate converses with Suzi Kerr about the replication and extension of LIFE DICET to foster cooperative approaches around ITMOs and the creation of climate teams. Suzi, Chief Economist of the Environmental Defense Fund, is an active member of the LIFE DICET Core Expert Group. She leads the project Climate Teams that aims to set up a new mechanism for international climate cooperation.

The project LIFE DICET is co-financed by the EU LIFE Programme. It aims to support the EU and the Member States in international cooperation to develop and integrate carbon markets with five other ETS regulators, namely China, California, Québec, New Zealand and Switzerland.

More info:

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This is a podcast of the series “Spot on Climate” of the Climate area of the Florence School of Regulation. In this podcast, Albert FERRARI discusses with Axel Michaelowa, Head of the Group on “International Climate Policy” at the University of Zurich and leading expert in the design of the market mechanisms of the Paris Agreement and the Kyoto Protocol.

The podcast episode explores how can we ensure that international carbon markets are in line with the long-term target of the Paris Agreement through three questions:
– what relevance will have the issue of double-counting in the upcoming talks about the Rulebook on Article 6 of the Paris Agreement?
– how could Emissions Trading Schemes (ETS) linking contribute to the achievement of the Paris objectives?
– how can carbon markets, especially the market-based mechanism under the Paris Agreement, fit in the Architecture established at the COP21, given the diversity of nature and targets in the Nationally Determined Contributions (NDCs)?

This is a podcast of the series “Spot on Climate” of the Climate area of the Florence School of Regulation. In this podcast, Research Associate Albert FERRARI discusses with Andrei MARCU, Founder and Executive Director of the European Roundtable on Climate Change and Sustainable Transition (ERCST). Andrei has been one of the corporate-sector pioneers in the area of climate change and carbon markets. ERCST leads an Informal Forum on Implementation of Article 6 of the Paris Agreement, which brings together negotiators in an informal discussion to contribute towards arriving at a common understanding in view of achieving the objectives of the Paris Agreement.

This episode focuses on Article 6 of the Paris Agreement, through a discussion on these issues:
– The different ways in which the Parties to the Paris Agreement can engage in international cooperation under Article 6,
– The stumbling blocks of the negotiation process in view of reaching an agreement on the Paris Rulebook,
– The roles the UK and Italy could play in clearing the way for an agreement at the next COP26,
– The implications of Article 6 for the linking of Emissions Trading Systems.

Visit ERCST Library on Article 6 https://ercst.org/article-6-library-2/
Read the IETA, UMD and CPLC Report https://www.ieta.org/resources/International_WG/Article6/CLPC_A6report_nocrops.pdf, September 2019

This is a podcast of the series “Spot on Climate” of the Climate area of the Florence School of Regulation. In this podcast, Research Associate Albert FERRARI continues the conversation with Peter VIS, Senior Advisor at Rud Pedersen Public Affairs and Senior Research Associate at the School of Transnational Governance. This second episode focuses on the design and implementation of the upcoming EU proposal for Carbon Border Adjustment Mechanism (CBAM), through a discussion on these two questions:

– What advice would you give to the European Commission in developing its proposal?
– Under what conditions could we do without it?

The European Commission will be presenting in June 2021 a proposal for a CBAM for certain imported products to reduce the risk of carbon leakage, which is the risk of companies transferring production to countries that are less strict about emissions. With a CBAM, the price of imports would reflect more accurately their carbon content. This would ensure that the EU’s climate objectives are not undermined by production relocating to countries with less ambitious policies.

Read the STG Policy Brief “A way forward for a carbon border adjustment mechanism by the EU”, Jos DELBEKE, Peter VIS, 2020, Cadmus
https://cadmus.eui.eu//handle/1814/69155
Catch up on the previous episode with Peter VIS on the rationale and challenges of the CBAM:
https://soundcloud.com/fsregulation-energy-and-climate/spot-on-climate-episode-1/s-enD0S62pN5J

This is the first podcast of the series “Spot on Climate” of the Climate area of the Florence School of Regulation. In this podcast, Research Associate Albert FERRARI converses with Peter VIS, Senior Advisor at Rud Pedersen Public Affairs and Senior Research Associate at the School of Transnational Governance. This first episode focuses on the rationale and the challenges behind the possible Carbon Border Adjustment Mechanism (CBAM) through a discussion on these two questions:

– What is the case for a CBAM?
– How might it work?

The European Commission will be presenting in June 2021 a proposal for a CBAM for certain imported products to reduce the risk of carbon leakage, which is the risk of companies transferring production to countries that are less strict about emissions. With a CBAM, the price of imports would reflect more accurately their carbon content. This would ensure that the EU’s climate objectives are not undermined by production relocating to countries with less ambitious policies. Listen to the interview, and stay tuned for the next episode with Peter VIS on the design and implementation of the CBAM in practice.

This is a podcast about the replicability of the project LIFE DICET in other carbon markets. The project LIFE DICET is co-financed by the EU LIFE programme and managed by FSR Climate. It supports the EU and the Member States in international cooperation for possible integration of carbon markets with 5 other ETS regulators, namely China, California, Québec, New Zealand and Switzerland.

In the podcast, Albert Ferrari from FSR Climate converses with Professor Duan Maosheng, Director of the China Carbon Market Center of Tsinghua University, about the replicability of the project in China. Duan is extensively involved in the design and operation of China’s carbon markets and is actively contributing to the project LIFE DICET.
More info: https://lifedicetproject.eui.eu/

Climate change is likely to modify significantly patterns of capital investments and constitutes both a risk and an opportunity for investors and financial institutions. A framework aligning the decisions of financial institutions with long-term climate goals is taking shape, and carbon intensive investments will likely face an increasing risk of being stranded. Within this framework, banks must be transparent and clear about how their products and services create value for their customers, clients, investors, as well as the environment. The Principles for Responsible Banking help banks to align their business strategy with society’s goals through ESG – Environmental Social and Governance – investments. The Principles provide the framework for a sustainable banking system, and help the industry demonstrate how it makes a positive contribution to society. They are accelerating the banking industry’s contribution to achieving society’s goals as expressed in the Sustainable Development Goals and the Paris Climate Agreement. The Principles were publicly launched and signed by 130 banks from 49 countries, representing more than USD47 trillion in assets, on September 22 on the eve of the United Nations Climate Action Summit 2019. Today’s seminar aims to highlight the strengths and weaknesses of the Principles, their alignment with the Paris Climate Agreement objectives, and to discuss their potential impact on the transition to a low-carbon economy.