EU Green Deal Might Not be Legislated by 2024 (4)

July 16, 2021 (LONDON): The European Commission said boosting the strictness of the region’s climate policy could take place later if legislation isn’t agreed and implemented by 2024, according to Hans Bergman, head of the unit, DG Clima, European Commission, speaking at an Argus carbon markets and regulation conference.

Bergman was asked about the timeline before the proposals presented on July 14 would be implemented. This is what he said (Warning: I didn’t find it really clear — I’m trying to make it slightly clearer here):

“I don’t really know but we have put here and there … the proposal of starting different elements 24 (2024) etc but that’s of course if the legislation is in place by then…for example the rebasing — it can be done differently if it (the implementation) starts later. And also on this new ETS, you know this proposed to start in 26 (2026) … so there are certain years we’re assuming that there would be adoption at certain time and giving also some time for implementation.”

An introductory period for a planned carbon border adjustment mechanism (CBAM) begins 2023.

On the CBAM, Bergman said it was important that nations around the world were seeking to make sure they didn’t face restrictions on their exports to the EU and that they were examining what climate policies they might put in place to avoid those restrictions. This has meant the CBAM plan, which would see some importers into the EU face a carbon price, is already having a global impact.

The EU won’t tolerate free riders on its climate policy, he said.

“In the EU we do a lot, and some don’t do anything and think that they can just profit from that.”

Bergman signaled the post-Brexit relationship between the EU and the U.K. may not be good enough for an immediate linking of their two carbon markets.

“One thing is to link and then the other thing is that once you link it’s like marriage, you have to keep together.”

(Adds Argus Tweet; updates with comments)

Photo by Julius Silver on Pexels.com

Link for some context: https://carrzee.org/2021/07/14/eu-carbon-price-whipsaws-as-timmermans-says-climate-success-requires-statecraft/

And here: https://carrzee.org/2021/07/14/smaller-surplus-to-trigger-supply-reduction-in-eu-carbon-market/

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s