The “intended nationally determinted contributions” (INDCs) submitted to the UNFCCC prior to the Paris Climate Agreement are estimated to reduce emissions in 2030 by up to 6 Gt, but additional 12 Gt would be required to close the emissions gap.
As in previous years, the UNEP Emissions Gap Report has analysed the current gap between emission levels consistent with the 2°C climate target and emissi...
Today, Ecofys launches a new model which is able to calculate the financial impact of the EU Emissions Trading System (EU ETS) on industrial sectors in the period 2021 – 2030. The model, termed Ecofys EU ETS Carbon Cost Calculator (E3C3), contains detailed sector-by-sector data on direct and indirect emissions, production levels, free allocation and financial compensation, using most recent data a...
Using a lower discount rate for energy efficiency measures for households and private cars in the Impact Assessment of the European Commission could have produced a more ambitious energy efficiency target. Based on an earlier study that had found the discount rates in energy system modelling for the European Commission often being too high, a new paper calculates the energy system costs using a 10...
The Saudi Arabian response to a strong Paris Agreement that reduced C02 emissions would be, paradoxically, to weaken its own climate commitments, the Climate Action Tracker said today.
Saudi Arabia’s climate plans (Intended Nationally Determined Contribution, or INDC), submitted to the UN earlier this month, state that if the consequences of the Paris agreement were to create an “abnormal burden”...