CAKE at Business & Science Poland meeting

CAKE at Business & Science Poland meeting

CAKE at Business & Science Poland meeting

On 19 December 2024, Robert Jeszke, Deputy Director of IOSPIB and CEO of CAKE and KOBiZE, spoke as a panelist at the high-level debate “Competitiveness and… Climate Policy Outlook: Post-Baku and Post-US Election” organised by Business & Science Poland and Grupa Energa.

The meeting focused on the critical energy and climate challenges facing the new European Commission and other EU institutions, including the outcomes of COP29, EU climate diplomacy, the 2040 emissions reduction target and key mechanisms such as ETS2, the European Central Carbon Bank, as well as the role of the Polish Presidency in advancing these priorities.

The discussion, which was moderated by Dariusz Dybka of Business & Science Poland, featured (in addition to Robert Jeszke):

• Vaqif Sadıqov, Ambassador Azerbaijan to the EU
• Jake Werksman, DG CLIMA
• Grzegorz Grobicki, PL COP delegation
• Ursula Woodburn, CISL 
• Linda Kalcher, Strategic Perspectives 
• Roman Szyszko, ENERGA S.A.
• Magdalena Kamińska, ENERGA SA

Robert Jeszke reflected on the importance of aligning with Article 6 of the Paris Agreement, emphasising that the Baku framework ensures that emission reductions are internationally recognised, facilitating integration with systems such as the EU ETS. He pointed out that while the Baku Agreement is not perfect and requires further technical decisions, incorporating its principles into the ETS could create a more robust and inclusive carbon market. This integration would allow EU member states and regional partners to effectively reduce emissions while encouraging investment in green technologies. Robert Jeszke also highlighted that international offsets, including those from voluntary projects, could help reduce compliance costs and address emissions from hard-to-decarbonise sectors, making carbon markets more flexible and efficient. Morover, linking ETSs across regions increases market liquidity, leading to more competitive carbon pricing, technology transfer and lower overall compliance costs. He also referred to US climate policy. Donald Trump has announced his withdrawal from the Paris Agreement. Because it’s a big economy with big emissions and with a lot of opportunity for technology transfer to developing countries, global action may somehow be undermined or less effective, because other countries will have to take on those reduction targets that the United States has done so far.

You can read more about the above ideas in Robert Jeszke’s article.