“GO2’50. Climate. Society. Economy” vol. 5

“GO2’50. Climate. Society. Economy” vol. 5

“GO2’50. Climate. Society. Economy” vol. 5

We bring you the fifth issue of our publication “GO2’50. Climate. Society. Economy” prepared by The National Centre for Emissions Management (KOBiZE) and the Centre for Climate and Energy Analysis.

  GO2’50. Climate. Society. Economy vol. 5 (11.3 MiB, 40 hits)

Articles:

• CO2 market in the EU ETS: outlook and EUA price projection for 2025.
• What do we know about the Carbon Border Adjustment Mechanism (CBAM) after one year
  of its operation? 
• Challenges of transformation in district heating sector.
• Free allocation rules for installations in the Emissions Trading System.
• Rules for participation of shipping companies in the EU ETS system.
• Everything you’d like to know about ETS2 but don’t know how to ask.
• ETS2: Opportunities and Challenges for Poland in the Context of Energy Transition and
  EU Climate Goals.
• CO2 Emission Costs in Transport and Buildings Under ETS2 in Poland Until 2050.
• Economic impact of the European Commission’s proposed 2040 GHG emission reduction
  target.
• Organic farming – a solution to the Planet’s problems or a dead end in development? 
• Challanges of the Ukraine’s integration into EU ETS.
• The role of transparency in the implementation of the Paris Agreement.

Each successive edition confirms how broad and multidimensional the impact of climate policy is on the economy, society and the day-to-day functioning of different sectors. Changing regulations, new mechanisms and tools to reduce greenhouse gas emissions pose numerous challenges to businesses and governments, but also open up space for analysis and the search for the best solutions.

In the latest issue, we look at the future of the EU ETS CO2 allowance market and assess the CO2 border price adjustment mechanism (CBAM), which, after one year of operation, is generating much debate. We also discuss extremely important issues related to the transformation of district heating, especially in countries such as Poland, where this process is proving to be extremely difficult and complex. In this context, we analyse the possible paths of change and their consequences for the market and society.

One of the key areas of this issue is the European Union’s climate and energy policy, which is constantly evolving and becoming increasingly complex. Both existing mechanisms and those yet to be implemented or planned are subject to change. We discuss in detail the new rules for the free allocation of EU ETS allowances and the new monitoring, reporting and verification obligations that will cover the shipping sector. We also bring you up to date on the new Emissions Trading Scheme for Buildings and Road Transport (ETS2), analysing its principles of operation and the potential opportunities and threats it brings for Poland in the context of the energy transition.

We also do not forget about agriculture – a sector that is at the intersection of two challenges: the growing demand for food and the need to reduce the negative impact on the climate and the environment. Is organic farming the right direction in this situation? This is the question the authors of one of the articles try to answer by looking at the real effects of the regulations being implemented and their consequences for producers and consumers.

The development of EU climate policy entails not only regulatory changes, but also concrete economic impacts. In this issue, we address the impact of the European Commission’s proposed 2040 GHG emissions reduction target, analysing its implications for the competitiveness of European markets and the potential costs for consumers. Given Poland’s upcoming presidency of the EU Council in the first half of 2025, the discussion around these issues takes on particular importance.

In the context of global climate negotiations, we cannot overlook the role of transparency in the implementation of the Paris Agreement, which is crucial for the effectiveness of international action. We also look at the process of integrating Ukraine’s climate policy into the EU ETS, analysing what challenges and opportunities this brings for both sides.

Each new year brings new climate, energy and economic challenges. In this latest issue, we try to capture the most relevant ones, providing solid analysis and expert commentary.

We invite you to read on!