- Opening date
Why we are consulting
Public consultation on a measure to introduce further quality restrictions on the use of credits from industrial gas projects
All citizens and organisations are welcome to contribute to this consultation.
|Period of consultation|
From 25 August 2010 to 25 November 2010
|Objective of the consultation|
Statement by Commissioner Connie Hedegaard
Clean Development Mechanism: European Commissioner for Climate Action, Connie Hedegaard, asks her services to prepare a proposal for a measure to introduce further quality restrictions on the use of credits from industrial gas projects in the post-2012 EU ETS.
Connie Hedegaard, Commissioner for Climate Action said today:
"Europe has been the pioneer of the carbon market and operates the most advanced market world-wide. This has created a major stimulus for international credits generated by the Clean Development Mechanism (CDM). The CDM has been successful in some aspects but has also given rise to criticism, e.g. with regard to environmental integrity. As a first step towards a more advanced carbon market the CDM therefore needs a major overhaul.
In view of the difficult UN negotiations on market mechanisms the European legislator has created ample flexibility for the EU to leverage its role as the leading market for international credits in the climate and energy package.
The international debate has made it quite clear what changes to the CDM are needed (incl. institutional and administrative reform of the Executive Board, geographical balance) and also what successor mechanisms should be put in place to make the carbon market an even more powerful instrument to reduce emissions.
Since taking up office I have been approached by many actors in the carbon market stressing the importance of more clarity on what credits the EU ETS will accept post-2012. While I do understand this desire for more clarity, the business community also understands why Europe needs to preserve valuable leverage for the UN talks.
I strongly believe that it is time for decisions on how to strike the right balance between leverage and clarity. I have asked my services to prepare a proposal for a measure to introduce further quality restrictions on the use of credits from industrial gas projects in the post-2012 EU ETS. At this stage an impact assessment is done to carefully examine the best design of these restrictions.
I invite all interested stakeholders to provide feedback on design aspects of these restrictions".
|How to submit your contribution|
In the interests of transparency, the Commission asks organisations who wish to submit comments in the context of public consultations to provide the Commission and the public at large with information about whom and what they represent by registering in the Register of Interest representatives and subscribing to its Code of Conduct. If an organisation decides not to provide this information, it is the Commission's stated policy to list the contribution as part of the individual contributions. (Consultation Standards, see COM (2002) 704, and Communication on ETI Follow-up, see COM (2007) 127 of 21 Mar 2007)
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Responsible service: Directorate-General Climate Action
Postal address:European Commission
Directorate-General Climate Action
|Number of responses received to this consultation|
|View the contributions|
In the interests of transparency, organisations have been invited to provide the public with relevant information about themselves by registering in the Interest Representative Register and subscribing to its Code of Conduct. If the organisation is not registered, the submission is published separately from the registered organisations.
|Results of consultation and next steps|
|Protection of personal dataSpecific privacy statement|