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ECF 2011 Annual Report - European Climate Foundation

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EU CLIMATE POLICIES<br />

Despite the economic crisis, we have held our ground: tightening<br />

of the ETS is actively discussed, discussions on longer term milestones<br />

are on-going. But especially in the current crisis we have to make<br />

fighting climate change a winning economic proposition.<br />

Stephen Boucher<br />

Programme Director<br />

LOOKING AHEAD<br />

2012 offers opportunities to shape regulations that will<br />

guide investments towards a clean economy, through<br />

and beyond the ETS. The <strong>ECF</strong>'s EU <strong>Climate</strong> Policies<br />

programme and its partners will continue to push for a<br />

strong carbon trading system by advocating for more<br />

ambitious results by 2020, by calling for clarity on the<br />

2030 emissions reduction trajectory, and by pressing<br />

for the withholding of excess emissions permits. These<br />

efforts aim to return the ETS to its place at the heart of<br />

EU climate policy.<br />

POLICY INITIATIVES<br />

• Binding EU targets<br />

Putting the EU on a path towards its official 80-95% decarbonisation<br />

target by 2050 through adequate EU and national targets, overarching<br />

climate plans and laws, and effective enforcement.<br />

• Financial levers<br />

Ensuring that policies at the EU and Member State levels encourage<br />

investment flows into low-carbon technologies and systems and support<br />

EU climate goals at the speed and scale required.<br />

<strong>ECF</strong> partners will also help strengthen supporting measures,<br />

such as the Energy Tax Directive up for revision in<br />

2012, and the 2014-20 EU budget. We will seize the opportunity<br />

to influence the EU budget so that climate priorities<br />

are brought into the mainstream and are reflected in<br />

the Connecting Europe Facility and in Cohesion Funds.<br />

With the support of business allies, the <strong>ECF</strong> and its grantees<br />

will promote the economic case for strong climate action<br />

as the only way to secure Europe’s prosperity and competitiveness<br />

over the short, medium, and long term.<br />

the British Medical Journal<br />

“The business community is required to demonstrate the feasibility of reducing carbon emissions by 90% till 2050 – now! The commitment of the <strong>ECF</strong> to prevent global<br />

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