German Emissions Trading Authority (DEHSt): reports, research and international activities (05)
Dear Readers,
The year 2023 showed great momentum in the promotion of measures and instruments to combat climate change, and all indications are that 2024 will continue to play a central role in this regard.
At EU level, the past year was dominated by reforms under the EU's ‘Fit for 55’ package, which provided for an unprecedented comprehensive overhaul of the EU's climate and energy policy framework. The EU Emissions Trading System 1 (EU ETS 1), the central instrument for emissions reduction within the EU, was fundamentally reformed, and a separate emissions trading system for the buildings and transport sectors (EU ETS 2) and the introduction of the Carbon Border Adjustment Mechanism (CBAM) were adopted. Against the backdrop of these recent reforms, the German Emissions Trading Authority (DEHSt) at the German Environment Agency (UBA) has published several papers and reports, to which we would like to draw your attention in this issue of the newsletter.
At the international level, COP 28 promoted the full launch of the Climate Club as an ambitious intergovernmental forum for enhanced cooperation and collective action to accelerate climate action and raise climate ambition among nations and regions. A particular focus of this new global platform will be on decarbonization efforts in the industrial sector. The further development of this ambitious initiative will certainly be followed closely. Naturally, UBA and its specialist sections are involved in this highly topical development and are conducting research to contribute findings in the near future.
I wish you an enjoyable read and, above all, a happy, healthy and peaceful New Year!
Yours faithfully,
Dr Jürgen Landgrebe
Head of the German Emissions Trading Authority at the German Environment Agency