International Credits and Post-2030 National Climate Targets

About this webinar

The revised European Climate Law sets a 2040 climate target of 90% net reduction in greenhouse gas emissions relative to 1990 levels, with up to 5% to be met through the limited use of high-quality international credits under Article 6 of the Paris Agreement from 2036 to 2040. This is a significant shift in EU climate policy, and it raises difficult questions. How can the EU ensure high-quality and appropriate volumes of international credits, while protecting the environmental integrity and the coherence of its broader climate policy framework? The answers are taking shape now. Negotiations in Council and the European Parliament on the role of international credits in the EU Emissions Trading System (EU ETS) are moving fast. By early next year, the European Commission is expected to present a legal framework laying out the details of the purchase and use of international credits, alongside a proposal on national climate targets and flexibilities. This 90 minute webinar, hosted by Clean Air Task Force (CATF) and CONCITO, convenes the European Commission, leading policymakers, and experts to unpack what we can and should expect from the upcoming proposals. Building on the joint report, More than a buyer: Key features for centralised purchasing of international credits in the EU, the discussion will focus on how the upcoming proposals can set effective rules and safeguards for the use of international credits as a limited flexibility under national climate targets. The session will: Take stock of current negotiations on the role of international credits in the EU ETS, and discuss the implications for national targets and potential flexibilities. Explore how the upcoming proposals can set effective rules and safeguards for the use of international credits as a limited flexibility under national climate targets. Discuss how the risk of overreliance and underdelivery of international credits can be managed to protect the integrity of the EU’s climate policy framework. Foster an interactive exchange across policy, science, and civil society perspectives.