BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//What Works - ECPv6.17.1//NONSGML v1.0//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
X-WR-CALNAME:What Works
X-ORIGINAL-URL:https://whatworksclimate.solutions
X-WR-CALDESC:Events for What Works
REFRESH-INTERVAL;VALUE=DURATION:PT1H
X-Robots-Tag:noindex
X-PUBLISHED-TTL:PT1H
BEGIN:VTIMEZONE
TZID:Europe/Berlin
BEGIN:DAYLIGHT
TZOFFSETFROM:+0100
TZOFFSETTO:+0200
TZNAME:CEST
DTSTART:20230326T010000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:+0200
TZOFFSETTO:+0100
TZNAME:CET
DTSTART:20231029T010000
END:STANDARD
BEGIN:DAYLIGHT
TZOFFSETFROM:+0100
TZOFFSETTO:+0200
TZNAME:CEST
DTSTART:20240331T010000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:+0200
TZOFFSETTO:+0100
TZNAME:CET
DTSTART:20241027T010000
END:STANDARD
BEGIN:DAYLIGHT
TZOFFSETFROM:+0100
TZOFFSETTO:+0200
TZNAME:CEST
DTSTART:20250330T010000
END:DAYLIGHT
BEGIN:STANDARD
TZOFFSETFROM:+0200
TZOFFSETTO:+0100
TZNAME:CET
DTSTART:20251026T010000
END:STANDARD
END:VTIMEZONE
BEGIN:VEVENT
DTSTART;TZID=Europe/Berlin:20240611T153000
DTEND;TZID=Europe/Berlin:20240611T170000
DTSTAMP:20240531T082635Z
CREATED:20240508T100820Z
LAST-MODIFIED:20240531T082635Z
UID:10000106-1718119800-1718125200@whatworksclimate.solutions
SUMMARY:The contribution of voluntary corporate commitments to reduce greenhouse gas emissions in the context of EU-mandated policy instruments
DESCRIPTION:Companies in the European Union are subject to regulation through both the Emissions Trading System (ETS) and the Effort Sharing Regulation (ESR). In addition\, they commit to voluntary climate targets. In this way\, they not only support domestic mitigation\, but also demonstrate social responsibility\, address potential cost increases\, and mitigate risks. Gaining a better understanding of the interaction between government-led climate policies and voluntary corporate commitments could provide valuable insights into the progress and ambitions of companies. This assessment helps determine whether their goals are in line with EU policies and the Paris Agreement. \nTo explore this\, we assessed the 2030 emissions reduction targets of EU companies with approved targets by the Science Based Targets Initiative (SBTi) for the year 2020 and compared them with those outlined in ETS and ESR. Initially\, the interaction between the two EU policies and voluntary targets was examined\, and subsequently emissions pathways were developed with and without voluntary targets to evaluate potential ambition. Our findings indicate\, that voluntary targets could contribute between 4-14% relative to the 2020 EU policies scenario. However\, the outcome heavily relies on the realisation of ETS reductions\, which currently function as a “waterbed”\, absorbing additional emissions reductions from companies that can be traded to others. To implement this effectively\, a separate fund safeguarding future emissions would need to be established. Furthermore\, the results suggest that\, in total\, these corporate reductions are at most in line with or marginally more ambitious than a 2 °C pathway by 2030.
URL:https://whatworksclimate.solutions/presentation/the-contribution-of-voluntary-corporate-commitments-to-reduce-greenhouse-gas-emissions-in-the-context-of-eu-mandated-policy-instruments/
LOCATION:H 0110
END:VEVENT
END:VCALENDAR