Crises, Houses and Crises, Houses and lending policy lending policy Herman Sips October 16th 2008
Jun 20, 2015
Crises, Houses and Crises, Houses and lending policylending policy
Herman Sips
October 16th 2008
Courtroad
See you in court
Crises, what crisis?
The time is ticking
It may effect billions of people
It is a system crises
The costs of non-action are higher then the costs of action
We need a global respons
Our capital
Crises
planet
People: HJ
BodemFood, fibres
Renewable Non renewables
Abi
otis
ch
Sun, wind Fossils, minerals, metals
Profit: products, services ,physical stocks
Bio
tisc
h
Biobased economy
Flux-based economy Minerals-based economy
t4Footprint
5
Ecosystemservices
Space
1
2
3Energy
Natural capitaal Design
6Valuation
Opportunities
Clean Clever Competitive
Sustainable Industrial Policy/SCP
Natural Resource Strategy
Climate and Energy package
Toprunners
“It’s the environment stupid”
A new inconvenient truth?
Decouple neg.impacts from resource use from GDP-growth
Knowledge gathering, Pol.Assessment
Prioritisation
Targetsetting
Proposal Commission, jan 2008
Review EU ETS
Effort sharing non EU ETS
Directive on promotion of renewable energy (targets and trade)
Directive on carbon capture and storage (legislative framework, demonstration projects)
Proposal Commission
A EU wide cap (40% of all emissions, 28 billion Euro)
CO2 allowances available in 2020: 1720 Mt
- 21% compared to 2005 emissions
Can be adjusted to stricter target
Increase scope: aviation to be included
Harmonised allocations rules
Proposal: allocation
Basic principle for allocation is auctioning
Full auctioning power sector as of 2013
Partial free allocation to industry- in principle fased out by 2020
Report on carbon leakage by 2011 and make proposal if apprioate
Auctioning rights distributed to Member States: more rights to MS with lower GDP/capita
Earmarking of revenues??