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Implications of the changed reporting requirements of the Effort Sharing Decision for the EU ETS and the national GHG inventory

This report analyses the technical provisions related to monitoring and reporting of greenhouse gas emissions under the EU ETS and the 2006 ⁠IPCC⁠ guidelines for national GHG inventories as of beginning 2014. Differences can lead to different reported ⁠CO2⁠ (equivalent) emissions under the EU ETS and in the GHG inventory. Some of these issues may also prevent inventory compilers from using verified emissions reported under the ETS directly for emission reporting in the national GHG inventory.

Economic opportunities of climate action

In 2015, the Paris Climate Agreement has created a new framework for fighting climate change. The world is set to become greenhouse gas-neutral by the middle of the 21st century. Global warming should be kept below two degrees Celsius or even limited to no more than 1.5 degrees Celsius. At the national level, all signatory countries are required to set binding goals and to take suitable action to reach them. In 2016 Germany adopted a long-term strategy in the form of the Climate Action Plan 2050. Against the backdrop of the Paris agreement Germany aims at greenhouse gas neutrality by 2050. The necessary international endeavours to reduce greenhouse gases lead to new export markets for climate-friendly goods and services. Climate change thus represents significant opportunities for the German economy. Along with additional export potentials, the German economy can profit from climate change in other ways: additional investments, extensive innovation effects, and lower costs through increasing efficiency. A comprehensive survey of the economic impacts of ambitious climate policy looks at these opportunities in detail. Three separate publications, summarized in this paper, intensively examine such important questions as: - What economic advantages has climate action already brought? - What future potentials result from the growing global market for goods for climate action? - What are the effects of an investment-oriented climate policy for the national economy? Quelle: Forschungsbericht

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