ETS in Agriculture Stakeholders Roundtable

Description

The European Climate Law set the objective of cutting GHGs by at least 55% by 2030 compared to 1990 levels, and to become Net Zero by 2050. All EU sectors are expected to contribute. In June, the European Commission has been consulting on an EU climate target for 2040. A communication, accompanied by an impact assessment on this regard, will be published in 2024.
The consultation raises questions about the future role of the EU Climate Policy, including the contribution of land based and carbon removals in the agricultural sector. Agriculture is responsible for 13% of EU’s GHS1, and the sector’s emissions have not decreased since 2010. Following the example of the recent extension of carbon pricing to road transport and buildings, emission trading in agriculture could provide the right incentives to decarbonise this sector.
The European Court of Auditors has tasked the European Commission to come before December 2023 with a potential study to analyse the feasibility of extending emission trading to agriculture after 2030. The consultants in charge of developing this study opened a public consultation to stakeholders in June 2023. This meeting is intended as a brainstorming roundtable with a small group of invited stakeholders and policy makers to brainstorm on how feasible is pricing agricultural emissions and rewarding climate action in the land sector.

Period	22 Nov 2023
Held at	European Roundtable on Climate Change and Sustainable Transition (ERCST), Belgium
Degree of Recognition	International