Now the 2 day jumbo-trialouge on EU:s climate package (ETS/CBAM/SCF) has officially started! 🇪🇺💪 I will give small hints and possible updates here!

Nu har slutförhandlingarna om EU:s klimatpaket dragit igång! Uppdateringar sker löpande…

🐦🔗: n.respublicae.eu/emmawiesner/s

The liberal @RenewEurope delegation are the only Swedes negotiating in the room 🇸🇪

(the incoming presidency are here for monitoring purposes - and we dearly miss @JytteGuteland who is now replaced by her rock star colleague @MChahim 🌟)

🐦🔗: n.respublicae.eu/emmawiesner/s

Now: first round of statements on ETS1 ambitions by Council and Parliament.

Will be followed by first round of compromises by the Commission.

🐦🔗: n.respublicae.eu/emmawiesner/s

15:30 the ETS team had a lunch/dinner break while the SCF team do their rounds. We continue 18:00 with shadows meeting and 18:30 next round of trialogues!

🐦🔗: n.respublicae.eu/emmawiesner/s

As we are still far from a deal - we decided on an early night today to get some sleep ahead of tomorrows final rounds. Therefore I’m now, at 00:47 entering (what I believe is) my last meeting of tonight!

🐦🔗: n.respublicae.eu/emmawiesner/s

Today A LOT of positions have moved and we have achieved a surprisingly big amount of progress. At some point we even saw the finishing line tonight - but then we realized we still hadn’t discussed the funds 🙃 so… soon it is time for a break!

🐦🔗: n.respublicae.eu/emmawiesner/s

Follow

Shadows meeting in Parliament ahead of next round in the trialogues! Today is the day people!

Meet the @RenewEurope superstar policy advisor @Wilhelm_Bargum 🙌🌟

🐦🔗: n.respublicae.eu/emmawiesner/s

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So, what is at stake??

On ETS1:
- the phase out curve of free allocation (CBAM)
- the overall ambition/emission curve (LRF & rebasing)
- the function of MSR (removing emissions at certain thresholds)
- the inclusion of waste in ETS
- free allocation to industry (benchmarks)

🐦🔗: n.respublicae.eu/emmawiesner/s

On the funds:
- the size of the innovation fund
- the name (!) and scope of the innovation fund
- should fossil energy be financed in modernization fund (?!)
- the financing of the social climate fund

🐦🔗: n.respublicae.eu/emmawiesner/s

On ETS2:
- will there be an ETS2?!
- can we introduce a price stability mechanism (PSM - yes, I namned it) to stabilize the price
- an emergency break
- the starting date
- a cost pass through mechanism

🐦🔗: n.respublicae.eu/emmawiesner/s

Sometimes it is time for ETS negotiations and sometimes it is just time for pancakes with your advisors!

🐦🔗: n.respublicae.eu/emmawiesner/s

The political groups in the parliament all have to agree on the content of the deal = many aspects to consider! Right now the deal covers ETS1+ETS2+SCF+CBAM - but still a long way to go, the night is young!

🐦🔗: n.respublicae.eu/emmawiesner/s

⚠️ ETS - CBAM - SCF ⚠️
We have a deal for Europe’s climate policy in the future decade!!

🐦🔗: n.respublicae.eu/emmawiesner/s

The main elements of Europe’s future climate policy:

75 % (!!) of Europe’s emissions will be covered by carbon pricing!

This is a big towards a global price on carbon and a functioning market-based system to reduce all emissions! 🙌⚠️🌟🇪🇺🔥

🐦🔗: n.respublicae.eu/emmawiesner/s

Sectors included:
Maritime: inclusion 2025: 40%, 2026: 70%, 2027: 100%.

Waste incineration (and other waste treatments): included in MRV 2024, review by 2026 with legislative proposal to include waste by 2028.

Road transports and buildings: Included from 2027 but…

🐦🔗: n.respublicae.eu/emmawiesner/s

…in order to protect households the following measures are being taken:
- Emergency break (€106/MWh)
- Price Stability Mechanism triggered at the price of 45€/ton
- Social Climate Fund frontloaded from 2026

🐦🔗: n.respublicae.eu/emmawiesner/s

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