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…

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1603703355787952128

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 🌟)

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1603704916614283264

Started this morning by inviting my fellow shadow rapporteurs for prep-breakfast! @MChahim @micha_bloss

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1603704923581190146

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

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

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1603708130520862722

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!

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1603782722715283458

Time to be bold!
https://www.di.se/hallbart-naringsliv/svara-forhandlingar-nar-utslappsrattshandeln-stramas-at/

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1603782863945703429

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!

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1603901046300057600

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!

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1603903601772204032

01:37 I now officially left the building- see you tomorrow!

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1603912576781484032

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

Meet the @RenewEurope superstar policy advisor @Wilhelm_Bargum 🙌🌟

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1604056222331985920

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)

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1604070307626901505

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

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1604070310273175553

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

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1604070313397846016

It will be a late night…

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1604122921169035264

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

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1604172996347772928

My time is almost up - looks like I’m losing! 😬

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1604196404423000064

A package on Europes future carbon markets is being created…

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1604215794015125506

Working with both hands. 🙌

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1604216722294067201

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!

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1604216729173110784

We are closing in…

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1604270663350484992

…back in plenary mode…

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1604278444786950146

01:55 - we have a deal!!

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1604279350836269056

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

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1604280055504699392

So incredibly proud of this team!!

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1604285053332295681

But mainly this team!!!! 🇪🇺❤️🙌🌟

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1604285604350640130

And also this team!!

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1604285907158310912

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! 🙌⚠️🌟🇪🇺🔥

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1604301011878903808

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…

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1604301014634487809

…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

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1604301017037901824

Ambition in the ETS1:
- The overall ambition level is increased to -62% of the emissions to reach Europe’s climate targets within the Paris agreement, this bring the EU:s overall climate target to above 57%!
- The LRF is updated 2 timed throughout the bidding phase

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1604301019592245253

- The EU Innovation fund is repackaged to include a larger scope for financing upscaling of innovations and new technologies and the size of the fund is increased (but unfortunately not so much we wanted)

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1604301022112907265

- Conditionality mechanism on free allocation: industries must fulfill conditions on energy efficiency and establish decarbonization plans in order not to lose 20% of free allocation
- Top-performers in industry are excluded from the cross-sectorial-correction-factor

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1604301024247832576

- Industry free allocation benchmarks are updated to 0,3 minimum levels

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1604301026802257920

CBAM & export:
The CBAM is phased in with a trajectory 2026-2034, reaching 48,5% at 2030, with a slow start but faster end-curve – this is a middle ground between Parliament and Council, but close to the renew priority of 50% by 2030.

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1604301029968707584

In order to protect industry from carbon leakage three different measures are taken on export rebates for industries.

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1604301032859009024

This all means that we are strengthening targets and ambitions for sectors already covered by the regulation, ensuring support measures for vulnerable households and safeguarding competitiveness in Europe's industries!

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1604301035257872384

You cannot like everything in a compromise, and I want to be honest. Many of these points are much weaker than I wanted, some elements added are 🤬 and many great policies were not added.

🐦🔗: https://n.respublicae.eu/emmawiesner/status/1604301037782736896