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Brexit: EU Parliament to set out its vision for future EU-UK relations

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Parliament’s political leadership has endorsed a draft resolution laying out a possible framework for future EU-UK relations after Brexit.

An association agreement between the EU and the UK could provide an appropriate framework for the future relationship, says a draft resolution endorsed by the Conference of Presidents (EP President and political group leaders). This relationship could be based on four pillars: trade and economic relations, foreign policy, internal security and thematic cooperation, for example on cross-border research and innovation projects. MEPs insist that it should include a consistent governance framework, with a robust dispute resolution mechanism.

The motion, prepared by the European Parliament’s Brexit Steering Group, stresses that the EU has binding common rules, common institutions and common supervisory, enforcement and adjudicatory mechanisms, to make it clear that even closely-aligned third countries with identical legislation cannot enjoy similar rights, benefits or market access to those of EU member states.

Any framework for the future relationship would need to respect the integrity of the internal market, customs union and four freedoms, without allowing for a sector-by-sector approach. It should preserve the EU’s autonomy of decision and legal order, including the role of the ECJ.

The draft resolution welcomes the Commission’s 28 February draft of the Withdrawal agreement and expresses support for the transitional arrangements proposed. It also reiterates the importance given to securing equal and fair treatment for EU citizens living in the UK and British citizens living in the EU.

Parliament’s President Antonio Tajani said:”As far as the European Parliament is concerned, the principles governing our future relations are clear: single market integrity must be preserved, a third country cannot be treated more favourably than an EU member state and a level playing field is essential. Working from these guidelines, we want to achieve the closest possible relationship between the European Union and United Kingdom. Brexit will not solve shared issues such as terrorism and security, for instance, so close cooperation in many areas will continue to be of mutual interest.

Brexit negotiations have reached a critical stage, yet essential issues over citizens’ rights remain unresolved and solutions maintaining an invisible border on the island of Ireland are not forthcoming. Any type of border would jeopardise the achievements of the Good Friday Agreement and I insist that this must absolutely be avoided.

With regards to the transition period, the European Parliament is also clear that we will not approve an agreement that discriminates against European citizens who arrive in the UK during the latter. The acquis communautaire must apply fully, including on citizens’ rights.”

EP coordinator for Brexit Guy Verhofstadt added: “In order to break the deadlock we now face, I believe it is important that the UK Government now seriously considers engaging with the European Parliament’s proposal for an association agreement, as catered for by Article 217 of the EU Treaty. I am convinced this will allow both the EU and the UK to unlock a lasting deep and special partnership for the future. ”

“We look forward to receiving some further clarifications from the British Government regarding citizen’s rights, as a number of outstanding issues remain unresolved. We do not accept the United Kingdom’s negotiating position that maintains discriminations between EU citizens arriving before and after the start of the transition period. We hope the British Home Office can come to Brussels to present their proposal for a registration system for EU citizens in the UK, in the search for a solution.”

Next steps

Members will debate the draft text with EU Commission President Jean-Claude Juncker and Chief negotiator Michel Barnier on Tuesday 13 March.  The resolution as voted will set out Parliament’s input ahead of EU heads of state or government summit, which is expected to approve the Council’s guidelines for negotiations on the UK’s future relationship with the EU. Any withdrawal agreement and future association agreement will need to win the approval of the European Parliament.

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Renewable energy investment in 2018 hit USD 288.9 billion

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Global investment in renewable energy hit USD 288.9 billion in 2018, with the amount spent on new capacity far exceeding the financial backing for new fossil fuel power, according to new figures published today.

These numbers, produced by BloombergNEF (BNEF), are being published today as part of REN21’s Renewables 2019 Global Status Report.

The numbers show that while investment was 11 per cent down over the previous year, 2018 was the ninth successive year in which it exceeded USD 200 billion and the fifth successive year above USD 250 billion. The figure does not include hydropower above 50MW, which saw an additional USD 16 billion invested – also down on 2017, when USD 40 billion was invested.

The dip in investment in 2018 can be partly attributed to falling technology costs in solar photovoltaics, which meant that the required capacity could be secured at a lower cost, and a slowdown in solar power deployment in China.

However, globally, solar was still the largest focus of investment, with USD 139.7 billion in 2018, down 22 per cent. Wind power investment increased two per cent in 2018, to USD 134.1 billion. The other sectors lagged far behind, although investment in biomass and waste-to-energy increased 54 per cent, to USD 8.7 billion.

The figures compare the amount invested in new renewable power capacity, which was USD 272.3 billion  globally in 2018 (excluding large hydro), with that in new coal- and gas-fired generating capacity, which was USD 95 billion.

China leads, Europe and developing countries rally

A geographical breakdown of the USD 288.9 billion figure for total renewable energy investment in 2018 shows that China led investment worldwide for the seventh successive year, at USD 91.2 billion. However, this was down 37 per cent from 2017’s record number, due to a number of factors including a mid-year change in the government’s feed-in tariff policy, which hit investment in solar power.

China also accounted for 32 per cent of the global total investment, followed by Europe at 21 per cent, the United States at 17 per cent, and Asia-Oceania (excluding China and India) at 15 per cent. Smaller shares were seen in India at 5 per cent, the Middle East and Africa at 5 per cent, the Americas (excluding Brazil and the United States) at 3 per cent and Brazil at 1 per cent.

If China is excluded, renewable energy investment in the developing world actually increased 6 per cent to USD 61.6 billion, a record high.

“When overall investment falls, it is easy to think we are moving backwards, but that is not the case,” Angus McCrone, Chief Editor at BloombergNEF, commented: “Renewable energy is getting less expensive and we are seeing a broadening of investment activity in wind and solar to more countries in Asia, Eastern Europe, and the Middle East and Africa.”

Investment in Europe jumped 39 per cent to USD 61.2 billion, the highest level in two years, driven largely by large on- and off-shore wind investments.

In the United States, investment edged up 1 per cent to USD 48.5 billion, the highest level since 2011, also driven by an increase in wind power financing.

Investment in the Asia-Pacific region (excluding China and India) increased 6 per cent to USD 44.2 billion, the highest level in three years, while the Middle East and Africa saw investment leap 57 per cent to a record USD 15.4 billion. However, in the Americas (excluding Brazil and the United States), investment declined 23 per cent (excluding large hydropower) to USD 9.8 billion. 

“It is reassuring to see investment growing in the US,” said Prof. Dr. Nils Stieglitz, President of Frankfurt School of Finance & Management, involved in the report, “Ironically, this renewables investment growth may in part be driven by projects rushing to qualify for the current tax-support scheme, which is due to expire in only a few years as chances for extension are currently quite low.”

A wealth of more detailed information on global investment in the financing of renewables in 2018 will be shared in the Global Trends in Renewable Energy Investment report, to be released in September ahead of the Global Climate Action summit of the UN Secretary-General. That report has been published every year since 2007. this year’s edition is co-funded by the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety. It will feature a look back on a decade of renewable energy investment.

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EU responses to climate change

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Fighting climate change is a priority for the Parliament. Below you will find details of the solutions the EU and the Parliament are working on.

Limiting global warming: a matter of 2°C increase

Average global temperatures have risen significantly since the industrial revolution and the last decade (2008–2017) was the warmest decade on record. Of the 17 warmest years, 16 have occurred since 2000.

Data from the Copernicus Climate Change Service shows that 2018 was also one of the three warmest years on record for Europe. The majority of evidence indicates that this is due to the rise of greenhouse gas emissions produced by human activity.

The average global temperature is today 0.85°C higher than at the end of the 19th century. Scientists consider an increase of 2°C compared to pre-industrialised levels as a threshold with dangerous and catastrophic consequences for climate and the environment.

This is why the international community agrees that global warming needs to stay well below a 2°C increase.

Why is an EU response important?

According to the European Environment Agency, the EU is the world’s third biggest greenhouse gases emitter after China and the US. The energy sector was responsible for 78% of EU greenhouse gas emissions in 2015. Common mitigation efforts are key as climate change affects all EU countries, even if not in the same way.

The Mediterranean region can expect more heat extremes and less rain, while countries in the continental region face higher risk of river floods and forest fires.

EU efforts are paying off. In 2008, the EU set the target to cut emissions by 20% compared to 1990 levels by 2020. It is well on track to reach this goal: in 2015 the level of greenhouse gas emissions in the EU represented a decrease of 22% compared with 1990 levels.

The EU and international climate policy

The EU is a key player in UN climate negotiations. In 2015, it ratified the Paris Agreement, the first universal agreement to combat climate change. Its goal is to mitigate climate change by maintaining the increase in global temperature at 1.5°C compared to pre-industrialised times.

Under the Paris Agreement, the EU committed to cutting greenhouse gas emissions in the EU by at least 40% below 1990 levels by 2030. It has put several measures in place to reach this target.

Cutting greenhouse gas emissions

The EU has put in place different types of mechanisms depending on the sector.

To cut emissions from power stations and industry, the EU has put into place the first major carbon market. With the Emissions Trading System (ETS), companies have to buy permits to emit CO2, so the less they pollute, the less they pay. This system covers 45% of total EU greenhouse gas emissions.

For other sectors such as construction or agriculture, reductions will be achieved through agreed national emissions targets, which are calculated, based on countries’ gross domestic product per capita.

Regarding road transport, in early 2019, the European Parliament backed legislations to reduce CO2 emissions by 37.5% for new cars, 31% for vans and 30% for new trucks by 2030

The EU also wants to use the CO2 absorption power of forests to fight climate change. In 2017 MEPs voted in favour of a regulation to prevent emissions resulting from deforestation and change of land use.

Addressing the energy challenge

The EU also fights climate change with a new clean energy policy adopted by the Parliament in 2018. The focus is on increasing the share of renewable energy consumed to 32% by 2030 and creating the possibility for people to produce their own green energy.

In addition the EU wants to improve energy efficiency 32.5% by 2030 and adopted legislation on buildings and household appliances.

EU funding for climate

Climate mitigation and adaptation goals are integrated into the EU’s main spending programmes. The EU agreed to make at least 20% of EU expenditure climate-related in 2014-2020, including the €3.4 billion LIFE environment and action programme.

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Clean Energy at Forefront of Fight Against Climate Change in Asia and Pacific

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The advancement of affordable and reliable clean energy is not only at the forefront of Asia and the Pacific’s development progress, it is also at the heart of the region’s development of resilient infrastructure and fight against climate change, participants at the Asia Clean Energy Forum (ACEF) 2019 heard today.

Co-hosted by the Asian Development Bank (ADB), the United States Agency for International Development, and the Korea Energy Agency, with the support of the International Energy Agency as the Knowledge Partner, ACEF 2019 is being held from 18–21 June under the theme “Partnering for Impact.” In line with this theme, the event is highlighting the need to focus on collaborative partnerships, ideas, and efforts that have market potential, with the goal of delivering tangible clean energy impact across the Asia and Pacific region.

Some 1,300 people will attend the event, including many from the private sector involved in clean energy development, as well as academicians, officials from governments, and representatives from nongovernment organizations and multilateral development banks. ACEF began in 2006 as an annual event to provide a platform for discussion and collaboration in promoting clean energy in Asia and the Pacific.

ADB President Mr. Takehiko Nakao participated in the opening panel discussion featuring Co-founder and Chief Scientist of the Rocky Mountain Institute Mr. Amory Lovins and Global Strategic Development Advisor and Member of the United Nations High-Level Panel on Women’s Economic Empowerment Ms. Fiza Farhan.

“A sustainable and secure energy supply remains essential as more than 350 million people still lack access to electricity in our developing member countries (DMCs). It is also a key part of the fight against climate change,” said Mr. Nakao. “People around the world are demanding affordable energy, clean air, and a more responsible approach to the environment. ACEF is a leading event in Asia and the Pacific that enables our DMCs and other participants to share their experiences and innovative ways to meet these critical demands.”

Through Strategy 2030, ADB has committed at least 75% of its operations to support climate change mitigation and adaptation efforts by 2030. Climate finance from ADB’s own resources will reach $80 billion for the period 2019–2030. Based on historical trends, ADB’s lending, equity, grants, and programs in support of renewable and energy efficiency could contribute significantly to this target.

ADB has also affirmed its commitment to advanced technologies in sustainable energy by launching its first innovation technology challenge, which will invite technology providers to submit proposals for grants from the High-Level Technology Fund which is supported by the Government of Japan to address energy related development challenges. This new modality aims to build partnerships with technology providers and accelerate innovative technology development and deployment in DMCs.

ACEF 2019 features five thematic tracks based on key elements of Strategy 2030: energy and livable cities; energy and water sustainability; energy and rural poverty alleviation; energy and innovative finance; and clean energy technologies. There will be 21 workshops focusing on a range of topics, including radical energy efficiency, hydro mini-grids, electric vehicles, the empowerment of women in the energy sector, renewable energy systems, the future of cooling, and the food–energy–water nexus.

ACEF 2019 will be limiting its carbon footprint by purchasing carbon credits to offset the travel related emissions of all participants. The event will also be paperless, with all program materials to be made exclusively available on ACEF’s website and mobile app.

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