Crises, Houses and Crises, Houses and lending policylending policy

Herman Sips

October 16th 2008

Courtroad

See you in court

Crises, what crisis?

The time is ticking

It may effect billions of people

It is a system crises

The costs of non-action are higher then the costs of action

We need a global respons

Our capital

Crises

planet

People: HJ

BodemFood, fibres

Renewable Non renewables

Abi

otis

ch

Sun, wind Fossils, minerals, metals

Profit: products, services ,physical stocks

Bio

tisc

h

Biobased economy

Flux-based economy Minerals-based economy

t4Footprint

5

Ecosystemservices

Space

1

2

3Energy

Natural capitaal Design

6Valuation

Opportunities

Clean Clever Competitive

Sustainable Industrial Policy/SCP

Natural Resource Strategy

Climate and Energy package

Toprunners

“It’s the environment stupid”

A new inconvenient truth?

Decouple neg.impacts from resource use from GDP-growth

Knowledge gathering, Pol.Assessment

Prioritisation

Targetsetting

Proposal Commission, jan 2008

Review EU ETS

Effort sharing non EU ETS

Directive on promotion of renewable energy (targets and trade)

Directive on carbon capture and storage (legislative framework, demonstration projects)

Proposal Commission

A EU wide cap (40% of all emissions, 28 billion Euro)

CO2 allowances available in 2020: 1720 Mt

- 21% compared to 2005 emissions

Can be adjusted to stricter target

Increase scope: aviation to be included

Harmonised allocations rules

Proposal: allocation

Basic principle for allocation is auctioning

Full auctioning power sector as of 2013

Partial free allocation to industry- in principle fased out by 2020

Report on carbon leakage by 2011 and make proposal if apprioate

Auctioning rights distributed to Member States: more rights to MS with lower GDP/capita

Earmarking of revenues??