Agnese Ruggiero

Associate Policy Director @carbongap Tweeting about climate, carbon removals but not only. Views expressed here are my own.

[EU Tax & Customs 🇪🇺 @EU_Taxud]

🌍Climate change is a global problem demanding global solutions.

As of 1 October, the 🇪🇺 #CBAM will help deliver.

CBAM will encourage greener industry worldwide & prevent EU industry moving to countries with lower green standards.

More info 👉 https://t.co/X0xvUaMML0

[Carbon Gap @CarbonGap]

🗝️ The 2040 climate target is the key milestone on the path towards #ClimateNeutrality, but it cannot be achieved without full integration of #CDR.

Our contribution to the recent European Commission's public consultation on the topic. 👇
https://t.co/jnLEYkOtvL

[Responsible Companies | Frank Bold @purposeofcorp]

This month, the Carbon Border Adjustment Mechanism came into force.

We are discussing this development with one of its key advocates 🎙️

Hear all you need to know about the #CBAM, including its links to ETS, impact on developing countries and more!
👉 🎧 https://t.co/AvDB6ot86P

[Carbon Market Watch @CarbonMrktWatch]

MEPs also gave their final approval to the Carbon Border Adjustment Mechanism (#CBAM). This instrument has the potential to bolster decarbonisation in the EU and beyond but is undermined by freebies to industry and slow phase in.

#LifeETX
https://t.co/kWNar43tog

[CAN EUROPE @CANEurope]

@EU_Commission @EUCouncil @Europarl_EN 🧐In recent years, companies such as ArcelorMittal have received a lot of public money to transform their industries.

🤔Instead? The company used some of the 4.7 billion to keep on polluting as usual.

👉Read @Disclose_ngo to know more

[Carbon Market Watch @CarbonMrktWatch]

Although the EU's Industrial Emissions Directive (IED) reduces air pollution, it suffers one enormous climate blind spot: it does not address greenhouse gases.

The EU must rectify this and turn the IED into an effective climate tool, writes @theagnese
https://t.co/FxL9tdhYIW

[Carbon Market Watch @CarbonMrktWatch]

Hot off the press: The 2023 Corporate Climate Responsibility Monitor is out.

Are top global corporations claiming to be climate leaders keeping their 'net zero' pledges?

Find out here: https://t.co/r5Om1CraTc

Or register for today's launch https://t.co/DVfNF8TjjQ

[Anna Hubert 🇪🇺 @AnnaHbrt]

#Fitfor55
👉 Eu ambassadors approved revised ETS. PL and HU expressed "reserves" and BU and BE abstained
🗓️Next steps
👉At the EP : vote in Envi committe on the 9.02, then plenary in April.
👉At the Council : formal approval by ministers after EP plenary vote (in May ?)
1/2

[Agnese Ruggiero @theagnese]

Lastly, while #ETS revenues are now to be spent 100% on #climate, funding for #innovation was dwarfed and funding for #modernisation will still allow #fossil #gas

[Agnese Ruggiero @theagnese]

Wow 😮 it’s done! Very first impression: hard fought compromises were found on contentious issues but are enough to protect our #climate ?More detailed analysis tomorrow 😴

[ENVI Committee Press @EP_Environment]

🤝BREAKING🤝

EP negotiators have reached a deal with @EU2022_CZ & @TimmermansEU on a reform of the Emissions Trading System #ETS & the creation of new Social Climate Fund #SCF #Fitfor55

[Agnese Ruggiero @theagnese]

After a bit more reading, the answer to my (rhetorical) question is: hardly. See why below 👇

[Agnese Ruggiero @theagnese]

The introduction of #CBAM is so slow that it will effectively start working in 2035 and before then does not contribute to incentivising #emission reductions (in 🇪🇺 or outside)

[Agnese Ruggiero @theagnese]

#Polluter pays principle: this reform sadly keeps on giving #pollution permits to heavy #industry for free, to the tune of more than €400 billion.

[Agnese Ruggiero @theagnese]

❌ Overall #emission reduction target agreed: -62% by 2030 (what science says the #climate needs is - 70%)

[Mohammed Chahim @MChahim]

BREAKING: We have a deal on ETS!!!!

[Agnese Ruggiero @theagnese]

Quite fitting as #ETS trilogue co-legislators discuss today the implementation of #carbon pricing on road #transport..

[STIB-MIVB @STIBMIVB]

⚠️ Pic de pollution : la STIB gratuite le 17/12/2022 ⚠️

En raison d'un pic de pollution, vous pouvez voyager gratuitement avec la #STIB ce samedi 17/12/2022. Vous ne devez pas valider votre ticket.

Plus d'infos 👉 https://t.co/H01ltHFc2y

[Agnese Ruggiero @theagnese]

#ETS talks resume today, we can only hope that they will be more fruitful than yesterday. We still need:
📉#pollution to go down
🛑 #free allowances to end ASAP
💶#ETS revenues spent on #climate NOT #FossilFuels
@peterliese @MChahim @emmawiesner @EU2022_CZ @TimmermansEU

[Kira Taylor @KiraTaylor15]

No breakthrough in negotiations to reform the EU's carbon market. Talks will resume at 11 today and potentially drag into Sunday.

My round up of day 1 of the 'jumbo trilogue' 👇
https://t.co/lyL5pIxMCX

[Agnese Ruggiero @theagnese]

@STIBMIVB Good morning. Is the Schuman metro station open and serviced this morning? Thanks!

[Cleantech for Europe @cleantechforeu]

👀CLIMATE SUPER TRILOGUE👀
📰Journalists on #Climate, #CBAM & #ETS: join our briefing on Thursday & explore the stakes of these crucial negotiations!

📅15 Dec 10-12AM we offer breakfast & policy expertise @PressClubBXLEU! Come or DM for Zoom!

📋Register: https://t.co/zih8R97yxq

[Agnese Ruggiero @theagnese]

Postponed:
Key elements such as the phase-out of free #pollution permits to #cbam sectors and export rebates were moved to discussion in #EUETS trilogue this coming weekend

[Agnese Ruggiero @theagnese]

So a deal on #cbam was reached last night. More details to come (maybe in this morning’s press release?). What we know for now in a 🧵 below:

[EU Council Press @EUCouncilPress]

.@EUCouncil and @Europarl_en have reached a provisional agreement on the Carbon Border Adjustment Mechanism #CBAM, which targets imports of products in carbon-intensive industries.

Read the press release 👇
https://t.co/sI0Ld1odEy

[Agnese Ruggiero @theagnese]

Negative:
❌ no financing or support to vulnerable countries through #cbam revenues.. big missed opportunity to show collaboration and solidarity