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The Petersberg Climate Dialogue XI

  • Belgium
  • Environment
  • Energy and infrastructure

30-04-2020

This year, the Petersberg Climate Dialogue (PCD), a platform for informal political discussion on climate policy related issues, took place online on 27 and 28 April 2020.

One of the highlights of this year’s edition of the Petersberg Climate Dialogues was the speech given by Chancellor Angela Merkel on April 28.

Chancellor Merkel expressed her strong support for the European Green Deal and the interim goal set in the 2030 EU Climate Target Plan to raise the reduction target of greenhouse gases from 40% to 50% or even 55% compared to 1990 levels. Because although carbon emissions have recently gone down, chancellor Merkel said that we should be aware of the fact that this development is largely due to the shutdown of the public and economic life as a measure taken to restrict the spreading of the coronavirus.

Chancellor Merkel also encouraged the further ratification and implementation of the Paris Climate Agreement.

Furthermore, the chancellor emphasized that carbon pricing is an essential instrument and one of the most efficient ways to achieve the EU’s climate goal. The chancellor is therefore in favour of the further extension of the EU’s ETS (emissions trading system) to additional sectors. She referred to Germany were last year, it was decided to extend the ETS to transport and heating. In order to avoid distortion of competition, the chancellor called for the participation of as many countries as possible in using this instrument.

At the same time, investing in modern technology, more specifically in renewable energy should be made commercially attractive. It is therefore essential that the financial markets provide favourable conditions for climate friendly investments, which necessitates the different stakeholders (states, banks, private financial sector,…) to work together.

The speeches of Chancellor Angela Merkel, of United Nations Secretary General António Guterres and of First Secretary of State Dominic Raab are available online using the link https://www.bmu.de/en/petersberg-climate-dialogue-xi/.

 

 

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