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High-level conference EU ETS reform and investment leakage Myth or reality?

Venue: Permanent Representation of the Kingdom of the Netherlands to the EU
4 - 10 Avenue de Cortenbergh (Schuman), 1000 Brussels


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BusinessEurope and Mr. Ivo Belet (Member of European Parliament), are pleased to invite you to a conference that will trigger high-level talks with representatives of European Institutions, companies and civil society on the impact of EU carbon policies on business investment decisions.

Currently carbon leakage is the only concept factored into the EU-ETS directive. However, carbon leakage is often the “final station”, as companies do not move their manufacturing installations outside of the EU overnight. Before this happens, they may first decide to gradually shift more investments outside of the EU - with carbon costs as one of the possible factors. The event will therefore discuss what investment leakage means, the possible impact of the EU-ETS carbon price, and what the EU-ETS reform could do about it.

14:00 Registration and coffee

14:30-14:50 Welcome and introduction

•         Ivo Belet, ENVI Shadow Rapporteur of the EU-ETS and Member of the European
•         Markus J. Beyrer, Director General, BusinessEurope
•         Norbert Kurilla, State Secretary for Environment, Slovak Republic

14:50-16:00 Panel 1: What is investment leakage and what is the impact of carbon pricing?

The first panel will look at the scale of investment leakage and its consequences, the difference between carbon and investment leakage, the impact of climate policy, and in particular the EU-ETS carbon price (past, present and future) on investment decisions.

•         Moderator: Brian Maguire, journalist at the Euranet Plus News Agency
•         Ian Duncan, Rapporteur of the EU-ETS and Member of European Parliament
•         Marco Mensink, Director General, Cefic
•         Geneviève Pons-Deladrière, Director, WWF Europe
•         Kathrine Fog, Senior VP and Head of Strategy & Analysis, Norsk Hydro
•         Richard Middel, Director, ESD-SIC

Followed by interventions from the floor.

16:00-16:30 Coffee break

16:30-17:40 Panel 2: What solutions can the EU ETS reform bring about?

The second panel will discuss how the on-going EU ETS reform can best cope with the challenge of investment leakage. Panelists will address possible ways to factor the concept of investment leakage more concretely into the EU ETS Directive, but also key features to make the system more favorable for investments in low carbon technologies.

•         Moderator: Brian Maguire, journalist at the Euranet Plus News Agency
•         Ellen Valkenborgs, Assistant to MEP Ivo Belet, European Parliament
•         Colin Crooks, Vice President of Downstream Strategy, Shell
•         Maarten Neelis, Principal Consultant, Ecofys
•         Johan van der Biest, Managing Director, Wienerberger Belgium
•         Alexis Dutertre, Deputy Permanent Representative, Permanent Representation of France to the EU

Followed by interventions from the floor.

17:40-18:00 Closing remarks

•         Jos Delbeke, Director General, DG Climate Action
•         Markus J. Beyrer, Director General, BusinessEurope

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Last updated: 13 October 2016