Abstract: Main drivers of ag. yields:–Technology–R&D (new hybrids etc.)–Weather–Etc.•Common sense and anecdotal observations (remember the Tromsø presentation) revealed extreme events tended to impact wide geographic areas•This was called the «systemic» nature of agriculture No semi-aggregation  farm-level•Not the boring corn, maize, wheat  fruits•No OLS-like Pearson correlation or functional form approach for conditioning spatial correlations on weather  SDM•Finally, if we are smart enough to set the explanatory proxies in a meaningful way presumably we can make the distinction between the effects of, say draught and extreme heat.•And much more in policy relevance

Abstract: EU climate policy and AFOLU•Overall 2030 level of ambition agreed by European Council October 2014•Commission ESR proposal July 2016 – sharing of effort in NETS across MS plus trading mechanisms•Commission LULUCF proposal – integration of LULUCF into climate policy•AFOLU mitigation pursued through CAP as well as flanking environmental policies•No specific EU targets for agricultural mitigation in NETS•Ultimately, how AFOLU mitigation is pursued will depend on MS decisions2Implications of EU bubble•Commission has put in place trading mechanisms in NETS sectors to ensure least-cost fulfilment of overall EU targets•Challenge of MS ESR targets also depends on use MS make of trading mechanisms•MS have not to date made use of these mechanisms and prefer to meet targets domestically•A number of MS have domestic targets in addition to EU targets•ESR IA looked at adding central information site, central market place for AEA transfers or mandatory auctioning•Links with annual monitoring and 5-year legal compliance checks (2027 and 2032)