The challenging path ahead for the ETS for road transport and buildings - ETX newsletter

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Led by Carbon Market Watch, Life ETX strives to empower civil society to make the EU's Emissions Trading System (EU ETS) effectively tackles the climate crisis and enhances the wellbeing of citizens.

UPCOMING EU ETS TALK ┃3 APRIL 2023

The challenges of implementing the ETS for road transport and building

Join the sixth ETS Talk, which will focus on the implementation challenges of ETS2, in particular the role of road transport and buildings in the policy mix for achieving climate neutrality in the EU. It will also look at the example of Germany, comparing ETS2 with the German system of carbon trading for the non-ETS sectors.

IN THE SPOTLIGHT

EU CARBON MARKET REFORM: BETWEEN DARK CLOUDS AND SILVER LININGS

An online workshop organized by ZERO unpacked the final reform package for the Emissions Trading System agreed by the EU institutions at the end of 2022.

GOING THE EXTRA (GREEN) MILE: THE ROLE OF INTERNATIONAL TRANSPORT IN THE CLIMATE TRANSITION

An online workshop organised by ZERO explored the importance of the EU Emissions Trading System in addressing the negative environmental impacts of air travel and maritime transport.

PUBLICATIONS

Free allocation forms an important exemption from the EU Emissions Trading System (EU ETS). The system is advocated as an effective tool to protect carbon intensive industrial actors from the threat of carbon leakage which would harm the EU’s economy while increasing total emissions because of the exodus of production abroad. The strategy of the EU ETS is to be reformed, planning to gradually replace free allowances by the CBAM. These measures must be made sufficiently flexible for a quickly changing EU energy sector.

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At a time when few would contest that climate change presents the great existential challenge of our era, it is remarkable that globally, carbon pricing remains marginal. Carbon taxes and emissions trading schemes of different sorts cover less than a 1/5 of global carbon emissions as of 2022. Nevertheless, the number has been on the rise and it is no stretch to claim that the EU with its ETS launched in 2005 has played a pivotal role in the proliferation of carbon pricing. Now, it wants to take it a step further.

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This report provides an overview of the positions adopted by the EU institutions on the revision of the EU ETS. Thanks to a quantitative model developed by Climact, the authors were able to make a qualitative and a quantitative comparative assessment of the positions and provide sound recommendations for the final agreement based on robust numbers and scenarios. The first section of the report explores in detail the overall positions of the EU institutions and provides general recommendations for the revision of the EU ETS at European level.

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MULTIMEDIA

Watch the latest EU ETS Talk online

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