Étiqueté : EU ETS

The European Union Emissions Trading System : should we throw the flagship out with the bathwater ?

The European Union Emissions Trading System (EU-ETS), presented as the « flagship’’ of European climate policy, is subject to many criticisms from different stakeholders. Criticisms include the insufficient carbon emissions reduction, the competitiveness losses and the induced carbon leakages, the unfair distributional effects, the frauds and the existence of several other overlapping climate policy instruments…

Splitting the EU ETS: strengthening the scheme by differentiating its sectoral carbon prices

The current EU ETS faces a dilemma. To induce low-carbon investments in the power sector, higher carbon prices are needed, while low carbon prices are needed to reduce the risk of carbon leakage and loss of industrial competitiveness. This study analyses the effects and implications of two alternative policy options to address this price dilemma…

Pourquoi et comment redresser le système européen des quotas de CO2

A la suite du vote au parlement, la Commission ne pourra pas rapidement mettre en œuvre le « backloading » qui avait l’intérêt d’envoyer un signal de très court terme au marché dans l’attente de réformes plus structurelles. Ceci repose la question des actions qui peuvent être engagées pour relancer le système d’échange de quotas de CO2

You’d better bet on the ETS

The European Union’s emissions trading system, introduced in 2005, is the centerpiece of EU decarbonisation efforts and the biggest emissions trading scheme in the world. After a peak in May 2008, the price of ETS carbon allowances started to collapse, and industry, civil society and policymakers began to think about how to « repair the ETS ». However…

The impact of emissions-performance benchmarking on free allocations in EU ETS Phase 3

From Phase 3 (2013-20) of the European Union Emissions Trading Scheme carbon-intensive industrial emitters will receive free allocations based on harmonised, EU-wide benchmarks. This paper analyses and evaluates the impacts of these new rules on allocations to key energy-intensive sectors…