European Roundtable on Climate Change
and Sustainable Transition
About ERCST
The European Roundtable on Climate Change and Sustainable Transition (ERCST) is an independent nonprofit organisation working on European and Global climate change policies.
Publications
- Article 6 Library Find out more
- Addressing the supply-demand imbalance in the EU ETS through the Market Stability Reserve Download
- Division and use of revenues Phase 4 EU ETS Download
- Decoding Article 6 of the Paris Agreement Download
- Summary of responses to the public consultation for a border carbon adjustment in the EU Download
Showcase
PAPER: Addressing the supply-demand imbalance in the EU ETS through the MSR
This paper makes the case that that while many levers could be used to address current and future issues related to the carbon market and climate policy in general, including EU ETS market imbalances, each of them should focus on what they were intended to achieve, and not give way to expedience and inappropriate use. It also makes the case that the market stability reserve (MSR) was intended to address EU ETS market imbalances, and not raise climate ambition.
In addition, the paper outlines a number of consideration that should be part of the MSR review, in the context of making the EU ETS “fit for 55”.
PAPER: Phase 4 EU ETS - options to operationalise Dec 2020 EUCO conclusions
This paper intends to capture the state of debate regarding the use of revenues from EU ETS allowances, as well as how revenues are to be divided among Member States. Special attention is given to the recent European Council conclusions from December 10/11, 2020.
The paper puts forward options to operationalise relevant elements in the Council conclusions and discusses key questions that should be considered by stakeholders and policymakers when deciding on the division and use of revenues in the EU ETS.
REPORT: Border Carbon Adjustments in the EU: Issues and Options
This report brings together the main takeaways from the project ‘Border Carbon Adjustments (BCAs) in the EU: Issues and Options’ launched in November 2019 to provide analytical input and foster an informed debate with domestic and international stakeholders as the CBAM file progresses through the early stages of the legislative process.
Drawing on extensive feedback obtained in a series of stakeholder consultations, the report offers a detailed analysis of the building blocks of BCAs as a policy option in the European context, discusses alternative policy options, and considers different combinations of policy instruments to achieve the desired outcomes.