This was the launch event of the 2023 State of the EU ETS Report1. During this event the report was  presented by the authors and discussed by commentators. This was be the eighth annual report on the State of the EU ETS and builds on the reports produced by this group of authors, and other partners, in the last six years. The 2022 edition is available through this link.

The European Commission is required to annually assess, according to the EU ETS Directive, the functioning of the EU ETS and report back to the EU Parliament and Council. While the European Commission has its role to play in providing an official report, it is also important that independent review and assessment of the functioning and delivery of the EU ETS takes place.

The annual “State of the EU ETS” Report aims to provide such an independent contribution to the policy debate, which is needed to ensure that the EU ETS is “fit for purpose”. The Report is intended as a “snapshot”, providing policymakers and stakeholders with an overview of how the EU ETS is doing by April of each year, based on previous year data.

This event covered the 2023 Report. This year’s edition reflects the track record of the ETS last year and the revised EU ETS Directive to be adopted in mid-2023, its expected impact on the EU ETS, and the role the ETS is expected to play in the longer term.

1 The 2023 State of the EU ETS Report is a joint effort between ERCST, BloombergNEF, the Wegener Centre for climate and global change at the University of Graz and EcoAct.

Agenda    Publication