The EU ETS Directive in its Article 10(5) refers to the fact that the European Commission has to submit each year a report on the functioning of the EU ETS.  Taking stock of the success, or lack thereof, of such an important instrument must be seen as an essential ingredient in ensuring it can deliver, and that it keeps the EU on the path to decarbonisation, while not losing sight of other important considerations, in a world where there will continue to exist asymmetrical climate change policies.
While the European Commission has its role to play in providing an official report, it is also important that an independent review and assessment of the functioning and delivery of the EU ETS take place. ERCST, together with a number of EU-based think tanks, all with a long experience in the EU ETS and climate change policy debate, have come together to develop a yearly report, which provides an independent view of the state of the EU ETS, and its deliveries, at a certain time. The 2019 edition is available through this link.
In 2020, the fifth annual report on the State of the EU ETS will be produced, this year together with the Wegener Center on on climate and global change, Bloomberg New Energy Finance and EcoAct. This first brainstorm meeting in Brussels will bring together a small group of stakeholders deeply involved in the EU ETS discussion, to discuss the draft version of the 2020 report and highlight potential areas that need more attention.
The report focuses on 5 key areas:

• Recent policy developments and implications
• Environmental delivery
• Economic delivery
• Market functioning
• Issues to monitor for the future

If you are interested in participating, please contact Domien at dvangenechten@ercst.org. More information on the project and event can be found here.
 
Workshop Material(s)
Agenda
Presentation – 2020 State of the EU ETS Report
2019 State of the EU ETS Report
 
Upcoming Events

• Launch Event: Solutions for exports of EU CBAM-covered goods

  March 25 @ 15:00 - 17:00

• Launch Event – Future of Emissions Trading in the EU: Price Signal and Competitiveness (Public Event)

  March 27 @ 10:00 - 12:00

• Expert consultation: Extension of the CBAM scope

  April 8 @ 15:00 - 17:00

• Stakeholder Consultation – Advancing BECCS Policy: Harmonizing Land Use with Carbon Dioxide Removal Goals

  April 10 @ 15:00 - 16:30

• 2025 State of the EU ETS Report – Launch Event (Public Event)

  May 21 @ 15:00 - 17:00

• Focus Group – Circular Carbon Economy: CO₂ as a Valuable Resource

  March 12 @ 15:00 - 16:30

• Launch Event – Implementation and transposition of hydrogen regulations in the EU Member States

  March 11 @ 15:00 - 17:00

• Stakeholders Consultation: Green Claims Directive (GCD) trilogues – How does the GCD connect to Voluntary Carbon Markets (VCMs)?

  March 6 @ 10:00 - 12:00