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

• Low-Carbon Hydrogen Delegated Act: a turning point for the hydrogen market ramp-up? (Public Event)

  September 25 @ 15:00 - 17:00

• Debate – Review of the EU CO2 Emission Performance Standards for New Cars and Vans

  September 30 @ 09:30 - 11:00

• Public Debate – Flexibility in the EU’s Road Transport Decarbonization Policy: Electrification and Sustainable Fuels

  October 7 @ 15:00 - 17:00

• Launch Event – Future of Emissions Trading in the EU: Agriculture ETS (Public Event)

  October 14 @ 10:00 - 12:00

• Stakeholder Consultation – Bridging the CDR funding gap: design options and policy choices

  October 14 @ 15:00 - 16:30

• Cracking the dilemma of international carbon credits in the EU 2040 target: can EU’s climate action turn geopolitical without losing domestic integrity?

  September 17 @ 11:00 - 14:00

• Macro Economic Implications of the 2040 EU Climate Change Target

  September 15 @ 16:30 - 18:00

• Expert Consultation: EU CBAM Implementation Challenges

  September 10 @ 15:00 - 17:00