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Brainstorm on “2020 State of the EU ETS Report”
March 11, 2020 @ 1:30 pm - 4:00 pm
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, yearly come together to develop a 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
- The EU ETS in the European Green Deal.