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The role of the EU ETS funding mechanisms in delivering the European Green Deal
October 27 @ 14:00 - 15:30
This meeting is under Chatham House Rules
The EU ETS ‘funding mechanisms’ are an important element of the fourth fase (2021-2030) of the EU ETS, and will be a key financing tool to deliver upon the European Green Deal and updated 2030 climate targets. These funding mechanisms have been operationalised over the last few years – the Innovation Fund launched its first call for proposals in June 2020, while the Modernisation Fund, for which the Implementing Act was adopted on 2 July 2020, is to be operationalised at Member State level.
ERCST and CEEP have together been working on this topic for the last few years, organising workshops in Brussels and beneficiary Member States to facilitate a debate on how to successfully operationalise and utilise these funds, and deepen the understanding of the regional financing needs and priorities. Several papers were published to update stakeholders on the implementation process and raise issues for discussion and clarification.
During this meeting, we will discuss the ‘state of play’ of the funding mechanisms and their operationalisation, including how the beneficiary Member States intend to use the Modernisation Fund. It will also be an opportunity for stakeholders to discuss the role of the funds in delivering upon the enhanced 2030 climate targets, and whether their current composition, including the size, is sufficient.
Workshop Material(s)
Agenda
ERCST-CEEP Presentation
Upcoming Events
2025 State of the EU ETS Report – Launch Event (Public Event)
May 21 @ 15:00 - 17:00Policy Frameworks for BECCS
June 3 @ 15:00 - 16:30Launch Event: Extension of the CBAM Scope
June 12 @ 15:00 - 17:00European Hydrogen Bank – Second Auction and Next Steps (Public Event)
June 19 @ 10:30 - 12:30Launch Event – Future of emissions trading in the EU: CDRs
June 26 @ 14:00 - 16:00
Past Events
Stakeholder Roundtable – Future of Emissions Trading in the EU: Carbon Dioxide Removals (CDRs)
May 12 @ 10:30 - 12:30Stakeholder Consultation – Leveraging CO₂ in the Circular Carbon Economy
May 8 @ 15:00 - 16:30Stakeholder Consultation – Advancing BECCS in the EU: a Policy Perspective
April 10 @ 15:00 - 16:30