Launch Event - 2026 ETS Review
2026-04-23 10:00 - 12:00 (Europe/Paris) | conseil central de l’economie, Avenue d’auderghem 20, 1000 Brussels
Register in person
Register online
This is the Launch Event for the work that ERCST is doing on the Review of the EU ETS. During this event, we will launch “Review of the EU ETS: Challenges and Policy Levers to address them”. The session will highlight key issues to be discussed in the upcoming Review of the EU ETS, and the levers in the EU ETS that can be used to address them.
The report issued in this launch is intended to provide a logic and a story for the discussion that should, in our view, take place under the upcoming Review of the EU ETS. It is not intended to go into technical analysis and search for solutions to individual issues, but try and provide ideas on how the agenda for the review should be set.
Agenda

Launch Event - Carbon Leakage under CBAM and Free Allocation
2026-05-13 10:30 - 12:30 | Conseil central de l’économie, Avenue de la Joyeuse Entrée, 17, 1040 Bruxelles
Register online Register in person
ERCST and the Climate Economics Chair (CEC) are carrying out a study on the long-term effects of free allocation versus full auctioning on industry, the carbon price, and investment signals. The project will develop and run a model that incorporates international trade and carbon leakage, including the interplay between free allocation and CBAM.
The work encompassed a number of iterative consultations with stakeholders.
This public launch event will present the analytical findings and policy messages, targeting EU policymakers, stakeholders, and academics.

2026 State of ETS - Launch
2026-05-20 15:00 - 16:30 | Conseil central de l’économie, Avenue de la Joyeuse Entrée, 17, 1040 Bruxelles
Register in person
Register online
This is an in-person event.
Online participation is permitted only to users outside of Brussels.
This is the launch event of the 2026 State of the EU ETS Report[1]. During this event the report will be presented by the authors and discussed by commentators. This will be the tenth 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 years. The 2025 edition isavailable through this link.
The European Commission is required to annually assess, according to the EU ETS Directive, the functioning of theEU ETS and report back to the EU Parliament and Council. While the European Commission has its role to play inproviding 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 will cover the 2026 Report. This year’s edition reflects the track record of the ETS last year, its recent developments, and the role the ETS is expected to play in the longer term.
[1] The 2026 State of the EU ETS Report is a joint effort between ERCST, BloombergNEF, Compass Lexecon.
Draft Agenda
