As the responsible committee for the Revision of the EU ETS, the ENVI Committee and more specifically, the rapporteur of the file Peter Liese, has published its draft report on 14 January. The roundtable discussed key takeaways from the draft report by the rapporteur from the responsible committee in the European Parliament and provide an […]
The discussion focused on the current EUA price level and their impact on decarbonisation efforts, both in industrial sectors, as well as other sectors of the economy. The reaction in the EU seems to vary depending on sectors and EU Member States. Some sectors see the very rapid price increase as beneficial and supportive of […]
In January 2021, the EC carbon price raised to 89.42 euros/tons of CO2. One year before, the EU carbon price was 33 euros/tons of CO2. This rapid price increase in addition to the recent energy crisis, has triggered discussions about the possibility of EU authorities to trigger the Article 29 of the EU ETS Directive […]
The 2022 State of the EU ETS Report is a joint effort between ERCST, BloombergNEF, the Wegener Centre for climate and global change at the University of Graz and EcoAct. During this webinar the 2022 State of the EU ETS Report was presented by the authors and discussed by commentators. This will be the seventh […]
The ETS has emerged as the backbone of the EU Climate Action and, especially in the last two years, as a crucial driver of decarbonisation. The Commission proposal to review the EU ETS Directive aims at aligning the emissions pathway of the ETS sectors with the new EU climate targets. Throughout the next decade, the […]
The EU ETS is considered one of the cornerstones of the EU’s climate policy. While it has been faced by many issues, the ETS has increasingly proven to be ‘fit for purpose’ in recent years. Today, the EU ETS stands at the dawn of a new revision process, which will have to ensure that it […]
The ETS has emerged as the backbone of the EU Climate Action and, especially in the last two years, as a crucial driver of decarbonisation. The Commission proposal to review the EU ETS Directive aims at aligning the emissions pathway of the ETS sectors with the new EU climate targets. Throughout the next decade, the […]
This workstream aims to bring together stakeholders, including policymakers and industry on a regular basis to discuss substantive issues around the topic of (C)CfDs, informed by original intellectual input from ERCST. (C)CfDs are discussed as one of the most promising alternatives to foster the deployment of low-carbon industrial technologies. However, it is still uncertain how […]
The ETS has emerged as the backbone of EU Climate Action and, especially in the last two years, as a crucial driver of decarbonisation. The Commission proposal to review the EU ETS Directive aimed at aligning the emissions pathway of the ETS sectors with the new EU climate targets. Throughout the next decade, the ETS […]
This was the launch event of the 2023 State of the EU ETS Report1. During this event the report was presented by the authors and discussed by commentators. This was be the eighth annual report on the State of the EU ETS and builds on the reports produced by this group of authors, and other […]
This was an online event. The European Climate Law mandates a minimum 55% reduction in GHGs by 2030 from 1990 levels and targets Net Zero by 2050, prompting the European Commission to set a 2040 climate goal. An upcoming 2024 communication will assess the impact and address carbon removals essential for the "fit for 55" […]
This was an in-person event. The revised EU ETS Directive (EU) 2023/959 was adopted on 10 May 2023 and published in the EU Official Journal six days after. The European Commission now needs to update several regulatory acts for the revised EU ETS to be implemented in 2024. One important update concerns the Free Allocation […]
