Future of emissions trading in the EU: Role of Emissions Trading in EU Climate Policy
The review of the scope of the Emission Trading System (ETS) in the EU and how the architecture emerges should there be an expansion is an issue of increasing urgency. This has also been recognized by the European Commission, which has already started its own examination of this matter.
This report focuses on the role the Emissions Trading System plays within the overall EU climate policy. Considering the overall climate picture is important as Emissions Trading does not operate in isolation, but it is part of a complex policy mix.
This is the second in a series of seven reports planned under ERCST’s recently launched “Future of Emissions Trading in the EU” project. The project aims to examine the architecture, governance and role of emissions trading in meeting EU objectives in the European Climate Law during the second half of Phase IV (2025-2030) and beyond.
The initiative is being supported by: Cefic – CEMBUREAU – Cepi – EDF- Électricité de France – ENEL – EuLA – Eurelectric – Eurofer – Eurometaux – European Aluminium – ExxonMobil – Fertilizers Europe – FuelsEurope – PGE – Danish Ministry of Climate, Energy and Utilities – French Ministry of Ecological Transition – German Federal Ministry for Economic Affairs and Climate Action – Ministry of Climate and Environment of the Republic of Poland
