The Emissions Trading System (ETS) is the key instrument to reach the 20% reduction target by 2020. Moreover, both the EU and Norway see market-based mechanisms like the ETS as a stepping stone towards higher emissions reductions by 2020/2030 and a long term strategy for 80% cuts by 2050.
At the meeting CEPS will present a new draft study focusing on whether the EU ETS has lived up to its promise to reduce “greenhouse gas emissions in a cost-effective and economically efficient manner” and continues to do so. It reviews past ETS experiences from phase 1 and 2 and assess the potential for innovation. The study also deals with the role of existing and new flexible mechanisms and implications of off-setting in particular. Paper copies will be made available at the event.
Participation in this meeting is free of charge. A sandwich lunch will be offered, courtesy of the Mission of Norway to the EU, before the event, from 12.30 onwards.
