Scanning the Options for a Structural Reform of the EU Emissions Trading System
This paper provides a comprehensive overview and analysis of different options to reform the EU Emissions Trading System (ETS). The options discussed include changes to address the rigidity of supply on the auctioning side, as well as reforms to add flexibility to free allocation. Additionally, other options that may enhance the functionality of the EU […]
European Stakeholders’ Perspectives on the EU ETS
The EU has set the overall greenhouse gas emissions target for 2030 and the associated targets for the various sectors covered by the EU emissions trading system (ETS). To meet these challenges and to improve its performance, the EU is currently reviewing some design features of the system. Based on a stakeholder consultation process, this […]
How do stakeholders view the EU ETS?
The EU emissions trading system (ETS) is expected to make a major contribution towards achieving the EU’s target to reduce greenhouse emissions by at least 40% by 2030 compared with 1990 levels. Moreover, there is a strong need to address an accumulated over-supply of emissions allowances and to improve the performance of the ETS without […]
Climate Change: Balancing economic and environmental concerns
In surveying the portfolio for climate change assigned to Commissioner-designate Arias Cañete, Andrei Marcu finds in this CEPS Commentary that the approach proposed in the European Commission’s January 2014 package offers a sound basis on which to proceed overall, but he specifies that it needs to be put in a context where the causes and […]
The Market Stability Reserve in Perspective
This Special Report aims to contribute to the debate on the Market Stability Reserve (MSR), which was introduced by the European Commission in a legislative proposal of January 2014. The MSR would introduce a degree of supply management into the EU Emissions Trading System (ETS). This report is the result of various meetings with ETS-stakeholders […]