Video

Restoring faith in the ETS

Following a vote by the European Parliament to boost the price of allowances on the EU’s carbon market, Georg Zachmann analyses the debate surrounding the Emmission Trading System (ETS) as a whole. Zachmann believes that "backloading," or witholding the allowances to fight their falling price, is part of a politically charged debate with little economic […]

By: Date: June 19, 2013 Topic: Digital economy and innovation

Following a vote by the European Parliament to boost the price of allowances on the EU’s carbon market, Georg Zachmann analyses the debate surrounding the Emmission Trading System (ETS) as a whole.

Zachmann believes that "backloading," or witholding the allowances to fight their falling price, is part of a politically charged debate with little economic meaning. The true focus should be put in restoring faith in the ETS as a way for the EU to reach its decarbonisation goals.


Republishing and referencing

Bruegel considers itself a public good and takes no institutional standpoint. Anyone is free to republish and/or quote this post without prior consent. Please provide a full reference, clearly stating Bruegel and the relevant author as the source, and include a prominent hyperlink to the original post.

Read article More by this author
 

Opinion

European governance

Can the EU fiscal rules jump on the green bandwagon?

By and large, setting a new green golden rule would be a useful addition to the existing EU fiscal framework.

By: Guntram B. Wolff Topic: European governance, Green economy, Macroeconomic policy Date: October 22, 2021
Read article
 

Opinion

COP26: why carbon pricing is crucial to China’s climate change pledges

China’s emissions trading scheme is a welcome but to reach its full potential, it needs to cover more of China’s emissions, go beyond the electricity sector and let prices reflect the true cost of carbon.

By: Alicia García-Herrero and Junyu Tan Topic: Global economy and trade, Green economy Date: October 22, 2021
Read about event More on this topic
 

Past Event

Past Event

The contribution of hydrogen to European decarbonisation

What role will hydrogen play in Europe's decarbonisation?

Speakers: Alison Conboy, Matthias Deutsch, Ruud Kempener, Ben McWilliams and Andrea Pisano Topic: Green economy Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: October 21, 2021
Read about event More on this topic
 

Upcoming Event

Oct
27
12:00

Can COP26 save the planet?

In this episode of the Sound of Economics Live Italy's Minister for Ecological Transition, Roberto Cingolani outlines his priorities for the upcoming COP Summit.

Speakers: Roberto Cingolani and Guntram B. Wolff Topic: Green economy Location: Bruegel, Rue de la Charité 33, 1210 Brussels
Read about event
 

Past Event

Past Event

Monetary policy in the time of climate change

How does climate change influence monetary policy in the eurozone? What potential monetary policy measures should be taken up to address climate risks?

Speakers: Cornelia Holthausen, Jean Pisani-Ferry and Guntram B. Wolff Topic: Green economy, Macroeconomic policy Date: October 20, 2021
Read about event
 

Past Event

Past Event

A hybrid future of work

Addressing employers’ and employees’ challenges.

Speakers: Julie Brophy, Joost Korte, Laura Nurski, Renske Paans and Alex A. Saliba Topic: Digital economy and innovation, Inclusive growth Date: October 19, 2021
Read article More on this topic More by this author
 

Blog Post

Better sustainability data is still needed to accelerate the low-carbon transition in capital markets

Investors need more trustworthy sustainability data. Regulators should leave space for better products to emerge, while remaining alert to well-known patterns of misconduct in capital markets.

By: Alexander Lehmann Topic: Banking and capital markets Date: October 18, 2021
Read article
 

Opinion

Xi’s pledge on financing coal plants overseas misses point

China’s domestic installation of coal-fired power plants continues at great pace.

By: Alicia García-Herrero and Simone Tagliapietra Topic: Global economy and trade, Green economy Date: October 7, 2021
Read article More on this topic
 

Opinion

The only quick-fix to Europe’s energy price crisis is saving energy

The only thing Europe can quickly do to prevent a potentially difficult winter is to actively promote energy conservation in both the residential and industrial sectors.

By: Simone Tagliapietra and Georg Zachmann Topic: Green economy Date: October 7, 2021
Read article
 

Opinion

Will China use climate change as a bargaining chip?

Beijing shows signs of changing tactics ahead of the COP26 conference.

By: Alicia García-Herrero and Simone Tagliapietra Topic: Global economy and trade, Green economy Date: October 6, 2021
Read about event More on this topic
 

Past Event

Past Event

What is the link between biodiversity loss and financial instability?

Biodiversity loss impacts financial stability. How big is the risk of biodiversity loss for financial institutions?

Speakers: Sylvie Goulard, Romain Svartzman, Guntram B. Wolff and Michael Wilkins Topic: Banking and capital markets Date: October 5, 2021
Read article More on this topic
 

Opinion

Letter: The lesson Europe should learn from the gas crisis

Europe’s gas supply security could more effectively be safeguarded by ensuring that unused alternatives are maintained.

By: Simone Tagliapietra and Georg Zachmann Topic: Green economy Date: October 5, 2021
Load more posts