Reforming the ETS: what to make of revenues?
What will a reformed European Emissions Trading Scheme (ETS) look like?
Speakers
Georg Zachmann
Bruegel Senior fellow
Beatriz Yordi Aguirre
Director, European & International Carbon Markets, European Commission, Directorate General for Climate Action (CLIMA),
Jakub Sawulski
Macroeconomics Team Leader, Polish Economic Institute,
Sébastien Postic
Project Manager – Industry, Energy and Climate, Institute for Climate Economics (I4CE),
video and audio recordings
President von der Leyen has set a new destination for EU climate policy: a 55 per cent emissions reduction by 2030. The EU will now have to unleash a torrent of new climate and energy legislation to align its tools with the new target. The reform of the Emissions Trading System (ETS) will be a key element in the developing EU climate policy architecture.
At this event, our experts discussed what the future scheme could look like and how this tool could be repurposed to meet the ambitious climate goals of the European Union.