Programme Director for Mistra Carbon Exit, IVL Swedish Environmental Research Institute
All Sessions by Lars Zetterberg
The European Green Deal
The EU’s Emissions Trading System and carbon targets [MEMBERS-ONLY]
11:00 AM - 12:00 AM
The European Commission will soon present a proposal for a revised EU ETS. The current rules agreed in late 2017 only entered into force at the beginning of this year, but the Paris Agreement and the new -55% target for 2030 always made a further revision inevitable. Besides an updated emissions trajectory, two major elements of the ETS could be revised: the compensation for carbon leakage risk and the sectoral scope of the system. This session will consider the relative merits of both elements and the further reforms that may be related to the supply mechanism – the Market Stability Reserve – and the role of carbon removal credits in the system.