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Home | The European Emissions Trading System (EU ETS) - Taking stock, looking forward: Options for reform

The European Emissions Trading System (EU ETS) - Taking stock, looking forward: Options for reform

12-13 February 2014,
Fondation Universitaire, Egmontstraat 11, 1000 Brussels,
Room Félicien Cattier

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Chairs of the Energy Platform Ottmar Edenhofer and Jos Delbeke, EU General Director Climate Action Rob Stavins, Denny Ellermann, Ottmar Edenhofer, Jos Delbeke
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EU-ETS Workshop, Brussels Rob Stavins, Denny Ellermann, Ottmar Edenhofer, Kilian Gross (HoU DG Energy), Brian Ager (ERT)  

What are the problems of the current EU ETS? What are options for reform? What are the interactions between the ETS and other policies, and what are key future challenges? Moving beyond a narrow discussion of the adequate allowance price level this workshop aims at embedding the ETS reform discussion in the broader context of questions regarding the interaction with national policies implemented at Member State level as well as public finance implications.

On the first day, the workshop will take stock of the EU ETS price drop by reviewing empirical analyses and present reform options of the EU ETS. On the second day, these reform options will be discussed against the background of different future challenges. These include the interaction of the ETS with other policy instruments, e.g. renewable supporting schemes and efficiency policies, technology and innovation policies, and public finance implications. Also, the sectoral scope of the EU ETS will be addressed. A concluding panel will discuss reform options along different storylines and evaluation criteria.

The Euro-CASE Energy Platform is convening this high-level scientific event in cooperation with the Mercator Research Institute on Global Commons and Climate Change (MCC) to develop the intellectual foundation for a follow-up workshop on EU ETS reform options to be discussed with key policy makers in late 2014. It is part of the activities of the Euro-CASE Energy Platform chaired by Ottmar Edenhofer and Bernard Tardieu. Workshop discussions take place under Chatham House rules. The conveners will produce a report synthesizing the key findings.

Programme & Presentation


01 Jos Delbeke, The EU ETS as Europe’s contribution to climate change mitigation
02 Robert N.Stavins, Be Careful What You Wish For: Lessons from U.S. Cap‐and‐Trade Experience
03 Denny Ellermann, Main lessons, successes and failures of the EU ETS – an overview
04 Nicolas Koch
Review of price drivers in the EU ETS and new evidence on the impact of renewables
05 Emilie Alberola, The explicatory factors of CO2 emissions in the two phases of the EU ETS – an econometric analysis
06 Pantellis Capros, Assessing ETS price projections – an experience with PRIMES
07 Godefroy Grosjean, Managing expectations: Which EU ETS reform options are on the table?
08 Raphael Trotignon, Governance of CO2 markets: lessons from the EU ETS
09 Susan Battles, Policy options to support the carbon price within the EU ETS
10 Thomas Sterner, Interaction of ETS with other national policies with, e.g. renewable policies
11 Antoine Dechezlepretre, Technology and innovation policy
12 Krzysztof Zmijewski, Two faces of EU‐ETS – reindustrialisation versus energy efficiency
13 Karsten Neuhoff, Extending the EU ETS to other sectors or specific instrument for each sector?
14 Gilbert Metcalf, The use of carbon pricing revenues
15 Frank Jotzo, The political economy of carbon tax revenue – Australia's case

Literature links