The eighth edition of the State of the EU ETS Report has just been published. This annual report is a joint effort between the European Roundtable on Climate and Sustainable Transition (ERCST), BloombergNEF, the Wegener Center for climate and global change at the University of Graz and EcoAct. It aims to provide an independent contribution to the policy debate on the role and effectiveness of the EU carbon market.
The report comes at a key moment for the EU ETS, as the main elements of its reform have just been adopted by European institutions. In particular, the mechanism’s emission reduction target has been raised (-62% by 2030 compared to 2005) and will now cover shipping emissions from the maritime sector. A separate new ETS will be created to cover emissions from fuels used in commercial buildings and road transport, and a Carbon Border Adjustment Mechanism (CBAM) will be introduced on several pilot products.
EcoAct experts, Anouk Faure and Chimdi Obienu who helped write the 2023 State of the EU ETS Report, review the key messages of the 2023 report to keep you updated on changes in the EU Carbon Market.
How the market works:
Competitiveness and carbon leakage:
Carbon border adjustment mechanism:
Learn what regulatory carbon pricing is, how it is changing and how businesses will be affected. EcoAct’s carbon pricing tool can help companies measure their exposure to regulatory carbon pricing and the financial implications of potential decarbonisation actions.
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