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Florence School of Transnational Governance

Carbon Markets: Examining EU Policies for Transnational Climate Action


5 weeks

Delivery mode




No application deadline


Programme Description

NB This course is available in English, Chinese, French, Portuguese, and Spanish

As the impact of climate change continues to affect our planet, it is imperative that our global community fights to reduce their emissions and live sustainably. However, many transnational corporations and states have not made a change to reduce their negative impact on the planet.

In this five-week course participants will assess the EU’s efforts in creating climate policy instruments that enforce global action. Climate policy instruments are multifaceted and possess inherent advantages and disadvantages. You will understand and discuss the different policy instruments created by the EU, such as carbon tax, cap-and-trade, and more. Aided by the experts at the EUI, you’ll be able to critically evaluate each policy’s benefits and challenges.

Creating climate policy instruments that can benefit and motivate various countries and international economies can prove challenging. In this course, you will apply the EU’s carbon market instruments to other policy contexts and governance levels. Through this exercise, you’ll be able to examine their efficacy in transnational markets.

Sustainability measures are crucial to slowing the progress of climate change, and it is imperative to set attainable and trackable procedures. This course provides useful insights and reflections on the role of carbon markets as a driver of the transition to a low-carbon economy. The experts of the EUI will share the EU experience of creating and implementing a common climate policy underpinned by carbon pricing while sharing some experiences from selected G20 countries in designing and putting forward similar carbon pricing policies.

This course is developed and led by experts in the field of international climate policy. With their guidance, you will be empowered to identify what steps are needed to ensure global climate action that can change the world.

For more information and registrations please check here


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This course is free

Programme structure

Week 1 - A Multilateral Approach to Climate Policy and the Many Instruments of the EU

Week 2 - The EU Emissions Trading System

Week 3 - Carbon Pricing and the EU Transport Sector

Week 4 - Carbon Pricing and the Energy Sector

Week 5 - Financing the Transition to a Low-Carbon Economy

Learning outcomes

Upon completion of this course, participants will be able to:

  • Identify the main elements of the International Climate Agreements
  • Describe the main elements of these international agreements and policies that were developed in response by the EU and other countries
  • Identify the most important features of the Paris Agreement, and its strength and weaknesses
  • Identify the different EU climate policy instruments as well as the lessons learnt from the EU climate policy-making experience
  • Evaluate the importance of applying a price to carbon emissions and give a summary of the main elements of the design of the Emissions Trading System
  • Explain why the EU ETS has been designed this way
  • Describe the scope of this instruments and the emerging issues, especially regarding the counties outside the EU
  • Report CO₂ targets and average emissions from transport (road, aviation and shipping)
  • Evaluate the key policy instruments at EU level to reduce emissions in the road transport sector
  • Describe an overview of current and future EU and international legislation in aviation and shipping
  • Describe the main elements of the EU’s energy policy
  • Identify the main challenges and opportunities of increased renewable energy production and consumption
  • Describe the various benefits of energy efficiency measures for the EU
  • Describe the main characteristics of low carbon investments
  • Summarise EU financial instruments for the transition to a low carbon economy
  • Identify the main de-risking instruments for attracting private finance for low-carbon investments
  • Evaluate the strengths and weaknesses of voluntary carbon markets

Learning methods

Courses are split into weeks, activities, and steps, but participants can complete them as quickly or slowly as they like.

For further information about the course and the learning methods please check here.

Further information

For further information please send an email to [email protected].

Coordinators & Lead Instructors

Themes / Areas


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