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EU ETS and ensuring a cost-efficient delivery of climate targets

Add to calendar 2024-05-22 09:30 2024-05-22 11:00 Europe/Rome EU ETS and ensuring a cost-efficient delivery of climate targets Elinor Ostrom Room, Palazzo Buonatlenti YYYY-MM-DD


22 May 2024

9:30 - 11:00 CEST


Elinor Ostrom Room, Palazzo Buonatlenti

Session as part of the EUI Climate Week 2024.

Liquidity in the EU ETS is expected to tighten during the 2030s, as confirmed by the impact assessment accompanying the 2040 Communication by the EU Commission. An exploratory discussion is envisaged on how the EU ETS will continue to provide cost-efficient price signals to market participants, in particular industry, while avoiding excessive volatility and price spikes. Are future scope extensions as well as the inclusion of removals part of the answer? The Market Stability Reserve has been an adequate response in times of excessive supply, does it need a review in the light of a tight ETS market? Could the use of offsets be considered for some sectors and, to a limited extent, in particular the aviation sector being part of CORSIA for its international operations? These options could have a stabilising effect on the ETS, helping ensure adequate liquidity, and thereby continuing its efficient functioning. The design features should obviously fit within the climate targets adopted in the EU Climate Law.

Moderation: Michael Pahle, Working Group Leader, Climate and Energy Policy, Potsdam Institute for Climate Impact Research


Haege Fjellheim, Head of Carbon Analysis, Veyt

Marco Mensink, Director general, CEFIC

Daniele Agostini, Head of Energy and Climate Policies, ENEL

Stephanie La Hoz Theuer, Senior Carbon Market Expert, ICAP

Conclusion: Peter Vis, Senior Research Associate, Florence School of Transnational Governance, European University Institute

All deliberations will take place under the Chatham House rule (no views or positions may be attributed publicly to any participant).

More information and the full programme of the EUI Climate Week 2024 can be found here.

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