Carbon pricing has continued to expand despite significant geopolitical turbulence and pushback on national climate policies, with emissions trading systems and carbon taxes now covering close to 30% of global emissions.
An increasing number of jurisdictions are moving from planning and pilot phases to implementation, while three cross-cutting dynamics, the proliferation of carbon border adjustment mechanisms, the maturation of Article 6 of the Paris Agreement, and growing fragmentation across systems are shaping the global carbon pricing landscape.
This workshop examines what can be learned from the design and evolution of mature systems, including the EU and UK ETSs as they undergo review, and how these lessons apply to jurisdictions at earlier stages of development.
Discussion will focus on three areas: the conditions under which carbon pricing has historically taken hold, including gradual sectoral introduction, integration within a wider policy mix, and mechanisms for regular review; the scope for extending carbon pricing across sectors and geographies not yet covered, and the institutional capacities this requires; and the political and economic conditions, social acceptability, political economy alignment, and international cooperation, that determine whether new systems will further develop – and endure.
Speakers:
- Jacopo Bencini, Research Associate, Florence School of Transnational Governance
- Jacopo Cammeo, Research Associate, Florence School of Regulation, Climate
- Christian Dietz, Research Associate, Florence School of Transnational Governance
- Riya Kejriwal, Research Associate, Florence School of Transnational Governance
This session is part of the EUI Climate Workshop, a forum that brings together members of the EUI community from all departments working on climate-related issues across the institution. Find out more about the workshop and the upcoming sessions here.