Publications2

Reports & Briefings

Briefing: A fresh start for the ETS

This paper looks at the EU Emissions Trading Scheme (ETS) starting point in 2021 and how it affects the ETS phase 4 emissions budget.

In its draft legislation for the reform of the EU Emissions Trading Scheme (ETS), the European Commission proposed that the ETS budget should be calculated as a straight line drawn between the minus 21% ETS target set for 2020 and the minus 43% ETS target set for 2030 (both below 2005 emissions).

EU’s emissions, however, are expected to be much lower than the ETS cap in 2020: at about 38% below 2005 emissions. If the 2020 target is used as the starting point, the new cap will start at a considerably higher level than emissions will likely be in 2021, building oversupply into the new carbon budget right from the start.

To avoid a new surplus CAN Europe is calling for the ETS starting point to be set at actual emissions (average of 2017-2019 emissions) instead of the 2020 target. Lowering the starting point in that way would reduce a potential new surplus by at least 300 million tonnes.

CAN Europe Briefing: A fresh start for the ETS

Latest Publications

  • Briefing on energy efficiency and Emissions Trading Scheme

    As the European Parliament and the Council of the European Union enter the phase of intense negotiations on the Clean Energy for All Europeans package, it is important to underscore that a higher energy efficiency target will help the EU in reducing its greenhouse gas emissions and thus also in implementing its commitments under the Paris Agreement. Therefore, increasing the energy efficiency target should be welcomed as an opportunity to revise the EU's inadequate climate target and further strengthen the relevant tools, such as the Emissions Trading System (ETS).
  • Letter to Commissioner for Environment, Maritime Affairs and Fisheries on revised standards for large combustion plants

    Dear Commissioner Vella, On 28 April the Commission will seek the approval of the Industrial Emissions Directive (IED) Article 75 Committee for a revised version of the so-called ‘LCP BREF’ industrial standards document. It is essential that no last-minute changes are made to weaken the final draft of this document, which was agreed by consensus at the IED Forum meeting in October 2016.
  • Briefing: Five things you should know about Energy Union Governance

      The governance regulation brings together climate and energy policies, climate change mitigation and adaptation and aims at managing the low-carbon transition as a whole. This short briefing presents you five things you need to know about the regulation. Spoiler: the text still needs to be strengthened for it to become the transition framework it has the potential to be.
  • Letter to heads of state on the Financial Transactions Tax (FTT)

    Dear heads of state, We, the undersigned, coalitions of civil society organisations and trade unions representing millions of European citizens campaigning for the Financial Transactions Tax (FTT), write to you on the anniversary of the Treaty of Rome as you meet to discuss the future of the European Union.
See All: Climate & Energy Targets