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

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    This report shows that energy intensive industry sectors have been among the slowest in the European Union (EU) to reduce their greenhouse gas emissions and invest in solutions to decarbonise and maintain technological leadership.
  • Letter to President Juncker on the EU’s future finances

    The co-signatories of this letter represent a broad group of business associations, civil society, think tanks and other organisations who are working together to bring strong support to the EU’s commitment to achieve the UN Sustainable Development Goals and the Paris Climate Agreement objectives.    They have written to the President of the European Commission Jean-Claude Juncker to urge him to ensure that the EU’s future finances are aligned with Europe’s climate objectives and are consistent with the Paris Climate Agreement and Sustainable Development Goals across all programmes.   Open Letter to President Juncker on the Multi Annual Financial Framework
  • CAN Europe letter ahead of the Informal Environment Council on 10-11 April

    Brussels 29.3.2018 Dear Minister for Environment, At the upcoming Informal Environment Council on 10-11 April in Sofia you have been invited to discuss the European Union’s contribution towards the international climate negotiations and in particular towards the UNFCCC Talanoa Dialogue.
See All: Climate & Energy Targets