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: EFSI support to fossil fuel projects

      In September 2016 the European Commission published its proposal for the prolongation of the European Fund for Strategic Investments (EFSI) until 2020, to be achieved by amending the existing regulation. In this briefing by CAN Europe, WWF, CEE Bankwatch and CounterBalance, current support to fossil fuel projects by the EFSI are summarized and recommendations to the legislative review of the EFSI are given. 
  • Letter to Commission on reducing emissions in aviation and maritime sectors

    In this letter CAN Europe, Transport & Environment, Seas at Risk, Carbon Market Watch and the Aviation Environment Federation urge the European Commission to ensure the aviation and maritime sectors reduce emissions in line with the temperature goals of the Paris Agreement.
  • Letter to the World Bank regarding loan to the Trans-Anatolian Gas Pipeline

    This letter, signed by 39 organisations, was sent to the World Bank in relation to the board discussion on a loan to the Turkish company Botas for the construction of the Trans-Anatolian Gas Pipeline (TANAP). In the letter, several social, environemntal and human rights issues with the TANAP are raised, and the organisations urge the board to at the very least postpone this discussion until the martial law inTurkey is cancelled; the NGO legislation in Azerbaijan is modified as requested by the EITI; and democratic participation in both countries is restored. Clearly, given the violations of World Bank Safeguard requirements during project appraisal, this project should not qualify for a Board vote.
  • Briefing: Reviewing the European Investment Bank’s carbon footprint methodology

    The European Investment Bank developed its methodology for calculating greenhouse gas emissions in 2012, and is now considering its further review. In this briefing CAN Europe together with CEE Bankwatch, WWF, Friends of the Earth Europe and Counterbalance review the existing carbon footprint methodology and provide recommendations for its further review. 
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