The future of the EU ETS

This CERRE members’ only Energy & Climate webinar discussed carbon pricing, carbon taxes and the EU ETS in the aftermath of the COVID-19 crisis.

The upcoming revision of the 2030 GHG reduction target and the uncertainties of the COVID-19 crisis require thorough thinking about the existing carbon taxation schemes and the future of the ETS.

The possibility to move towards hybrid carbon prices arrangements at national levels, the temptation to expand the scope to other sectors, and the potential implementation of a Carbon Border Adjustment Mechanism (CBAM) underline the fundamental need to anticipate how an efficient and optimal EU ETS system should look like for 2021-20230 and post-2030.

Prof. Nils-Henrik von der Fehr (University of Oslo), Prof. Friðrik Már Baldursson (Reykjavik University), with the participation of Prof. Michael Pollitt (University of Cambridge) and Geoffroy Dolphin (University of Cambridge), presented their views on the best research angles in the aftermath of the COVID-19 crisis.