The European Commission has confirmed plans to enshrine a 90% greenhouse gas (GHG) reduction target by 2040 into law, in line with the European Climate Law’s goal of achieving climate neutrality by 2050. Achieving the 2030 interim target is crucial, with the implementation of Fit-for-55 proposals playing a key role. In this context, assessing sectoral progress and strengthening policies to enhance ambition are critical. This policy brief highlights insights from the 2024 Net Zero Carbon Market Policy Dialogue (NZCMPD), organized under the LIFE COASE project, which explored the future of the EU Emissions Trading System (ETS). The discussions addressed expanding carbon pricing to new sectors—such as the ETS2 and agriculture—, integrating domestic industrial carbon removals into the ETS, and overcoming methodological challenges in ex-ante modelling. These insights, informed by input from the academic literature, contribute to the broader debate on shaping the future of carbon markets in the EU.
The international carbon market landscape contin ued to evolve rapidly in 2024, reflecting the grow ing urgency of addressing climate change and addressing it through cost-effective policy instru ments. Compliance [...]
The EU Electricity Market Design reform requires transmission and distribution system operators to provide transparent information on the available grid capacity for new connections, commonly referred to as hosting capacity [...]
The European Union (EU) has made significant progress in reducing CO2 emissions in recent decades, partly due to the implementation of the EU Emissions Trading System (EU ETS). However, the [...]
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