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.
Electrification has moved from a sectoral aspiration to the backbone of the European Union’s decarbonisation strategy, because it alone enables a sustainable break with imported fossil fuels. Yet as this [...]
The energy consumers are entering a new era of digitalisation in the energy market, and as a result, gaining access to innovative offers and services that were before non-existent to [...]
The literature on a ‘just transition’ has grown exponentially over the last decade. The success of the just transition scholarship is due to the earlier endorsement and dissemination of a [...]
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