Climate | Policy Brief
Lessons from carbon pricing in Europe : beyond effectiveness
26 September 2025

Authors: LESSMANN, Kai; DÖBBELING-HILDEBRANDT, Niklas; EMMERLING, Johannes; FERRARI, Albert; HERNANDEZ CARBALLO, Ireri; NÚÑEZ-YEBRA, Pablo; PIETZCKER, Robert; RAUDE, Marie; ROCCHI, Paola; SAVIN, Ivan; TERRANOVA, Roberta; VAN DEN BERGH, Jeroen

The European Union Emissions Trading System (EU ETS) is the world's largest carbon market and a cornerstone of the EU's strategy to combat climate change. It is a primary tool for reducing greenhouse gas emissions in energy-intensive sectors and plays a central role in achieving the EU's climate targets. This Policy Brief highlights several critical aspects of the EU ETS's performance, including its demonstrated ability to reduce emissions even at relatively low prices compared to social cost of carbon estimates.
logo cadmus Read it on Cadmus Download in open access

LATEST FSR PUBLICATIONS

Article
The International Court of Justice (ICJ)’s Advisory Opinion on Obligations of States in Respect of Climate Change, delivered on July 23, 2025, 1 marks a pivotal moment in international climate [...]
Working Paper
The electricity market design reform repositioned capacity markets: they are no longer regarded as last-resort, temporary measures. In practice, their perimeter is also expected to expand, with at least seven [...]
Article
This article provides an overview of the most relevant cases decided by the Court of Justice of the European Union concerning contract law. The present issue covers the period between [...]

Join our community

To meet, discuss and learn in the channel that suits you best.

scroll

top