Climate | Technical Report
Informing the carbon market policy dialogue : the emissions trading systems at a glance
02 April 2020
BY: GALDI Giulio, Stefano Verde, Isabella Alloisio, Simone Borghesi, FÜSSLER Jürg, JAMIESON Ted, SCHÄPPI Bettina, WIMBERGER Emily, ZHOU Li
The present report is chronologically the first output of the project LIFE DICET – Deepening International Cooperation on Emissions Trading (lifedicetproject.eui.eu). LIFE DICET supports EU and Member State policymakers in deepening international cooperation for the development and possible integration of carbon markets. This report is a collection of five short documents describing the Emissions Trading Systems (ETSs) currently in force in the following jurisdictions: EU, California-Québec, China, New Zealand and Switzerland. A central component of the DICET project is the Carbon Market Policy Dialogue (CMPD) between the European Commission, as the regulator of the EU ETS, and the regulatory authorities for the other ETSs in the above said jurisdictions. The purpose of this report, and of others that will follow, is to inform the CMPD. Specifically, the report collects basic information about the main features of the ETSs represented in the CMPD (e.g., sectors covered, number of installations, total allowance volume, allocation method, etc.) and, for each of them, provides brief explanations and relevant references concerning both the main current regulatory issues and the recent and prospective reforms. The report was written in December 2019, so it provides the reader with a snapshot of the ETSs at that specific point in time. This caveat is in order as each and every of the six ETSs has been going through a phase of relevant policy and regulatory changes.
logo cadmus Read it on Cadmus Download in open access

LATEST FSR PUBLICATIONS

Other
On 19th March 2020, the European Commission adopted a Temporary Framework for State Aid measures, which is based on Article 107(3)(b)TFEU and complements other possibilities available to Member States to [...]
Technical Report
In 2020, the Florence School of Regulation (FSR) published a comprehensive study peer reviewing major analyses in the area of energy decarbonisation with the aim of giving a coherent interpretation [...]
Technical Report
This report was prepared to inform the Carbon Market Policy Dialogue (CMPD) between the European Commission, as the regulator of the EU Emissions Trading System, and the regulatory authorities for [...]
Other
EU gas and electricity prices have increased rapidly over the last few months and reached unprecedented levels. While the recent energy price dynamics reflect current market conditions and have little [...]
Other
The dramatic surge in electricity and gas prices recently experienced across Europe was due to a combination of factors. These include a decline in gas supply to Europe, meeting rising [...]
Other
The EU has decided to achieve carbon neutrality by 2050. While energy efficiency and renewable energy must and will remain the foundation of the EU's future energy priorities, carbon capture, [...]

Join our community

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

scroll

top