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LIFE SIDE Online course on the EU Emissions Trading System

11 June – 13 July 2018  |   Online

This 5-week online course will include video lectures, readings, as well as interactive online activities. A one-hour live class will take place each week on Fridays, aimed at discussing issues related to the module of the week and enabling interaction between the participants and the instructors. 

The course is free of charge, and is part of the LIFE SIDE project. Co-funded by the EU’ LIFE Programme, the project supports European policy makers with the design and implementation of the EU ETS legislation.


  • Introduction

    The EU ETS is the cornerstone of the EU’s climate policy as well as still today the largest emissions trading scheme in the world. Launched in 2005, the EU ETS regulates greenhouse gas (GHG) emissions from more than 11,000 heavy energy-using and power generating installations and airlines, covering about 45% of the EU’s total GHG emissions. 31 countries participate in the scheme: the 28 EU Member States plus Lichtenstein, Norway and Iceland.

    Though it can be of use to any EU ETS stakeholder, this online training course aims to provide policy makers in the first place with a comprehensive analysis of the functioning of the European carbon market and of its performance.

  • Course Material - open access

  • Structure of the Course

    This 5-week online course will include video lectures, readings, as well as interactive online activities. A one-hour live class will take place each week on Fridays, aimed at discussing issues related to the module of the week and enabling interaction between the participants and the instructors.

    The programme of the course comprises the following 5 modules:

    • Week 1 (11-15 Jun) EU climate policies and the EU ETS
    • Week 2 (18-22 Jun) Allowance allocation, competitiveness effects, and carbon leakage
    • Week 3 (25-29 Jun) Low-carbon innovation and investment
    • Week 4 (2-6 Jul) Interactions with other policies and the Market Stability Reserve
    • Week 5 (9-13 Jul) The international dimension.

  • Target audience

    This training primarily targets European policy makers working in the area of the EU ETS. However, it can be of interest also for anyone who is not already well familiar with the subject and would like to learn more about it.

  • Faculty

    Simone Borghesi is Director of the Florence School of Regulation – Climate (FSR Climate), part-time professor at the EUI and Professor of Environmental Economics at the Department of Political and International Sciences, University of Siena, Italy. He is President of IAERE (Italian Association of Environmental and Resource Economists) and Co-director of the research group R4S (Regulation for Sustainability) at the University of Siena. He has been member and/or coordinator of several national and international projects and among the leading authors of the report “Pathways to deep decarbonization in Italy”, published in 2015 by SDSN (United Nations, New York) and IDDRI (Paris). He has published three books and more than 50 articles in edited books and peer-reviewed international journals. He has been Visiting Scholar at INRA, University of Cambridge and ETH, invited speaker at several international conferences and invited participant at the United Nations. He holds a PhD in Economics from the European University Institute, and a M.Sc. in Economics from University College London. In the past he worked at the International Monetary Fund and at the Fondazione ENI Enrico Mattei, Milan.

    FSR Climate experts:

    External experts:

    • Stefanie Hiesinger is a legal officer working at the Directorate-General Climate Action of the European Commission. In this capacity, she has been involved in developing market-based responses to climate change. Since 2010, she has been working on the drafting, the negotiation and the implementation of legislation related to the EU Emissions Trading System (ETS) and other climate-related legislation. In particular, she has been involved in deriving the benchmark-based system and the free allocation rules harmonised at EU level as from 2013 as well as in the legislative process establishing the Market Stability Reserve. Between 2014 and 2018, her work focused on the legislative process of the revision of the EU ETS Directive for phase 4 due to start in 2021. Stefanie Hiesinger has a French and German law degree and a French D.E.A. in Public and Environmental Law (LL.M equivalent) with her work focused on climate change issues in relation to WTO Law.
    • Andrei Marcu is a Senior Fellow at the International Centre for Trade and Sustainable Development (ICTSD) in Geneva. He was the Founder and President and CEO of International Emissions Trading Association (IETA) and is currently a Board Member. Since 1993, Marcu has been actively involved in many areas of climate change–related initiatives, including as Chief Executive Officer of BlueNext, the environmental exchange, based in Paris. He joined Mercuria Energy in September 2009 in the role as Head of Regulatory Affairs, Environment, and Climate Change. He also acted as Senior Managing Director of the Word Business Council for Sustainable Development in charge of Energy and Climate and as Vice Chair of the Energy and Environment Commission of the International Chamber of Commerce in Paris.
    • Misato Sato is an environmental economist with particular interest in climate change and energy. She has published widely on these topics, and also works with governments, businesses and NGOs on topics of shared interest, such as carbon pricing, trade and green growth. Misato is based at the London School of Economics and Political Science (LSE) where she is Deputy Director of the ESRC Centre for Climate Change Economics and Policy, and Assistant Professorial Research Fellow in the Grantham Research Institute on Climate Change and the Environment, where she leads the Policy Design & Evaluation Programme. Her recent research explores the regulatory and institutional constraints to enabling low carbon transitions of energy intensive industries. She has extensively researched the European Union Emissions Trading System (EU ETS), evaluating its effectiveness and efficiency. She holds a PhD in Environmental Economics titled ‘Carbon emissions and bilateral trade’ from the London LSE, an MSc in Environmental and Resource Economics from University College London, and an MA Joint Honours in Economics and Chinese from the University of Edinburgh.
    • Luca Taschini is an expert in energy economics, industrial organisation, environmental economics, finance and the application of economics to public policy issues. He is an Assistant Professor at the University of Verona and an Associate Professorial Research Fellow at the Grantham Research Institute at the London School of Economics. His current research investigates environmental markets and energy markets. More specifically, he is studying the functioning and design of carbon markets. He has participated to several dedicated workshops on the design and implementation of carbon markets in Asia (China, Singapore) and South America (Cile) where he presented his research and taught environmental economics.
    • Aleksandar Zaklan is an expert in environmental economics and policy – with a focus on emissions trading – and in energy commodity markets. He is a senior researcher at DIW Berlin and the scientific coordinator of the Berlin Economics Research Associates (BERA) network. Aleksandar’s research focuses on empirical evaluations of environmental policy instruments and energy market issues. He publishes in leading journals in environmental and energy economics, and finance. Aleksandar holds a PhD in economics from TU Berlin, an MA in economics from Georgetown University, an MA in international relations from Johns Hopkins University and a BA in economic and social studies from Trinity College Dublin. Previously, he was a Jean Monnet Fellow at the European University Institute. In the past, he worked in the Research Department of the International Monetary Fund and the World Bank’s Development Research Group, among others.
  • Course Certificates

    At the end of the course, the participants can earn a Certificate of Completion or a Certificate of Excellence, depending of their performance throughout the course.

  • Fees

    The course is free of charge