Carbon markets have emerged in recent decades as one of the most important tools for curbing industrial greenhouse gas emissions, but they present a number of novel enforcement challenges when compared with more conventional pollution regulations. These challenges include new regulators with narrow authority, lack of legal precedent, and more.
Europe is undergoing an unprecedented shift in the scale and ambition of climate policy following the announcement of the European Green Deal and the passage of the European Climate Law.
The EU is planning to reduce greenhouse gas emissions from road transport and buildings through the Fit for 55 policy package and the Emissions Trading System. This paper identifies who stands to be most affected, and how the proposed Social Climate Fund can contribute to a just transition for EU households.
The COVID-19 pandemic has had a profound impact on carbon emissions in Europe. In 2020, emissions from stationary installations covered by the EU Emissions Trading System (EU ETS) declined by 11.4% (surpassing the 9% decrease seen in 2019). Aviation was even more acutely impacted.
This paper assesses quantitative estimates based on economic modelling studies of the economic and environmental benefits from different forms of international co-ordination on carbon pricing. Forms of international co-ordination include: harmonising carbon prices (e.g.
Does unilateral climate change policy cause companies to shift the location of production, thereby creating carbon leakage? In this paper, analyse the effect of the European Union Emissions Trading System (EU ETS) on the geographical distribution of carbon emissions by multinational companies.
The European Union’s energy system is decarbonising rapidly. In 2019, emissions from stationary installations covered by the EU Emissions Trading System (EU ETS) declined by 9.1 %. Further reductions are expected in 2020, partially because of the Covid-19 crisis.
The European power sector is at the forefront of decarbonisation of the EU’s economy. Between 1990 and 2019 greenhouse gas emissions from the sector decreased by 44%, with a significant acceleration even before the COVID-19-induced economic crisis.
EU Member States are spending billions of Euros less on climate action through the Emissions Trading System (ETS) than they could, WWF analysis reveals.
