Reviewing the EU ETS Review?
CEPS Task Force Reports, 2012
37 Pages Posted: 24 Nov 2012
Date Written: November 12, 2012
Drawing on discussions within a CEPS Task Force on the revised EU emissions trading system, this report provides a comprehensive assessment of the pros and cons of the various measures put forward by different stakeholders to address the level and stability of the price of carbon in the EU. It argues that the European Commission, the member states, the European Parliament and other stakeholders need to give serious consideration to introducing some kind of ‘dynamic’ adjustment provision to address the relatively inelastic supply. The report also suggests that there is a need to improve communication of market-sensitive information, for example by leaving the management of the ETS to a specialised body.
Keywords: EU, emissions trading system, ETS, price stability of carbon in the EU, communication
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