Reviewing the EU ETS Review?

CEPS Task Force Reports, 2012

37 Pages Posted: 24 Nov 2012

See all articles by Christian Egenhofer

Christian Egenhofer

Centre for European Policy Studies (CEPS)

Andrei Marcu

Centre for European Policy Studies (CEPS)

Anton Georgiev

Centre for European Policy Studies (CEPS)

Date Written: November 12, 2012

Abstract

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

Suggested Citation

Egenhofer, Christian and Marcu, Andrei and Georgiev, Anton, Reviewing the EU ETS Review? (November 12, 2012). CEPS Task Force Reports, 2012, Available at SSRN: https://ssrn.com/abstract=2179814

Christian Egenhofer (Contact Author)

Centre for European Policy Studies (CEPS) ( email )

1 Place du Congres
B-1000 Brussels, 1000
Belgium

Andrei Marcu

Centre for European Policy Studies (CEPS) ( email )

1 Place du Congres, 1000
Brussels, 1000
Belgium

Anton Georgiev

Centre for European Policy Studies (CEPS) ( email )

1 Place du Congres
Brussels, 1000
Belgium

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