New EU Emissions Trading System: What should change? - online event 

On September 2, the Secretariat attended the online event “New EU Emission Trading System: what should change?” organised by Euractiv.

Set up in 2005, the EU Emissions Trading System (ETS) is the world's first international emissions trading system based on the 'cap and trade' principle. A cap is set on the total amount of certain greenhouse gases that can be emitted by the installations which are covered by the system and which can buy or receive emissions allowances. With the FITfor55 Package (July 2021), the European Commission is now proposing to revise and possibly expand the scope of the ETS, claiming that this system has proved that putting a price on carbon is possible and makes economic sense. During the Euractiv event, panellists discussed the pros and cons of the current EU ETS, especially with a view to pursuing the EU’s goal to cut CO2 emissions of 55% by 2030.

Speakers of the event included: Ms. Beatriz Jordi Aguirre, Director of the European & International Carbon Markets at the Directorate General for Climate Action (DG CLIMA, European Commission); Mr. Marian-Jean Marinescu, member of the Committee of Industry, Research and Energy of the European Parliament (ITRE, EP); Mr. Milan Elkerbout, Research Fellow at CEPS; Mr. Florian Rothenberg, EU Power & Carbon Markets Analyst at Independent Commodity Intelligence Services (ICIS); Mr. Robert Jeszke, Head of Strategy, Analysis and Auction Unit at the National Centre for Emissions Management (KOBiZE); and Mr. Pawel Cioch, Vice-President for Corporate Affairs at Polish Energetic Group (PGE).

For the recording of the event, please visit here.