Publications

Press release – Carbon pricing beyond 2020: Europe must recalibrate its Emissions Trading Scheme

1 December 2015 - Foreword of the week

Entitled “Exploring the EU ETS Beyond 2020: A first assessment of the EU Commission’s proposal for Phase IV of the EU ETS (2021-2030)”, the report, produced jointly by I4CE – Institute for Climate Economics and Enerdata, and in collaboration with IFPen, provides new, factual, independent and quantified analysis on EU ETS operationality by 2030, to examine the necessary conditions to improve its environmental and economic effectiveness.

Launched in September 2014, the research program on the COordination of EU Policies on Energy and CO2 (COPEC) with the EU ETS by 2030, aims to prepare economic policymakers for the debate on the revision of the European Emissions Trading Scheme (EU ETS) in the framework of the 2030 Climate and Energy Package.

Over five chapters, the COPEC report analyses five major challenges to the successful implementation of Phase IV of the EU ETS:

    • Defining a CO2 reduction target in line with energy policies such as Renewables and Energy Efficiency,
    • Implementing the Market Stability Reserve,
    • Addressing carbon leakage risk through free allocation,
    • Extending the EU ETS scope to include emissions from the road transport sector,
    • Financing the low-carbon transition through various funding mechanisms based on auction revenues.

Download the Executive Summary

Download the Full Report

About the COPEC research program

Our events dedicated to the COPEC report

November 2015 – Conference in Washington, US

December 2015 – Side-event, COP 21

To learn more
  • 07/24/2025 Blog post
    Can the next EU budget point the way to an investment plan for climate transition?

    Commission President von der Leyen announced a €2 trillion EU budget fit “for a new era,” set to launch for a seven-year period in 2028. As EU-watchers in Brussels and beyond scrambled to digest the reams of legislative proposals that followed this headline-grabbing announcement, much in the detail should give pause – especially from the perspective of closing the EU’s climate investment deficit.

  • 07/09/2025 Blog post
    What’s next for climate finance? From Seville to Belém

    With the dust settling from COP29’s hard-fought negotiations on the New Collective Quantified Goal (NCQG), attention is shifting to how the climate finance goal will be met. The challenge is how to scale up financing for increasingly connected priorities in a challenging landscape of debt stress and cuts in official development assistance.

  • 07/08/2025
    Annex 2 – Methodology note (2025 Edition)
See all publications
Press contact Amélie FRITZ Head of Communication and press relations Email
Subscribe to our mailing list :
I register !
Subscribe to our newsletter
Once a week, receive all the information on climate economics
I register !
Fermer