The “State of the EU ETS” Report aimed to provide an independent contribution to the policy debate, which is needed to ensure that the EU ETS is “fit for purpose”. This report discusses the current state of play in the EU ETS and the recent policy developments, analyses the efficiency of the system and includes a focus on the Market Stability Reserve (MSR) which started operating in January 2019.

The meeting was included a detailed presentation by the authors Andrei Marcu (ERCST), Matteo Mazzoni (ICIS), Emilie Alberola (EcoAct), Charlotte Vailles (I4CE), Stefan Schleicher (the Wegener Center of the University of Graz) and Jean Yves Caneill (ERCST), followed by a roundtable discussion with representatives of businesses, NGOs and governments.

The discussion was focused on 5 key issues:

1. Changes in regulatory environment and implications for the EU ETS
2. Environmental delivery
3. Economic efficiency
4. Market functioning
5. Policy issues to monitor in the future