The final rules for the Californian allowance trading scheme initiative, which was agreed in December 2010, were voted on October 20th 2011. As from 2013, this new carbon market, which covers 85% of Californian emissions, is expected to enable the State to return to its 1990 emissions level by 2020. It will be a life-size test for the implementation of economy-wide carbon pricing policies in the United States.
This study reviews recent public funding directed towards the downstream of the forest-wood sector and assesses how it contributes to climate mitigation and adaptation. Its objective is to inform better targeting of public support in a context of tightening budget constraints.
Since 2005, the EU Emissions Trading System (EU ETS) has been a cornerstone of Europe’s climate policy. With the price per tonne of CO2 now beginning to stabilise at between €60 and €80, and the gradual reduction in free allowances, 2026’s review of the system should be an opportunity to reflect on and upgrade its performance as the EU continues towards climate neutrality.
Since 2005, the EU Emissions Trading System (EU ETS) has been a cornerstone of Europe’s climate policy. With the price per tonne of CO2 now beginning to stabilise at between €60 and €80, and the gradual reduction in free allowances, 2026’s review of the system should be an opportunity to reflect on and upgrade its performance as the EU continues towards climate neutrality.
