Publications Carbon pricing

Exploring the EU ETS beyond 2020: A first assessment of the EU Commission’s proposal for Phase IV of the EU ETS (2021-2030)

1 December 2015 - Special issues - By : Sylvain CAIL / Kimon KERAMIDAS

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 research program 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.

Learn more about the COPEC research program

Exploring the EU ETS beyond 2020: A first assessment of the EU Commission’s proposal for Phase IV of the EU ETS (2021-2030) Download
See appendices
To learn more
  • 09/21/2022
    Global carbon accounts in 2022

    Carbon revenues were nearly USD 100 billion in 2021. This represents a more than 80% increase year-on-year (USD 53.1 billion in 2020, USD 97.7 billion in 2021). This increase is largely driven by the rise in allowance prices on the European carbon market, which exceeded the symbolic threshold of EUR 100/tCO2 for the first time in the summer of 2022.

  • 10/21/2021
    Global Carbon Accounts in 2021

    Explicit carbon pricing systems – a tax or a carbon market – continue to develop around the world. In the 2021 edition of its Global Carbon Accounts, I4CE presents the main trends and provides an overview of these public policies …

  • 05/15/2020 Op-ed
    The European carbon market put to the test by Covid

    The current economic crisis has caused a drop in the price on the European carbon market (or EU ETS for European Union Emissions Trading System) and will contribute to the increase in the surplus of allowances. This highlights how necessary it is to reform the mechanism for managing this surplus or even to implement a floor price. However, for Charlotte Vailles from I4CE and Nicolas Berghmans from IDDRI, this crisis should lead us to consider the EU ETS no longer as the “cornerstone” of decarbonisation in Europe, but as a safety net.

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