Menu
Menu
Menu
The EU's emissions trading system is the world's largest carbon market and will soon get even bigger when reformed rules come into play. This week we get an insider take on the updated ETS from one of the negotiators that helped write the new rules
For the best possible audio experience, listen to Policy Dispatch in the FORESIGHT app. This requires a subscription to FORESIGHT Climate & Energy. If you would like to know if your company/organisation is subscribed to FORESIGHT Climate & Energy, or if you would like a reminder of your login details, send an email to info@foresightdk.com.
Europe’s emissions trading system is considered to be the backbone of EU climate policies. After very nearly 20 years of service, the carbon market plays a substantial role in cutting emissions and driving demand for green technology by enforcing the polluter pays principle. Late last year, EU negotiators brokered an agreement on how to update the ETS, so that emissions are cut even further and more emitting sectors are finally introduced to the world of carbon pricing. The reform promises much but with more rules, comes more complexity.
To understand more about the mammoth ETS deal, Policy Dispatch caught up with one of the negotiators that helped get the agreement over the line. Emma Wiesner, a Swedish MEP, chats with Sam live from her Parliament office in Strasbourg about what the future holds for the ETS, what aspects of the agreement disappointed her and how pricing pollution is just the start.
Enjoy the dispatch!
If you have any thoughts or questions about anything that has been discussed in this week’s episode, you can reach us at our Twitter accounts:
Emma Wiesner
Sam Morgan
@Policy Dispatch
FORESIGHT Climate & Energy
Listen and subscribe to Policy Dispatch wherever you get podcasts. Follow us on Twitter at @Policy Dispatch or email us at show@policydispatch.com
Show notes:
FORESIGHT Policy Section
Try full access to FORESIGHT Climate & Energy for €1 a day
Join over 100,000 policymakers, energy experts in business, finance, and academia, city leaders, and leading NGOs in having access to FORESIGHT Climate & Energy.
GET YOUR 30 DAY TRIAL
A review of the European Union’s fiscal rules in 2022 could open the door for massive public investments into the energy transition. A political fight over the direction of that amendment will dictate just how ambitious Europe can afford to be with its green policies
This week's special live recording of Watt Matters comes from Eurelectric's offices in Brussels, where the team is joined by Ditte Juul Jorgensen and three trade association chiefs to discuss ways Europe's electricity market is dealing with the shocks of the past 12 months while securing and stabilising the sector for the future
Placing decarbonisation of buildings on the international agenda means heat pumps can finally have their moment in the spotlight, says Richard Lowes of the Regulatory Assistance Project (RAP)
Governments can play an important role in affecting the financial markets to support decarbonisation, says James Shaw, Minister of Climate Change for New Zealand
Following yet another round of COP negotiations in Sharm El-Sheikh, Egypt, only limited progress again was made in the global effort to keep global warming limited to 1.5C. This week, the team discusses the value of these negotiations in the quest to avoid catastrophic climate change
Carbon prices at sufficiently high levels can push firms to internalise the costs of greenhouse gas emissions while providing a long-term price signal to drive investments needed for decarbonisation. Emission trading systems and carbon taxes feature in a growing number of climate strategies, but even the most well-designed instruments must be accompanied by other policy measures if emissions reductions goals are to be reached
As the energy landscape changes, so too could the geopolitical spectrum. Nations that have derived power and wealth from coal, oil and gas face an adapt-or-die moment while countries with the natural resources central to decarbonisation could find themselves holding more cards
Take a read of our most popular opinions from 2022 and hear from some of the brightest thought leaders on the energy transition
Consumers are more engaged in their energy use. Now is the time to leverage this desire to cut demand and support the grid in a flexible and rewarding way, says Lucy Yu from the Centre for Net Zero
Following COP27, the climate conversation is very much turning towards implementation. Insurance markets have a double role to play here, says Charlie Langdale from international insurance broker Howden
This week, Policy Dispatch chats with Agora Energiewende expert and FORESIGHT's own Michaela Holl about the EU's response to the ongoing energy crisis
Clean energy technology is becoming more efficient and powerful, while more money than ever is seemingly flowing into renewables. But administrative barriers thrown up by red tape and permitting bottlenecks threaten to put a damper on the energy transition
As major markets around the world add various forms of carbon tax, in the United States a country-wide price on carbon is a political non-starter
Low-carbon hydrogen will almost certainly be needed to cut emissions across a range of hard-to-abate sectors. However, if it is used to solve too many problems, it could end up delaying the energy transition and putting urgent decarbonisation plans in jeopardy
Recent Eurelectric analysis reveals the need to reconsider and improve a number of policies and priorities as part of the European Green Deal — the EU Emissions Trading System and an effective carbon pricing for non-ETS require careful consideration, says Petar Georgiev, Eurelectric Policy Advisor climate & e-mobility
A recent World Bank study reveals global carbon revenues are rising sharply, but only around 42% are used for environmental projects. It shows European and American citizens prefer their governments to spend carbon revenues on low-carbon initiatives, so why is political will lagging behind asks Susanne Dyrbøl from Rockwool Group
Leave a Reply