EU ETS

This paper investigates the impact of the European Union Emissions Trading System (EU ETS) on carbon emissions and economic performance using the largest dataset published to date. Read more

This paper analyses the evolution of the EU ETS from a political economy perspective, emphasizing the interaction of economic principles and political interests at pivotal moments, and showing how each compromise changed the scope for future design choices. Read more

This report provides insights to inform the UK Government’s review on expansion of the UK Emissions Trading Scheme, focusing on three sectors that might fall within the scope of future policy changes. Read more

A new report from Energy Systems Catapult and the Grantham Research Institute on Climate Change and the Environment has found that while the UK Emissions Trading Scheme (ETS) could provide the backbone of an enduring economy-wide framework for reaching net zero, expanding it too early to sectors not yet covered risks undermining the scheme. Read more

The author of this paper provides a quantitative assessment of policy options to inform the 2021 review of the EU Emissions Trading System (ETS) and raise climate ambition. They use a permit trading model in which firms utilize rolling finite planning horizons, which replicates historical price and banking developments well compared to an in- finite horizon. Read more

This paper examines whether the European Union Emissions Trading System (EU ETS) has led companies to shift the location of production, thereby creating carbon leakage. Read more

Conflicting evidence has been presented on carbon leakage, caused largely due to misconceptions over the term’s meaning. The confusion is worth disentangling because it is obscuring the debate on how to act, argue Misato Sato and Josh Burke. Read more

Carbon pricing should be part of nothing less than a significant and broad package of post-COVID fiscal reforms, say Esin Serin and Josh Burke, as they outline what these reforms should look like. Read more

This paper examines whether the European Union Emissions Trading System (EU ETS) has led companies to shift the location of production, thereby creating carbon leakage. Read more

Bob Ward reviews Bjorn Lomborg’s new book, 'False Alarm', finding the misuse of outdated, concocted and misinterpreted numbers on the costs of climate action and concluding that the book’s central claim that the ‘optimal’ level of global warming by 2100 would be 3.75˚C was completely out-of-date before it was even published. Read more