Import Ref: 
44
Import Imported: 
1

The recent revision for the fourth phase of the EU ETS extended the use of transitional free allocation for the period 2021 – 2030. Moreover, the revision introduced some new rules for free allocation and adjustments to free allocation due to production changes. While these new rules set out the main criteria, the European Commission has the mandate to adopt more detailed implementation rules and requirements.

According to the indicative planning of the European Commission, the current free allocation rules will be updated in a new delegated act, expected to be adopted in Q4 2018. Moreover, an implementing act is expected to be adopted in Q3 2019 which will set out the provisions for the adjustments of the levels of free allocation based on changes in production levels.

While some of the main rules for free allocation adjustments due to production changes are clearly included in the phase 4 revision (e.g. the 15% threshold calculated on a rolling average of two years), a number of issues for discussion and clarification remain. For example, the preambles of the phase 4 amendments include the vision for the Commission to ‘consider further measures to put in place, such as the use of absolute thresholds regarding the changes of allocations’.

This meeting gives the opportunity for stakeholders to discuss this important issue with each other and with policymakers. The objective is to take an open approach to the issue by looking at examples from other emission trading systems and discussing the (dis)advantages, for specific sectors and the EU as a whole, of different ways free allocation adjustments can be organised.

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Brussels, Belgium
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Date period: 
Friday, 12 October 2018 - 1:30pm to 4:30pm

The Market Stability Reserve was put in place to address the current surplus of EUA’s in the market, as well as “normal” levels of surplus that may emerge in future years. The performance of the MSR is therefore critical to the well-functioning of the EU ETS. However, the parameters have not been tested in real life, and many were put in place a while ago, especially the thresholds. As the MSR starts to operate, monitoring its parameters and their fit with the current environment is important.

Policies that support the deployment of renewable energy sources (RES) and the improvement of energy efficiency (EE) will continue to drive emission reductions in the EU, effectively ‘overlapping’ with the EU ETS, and ultimately limiting its role as a driver for decarbonization. The recently agreed targets of the 2030 EU Energy package (32% for renewables and 32,5% for energy efficiency) will certainly lead to additional CO2 reductions in EU ETS sectors and will further impact the supply- demand balance in the market.

Therefore, in spite of the doubling of its withdrawal rate until 2023, the MSR may not, under certain conditions, be able to mitigate the impact of those policies on the EU ETS during Phase IV.

The MSR reviews scheduled in 2021 and 2026 will be key to assess the accuracy of its parameters to mitigate ex-post the effects of overlapping policies on the EU ETS which targets have been significantly reinforced last June.

Questions to be discussed during this meeting

  • The MSR parameters were adjusted a while ago but we are currently facing a new situation - whatare developments that need to be taken into account in light of the review cycle? (e.g. new targets for EE and RES; changes in economic growth and forecasts for the future; new provisions for the 4thPhase adopted this year, etc.)
  • How will this new context influence the behaviour of players on the ETS market and to what extent will the MSR, with its current parameters, be able to remove future unexpected unbalances (e.g. impact on the evolution of the carbon price, etc.)
  • What are possible changes in hedging behaviour? If significant changes occur, what impact will it have on the market?
  • How should proposals to modify the MSR design be analysed and judged? What should be changed to ensure the MSR is resilient?

 

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Brussels, Belgium
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Date period: 
Friday, 12 October 2018 - 9:30am to 12:45pm

The revision for the fourth phase of EU Emissions Trading System (2021-2030) introduced a number of important changes concerning funding mechanisms in the system. Existing mechanisms – solidarity provision and 10c derogation – were updated, and new instruments – the Modernisation Fund and the Innovation Fund – have been added. Adoption of the ETS Directive was merely a first step; important questions remain to be answered in the implementation phase.

 

ERCST, in cooperation with Central European Energy Partners (CEEP), is preparing a paper that is intended to guide stakeholders through the complex infrastructure of funding mechanisms in the revised EU ETS. This meeting aims to discuss the findings of the paper and to provide a platform for actors from the industry, governments and NGOs to engage in a constructive dialogue about challenges and expectations for the implementation of funding mechanisms.

 

Please register by using this link

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Place: 
Brussels, Belgium
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Date period: 
Wednesday, 12 September 2018 - 10:00am

This is one of the outreach meetings of the 2018 State of the EU ETS Report, organised in 4 European capitals. During this meeting, the authors will present the Report and their findings through a presentation, after which the Report will be discussed in a roundtable setting with stakeholders. 

The “2018 State of the EU ETS” Report, the third of its kind, aims to provide such 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, analyses whether the system is performing and delivering, and discusses how the recently concluded Phase 4 review could affect its functioning from 2020 onwards.
 
This meeting is hosted by Confindustria, and will take place at their premises. 
 
To participate in this event, please register by using this link
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Place: 
Berlin, Germany
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We participate
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The 2018 State of the EU ETS Report is a joint initiative by ERCST/ICTSD, Nomisma Energia, I4CE, Wegener Center at the University of Graz and EcoAct

Date period: 
Monday, 18 June 2018 - 1:00pm

This is one of the outreach meetings of the 2018 State of the EU ETS Report, organised in 4 European capitals. During this meeting, the authors will present the Report and their findings through a presentation, after which the Report will be discussed in a roundtable setting with stakeholders. 

The “2018 State of the EU ETS” Report, the third of its kind, aims to provide such 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, analyses whether the system is performing and delivering, and discusses how the recently concluded Phase 4 review could affect its functioning from 2020 onwards.
 
This meeting is hosted by Confindustria, and will take place at their premises. 
 
To participate in this event, please register by using this link
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Place: 
Prague, Czech Republic
Event type: 
Our events
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programme 1
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English
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The 2018 State of the EU ETS Report is a joint initiative by ERCST/ICTSD, Nomisma Energia, I4CE, Wegener Center at the University of Graz and EcoAct

Date period: 
Friday, 22 June 2018 - 10:00am

This is one of the outreach meetings of the 2018 State of the EU ETS Report, organised in 4 European capitals. During this meeting, the authors will present the Report and their findings through a presentation, after which the Report will be discussed in a roundtable setting with stakeholders. 

The “2018 State of the EU ETS” Report, the third of its kind, aims to provide such 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, analyses whether the system is performing and delivering, and discusses how the recently concluded Phase 4 review could affect its functioning from 2020 onwards.
 
This meeting is hosted by I4CE, and will take place at their premises. 
 
To participate in this event, please register by using this link
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Place: 
Paris, France
Event type: 
Our events
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Promote to homepage: 
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Region: 
Europe
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Event
programme: 
programme 1
Language: 
English
Partners: 

The 2018 State of the EU ETS Report is a joint initiative by ERCST/ICTSD, Nomisma Energia, I4CE, Wegener Center at the University of Graz and EcoAct

Date period: 
Wednesday, 13 June 2018 - 10:00am

This is one of the outreach meetings of the 2018 State of the EU ETS Report, organised in 4 European capitals. During this meeting, the authors will present the Report and their findings through a presentation, after which the Report will be discussed in a roundtable setting with stakeholders. 

The “2018 State of the EU ETS” Report, the third of its kind, aims to provide such 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, analyses whether the system is performing and delivering, and discusses how the recently concluded Phase 4 review could affect its functioning from 2020 onwards.
 
This meeting is hosted by Confindustria, and will take place at their premises. 
 
To participate in this event, please register by using this link
 
 
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Place: 
Rome, Italy
Event type: 
Our events
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Promote to homepage: 
Yes
Region: 
Europe
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Event
programme: 
programme 1
Language: 
English
Partners: 

The 2018 State of the EU ETS Report is a joint initiative by ERCST/ICTSD, Nomisma Energia, I4CE, Wegener Center at the University of Graz and EcoAct

Date period: 
Thursday, 7 June 2018 - 10:00am