"CMIA helped to explain the potential for project-based mechanisms across a variety of constituencies and is a key voice driving the conversation on results-based finance and sector approaches for scaling-up emission reduction investments. We urgently need input from organisations like CMIA to operationalise Art 6 of the Paris Agreement."

Mr. Franz-Josef Schafhausen, former Director General Climate Change, European and International Affairs, Federal German Ministry of the Environment, Nature Conservation, Building and Nuclear Safety

2020 State of the EU ETS Report

7th May 2020 by CMIA

The EU Emissions Trading System (EU ETS) is important through its role as the “cornerstone” of EU climate change policy as well as a “role model” and “pioneer” for carbon markets.

It is important that, in addition to the regulatory requirements, it be subjected to a thorough and independent review, to discover if it delivers on explicit, and what have become “expected” objectives, as well as discover any issues that need to be better understood.

The Report is intended as a “snapshot”, providing policymakers and stakeholders with an overview of how the EU ETS is doing by April of each year, based on previous year data.

The report focuses on 6 key areas:

  • Implications of COVID-19
  • Recent policy developments
  • Environmental delivery
  • Economic delivery
  • Market functioning
  • The EU ETS in the European Green Deal

The State of the EU ETS Report aims to be 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, while also identifying a number of issues that will need to be monitored in the coming years. This is the fifth, yearly edition of the Report.

The report is jointly produced by ERCST, BloombergNEF, the Wegener Center and Ecoact

Download the full report here: https://bit.ly/EUETS_2020