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The state of the EU ETS:

Advanced Briefing of Sandbag's annual report on the EU carbon market

NEW DATE

17.30-19.30, Tuesday 14th October 2014

The elephant in the room for EU Climate Policy

The vast surplus of allowances in the carbon market continues to be the elephant in the room for European climate policy

The Emissions Trading Scheme is at a crossroads. New legislation has been tabled to tackle the mounting oversupply of carbon allowances and a steeper trajectory has been proposed under the 2030 framework. But are these fixes enough to make Europe's flagship climate policy relevant again?

As policymakers consider these new changes to the EU carbon market, we examine how the last major set of changes to the ETS legislation fared in 2013, the first year they were implemented. We document where things have improved, where the new measures have proved inadequate, and explore further options for reform.

Please join us on Tuesday 14th October, at the Offices of the European Climate Foundation in Brussels, for a private in-depth discussion of the issues.

The report will then be launched in full at the Green Growth Summit at the European Parliament on Wednesday 15th October.

Photo by David Blackwell on Flickr, used under a Creative Commons Licence