The EU Emissions Trading System: All You Need To Know About The World’s Largest Carbon Market

Tuesday 22 July 2014 from 15:00 to 17:00 European Parliament – Room JAN 6Q1 AN EVENT KINDLY HOSTED BY: Peter LIESE, EPP Matthias GROOTE, S&D Gerben-Jan GERBRANDY, ALDE Bas EICKHOUT, Greens/EFA The EU Emissions Trading System (EU ETS) is the largest carbon market in the world covering more than 11,000 power stations and industrial plants …

Policy Briefing on the European Parliament Report on 2030 Climate Package

The current EU Effort Sharing Decision1 (ESD) ensures that the EU’s greenhouse gas (GHG) target for 2020 is legally binding for Member States and economy wide in scope. It covers almost 60% of Europe’s GHG emissions. Those sectors must deliver significant emissions reductions in the period from 2020 to 2030 if the EU is to develop on a competitive low carbon pathway. A legal framework for non-ETS emissions is therefore essential for the 2030 Climate package. In addition, effective policies in the ESD sectors can yield many other benefits such as job creation and improved public health. We urge the Parliament to utilize its upcoming report on the 2030 package to engage in a constructive debate and help secure the future and reform of the ESD.