The EU-ETS Price Through 2030 and Beyond

The EU-ETS Price Through 2030 and Beyond

A closer look at drivers, models and assumptions

Event: Digital Event
Date: 30 November 2022
Location: online
Speaker: Benjamin Görlach

While policymakers are currently mulling over the EU-ETS reform, it is a good time for analysts and scientists to take a step back and discuss the analytical tools used to project the outcome – specifically, the expected, predicted or necessary carbon price(s) towards 2030. To that end, the Potsdam-Institute for Climate Impact Research (PIK) and Ecologic Institute organised a workshop in Brussels on 30 November 2022.

In this back-to-back webinar, we presented the key findings from this workshop and also clarified the importance of long-term ETS prices for achieving the EU’s climate targets. The second part of the webinar was reserved exclusively for questions by online participants.

Welcome by moderator (B. Garside, Carbon Pulse)
Opening remarks by O. Edenhofer (Chair of the European Scientific Advisory Board on Climate Change (ESABCC), Director PIK): Why should we care about the ETS price in 2030 and beyond?
Synthesis of key overarching findings by organizers (M. Pahle, PIK, and B. Görlach, Ecologic Institute)
Views by participating modelling-teams: E3M, Enerdata, Kobize, Refinitiv, BNEF, ICIS, PIK
Q&A with webinar participants [45 min]

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Publication:Policy Brief

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Ariadne-Hintergrund

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Ariadne-Analysis

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Publication:Conference Paper

This document presents main takeaways and insights from a workshop organised by the Ariadne Project in Brussels on 30 November 2022. The workshop convened experts from seven organisations that operate carbon market models – academic institutions as well as carbon market analysts.

The EU-ETS Price Through 2030 and Beyond: A closer look at drivers, models and assumptions

Input material and takeaways from a workshop in Brussels

Year 2022

Event:Conference

With the Fit-for-55 package about to be put into law, and the RePowerEU plan adopted in response to the energy crisis, EU climate and energy is undergoing the most profound change in years, getting the EU on track to a post-fossil energy system. In a three-day series of events, partners from the Ariadne research project presented key insights from their work that is relevant for the further development of EU climate and energy policy, and discussed these with representatives from political institutions, academia, civil society and business. The events served to share research insights, to discuss and validate findings and their relevance for EU policy process, and to gather inputs for further research.

Shaping EU Climate and Energy Policy: Insights from and for the Ariadne Project

30 November - 2 December 2022
Brussels, Belgium

Publication:Article

Social concerns around introducing a carbon price for transport and heating fuels (ETS2) are legitimate. But the EU Parliament overshot the mark in its aspiration to cushion households, which becomes apparent in its request for changes to the Social Climate Fund (SCF), write Michael Pahle, Nils aus dem Moore and Benjamin Görlach in their article for EURACTIV.

How to Make ETS2 Work for Climate and People

Year 2022

Publication:Report

In this Ariadne publication, experts from Ecologic Institute, Potsdam Institute for Climate Impact Research, RWI – Leibniz Institute for Economic Research, Mercator Research Institute on Global Commons and Climate Change, Stiftung Umweltenergierecht, ZEW – Leibniz Centre for European Economic Research and IER Stuttgart analyzed various options for the relief and level of the CO2 price – and identified advantages and disadvantages as well as implementation requirements of different design options. The focus is on two key political points of contention, where scientific findings can prevent an impending hardening of the position and thus promote a consensus that is conducive to climate protection.

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Ariadne Report

Year 2022

Funding: Federal Ministry of Education and Research (BMBF), Germany
Organizer: Potsdam Institute for Climate Impact Research (PIK), Germany

Ecologic Institute, Germany
Speaker: Benjamin Görlach
Team: Philip Katz
Date: 30 November 2022
Location: online
Language: English
Project: Evidence-based Assessment for the Design of the German Energy Transition (Ariadne)
Project ID: 30003
Keywords: Climate

Economics

Further Links

Ariadne project website (German)

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