Where Did All the Money Go?

How EU member states spent their ets revenues – and why tighter rules are needed

Publication: Report
Citation: WWF (Ed.) 2022: Where did all the money go? How EU member states spent their ETS revenues - and why tighter rules are needed.

The report looks at how the system generates income for Member States and how they spent this money over the 2013-2021 period. WWF's analysis finds the current system is full of flaws and that significant changes are needed – including much stricter rules on how EU countries spend their ETS cash. Ecologic Institute's Isabel Haase contributed to the report.

The Emission Trading System, a decade of 'polluters-don't-pay' principle

Language: English
Authorship: Romain Laugier and Florian Cassier (WWF)
Credits: The authors would like to thank all those who provided valuable inputs and/or reviewed this report, notably, Domien Vangenechten (E3G), Isabelle Haase (Ecologic Institute) and Marta Anczewska (CAN-Europe).
Within WWF the report benefitted from inputs and/or review from: Alex Mason, Camille Maury, Katie Treadwell.
Published by: World Wide Fund For Nature (WWF), International
Year: 2022
Dimension: 15 pp.
Table of contents: Click to show full table of contents

TABLE OF CONTENTS
INTRODUCTION
1. ETS REVENUE FOR EU COUNTRIES - AN ALL-TIME HIGH
2. FREE ALLOWANCES AND CARBON PRICE COMPENSATION FOR INDUSTRY
3. MEMBER STATE SPENDING OF ETS REVENUES
4. QUALITY SPENDING: DEFINING ‘CLIMATE ACTION’ UNDER THE ETS
5. NATIONAL REPORTING ON ETS REVENUE USE: ACCOUNTABILITY AND TRANSPARENCY
6. ENSURING THE MODERNISATION FUND IS COMPATIBLE WITH CLIMATE NEUTRALITY
CONCLUSION
Keywords: Climate

Economics