EU ETS Review: A make or break decision for the climate

Join us on 10 May 2022 for this lively debate on how to fix the EU ETS to ensure the ‘polluter pays’ principle becomes a reality!

Last summer, the European Commission launched ‘Fit for 55’, a large package of legislative proposals to reform the EU’s 2030 climate and energy framework, including the EU’s Emissions Trading System (EU ETS).

The EU ETS is a cornerstone of the EU's climate policy and vital to its ambition to reach net-zero emissions by 2050. On 16 May 2022, the Committee on Environment, Public Health and Food Safety (ENVI) will vote on the proposal for the revision of the EU ETS.

The upcoming revision of the EU ETS represents a huge opportunity to strengthen the system and raise its climate ambition. In light of this make-or-break-decision, European parliamentarians involved in the file will share key insights and debate how the EU ETS can be improved: How can we raise climate ambition? What is the future of free emission allowances? How to use the ETS auctioning revenues wisely? This event will also be the launch of the study "The Revision of the European Union Emissions Trading Directive: Assessing Cap and Market Stability Reserve Reform Options" by Dr. Felix Matthes.

To stimulate raising climate ambition, a petition will be offered to the MEPs during the event to end a fossil subsidy within the ETS: Indirect Cost Compensation. Click here to sign this petition or for more information.

AGENDA

Keynote Speech by Dr. Felix Matthes, Öko Institute

Panel Discussion featuring MEP Jytte Guteland, MEP Michael Bloss, Wendel Trio (Climate Change Policy and Science Analyst), and Sabine Frank (Director Carbon Market Watch)

Q&A with online participants and stakeholders