If properly designed, the EU Emissions Trading System (ETS) and national targets can effectively complement each other and jointly contribute to achieving the EU’s proposed 2040 climate target of a 90% net emissions reduction compared to 1990 levels.
Lessons from ETS1 for ETS2
The lesson from ETS1 is therefore not that revenue use has failed, but that legitimacy cannot be taken for granted. ETS2 will succeed politically only if carbon pricing is visibly linked to fair, effective and socially conscious investment.
Terms of reference (ToR) for knowledge, communication and advocacy work supporting a fair and effective ETS2 in France, Hungary and Spain
Aug 25, 2025
As part of the LIFE Effect project, Carbon Market Watch (CMW) is looking for service providers to implement knowledge, advocacy and communication activities in the Spanish, French and Hungarian context related to the EU’s Emissions Trading System for road transport and buildings (ETS2).
Activities will promote socially fair and environmentally effective carbon pricing through the engagement in the Spanish, French and Hungarian process of EU ETS2 implementation. Background information, practical details and expected outputs are outlined in the attached terms of reference.
The deadline for submitting proposals is 17 September 2024, 24:00 (CET).
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