Can you separate ETS2 myth from fact?
A letter addressed to Commissioner Hoekstra and Commissioner Jørgensen from the European Environmental Bureau, Climate Action Network Europe and the LIFE Effect consortium relating to ideas for a reform of the ETS2, in particular the MSR2, as proposed by a recent non-paper signed by 16+ Member States.
This brief explainer outlines the rationale for the five different measures discussed by the non-paper, and also highlights the risks such changes will create in terms of generating higher emissions and the dangers politically of opening up different legislative instruments.
The report analyses emission trends in the sectors covered by the EU Emissions Trading System (EU ETS) over the period 2005–2024
For long-term solutions to energy vulnerability, measures such as social housing, shallow or deep renovations, heat pumps, and solar PV systems (individual or through energy communities) targeting specific subpopulations are expected to benefit 276,000–348,000 households, at an estimated total cost of EUR 6.8–8.4 billion for 2027–2032.
While the National Social Climate Plans are often seen only as opportunities to spend revenues from carbon pricing, we present three measures that promote social and climate progress at no fiscal cost. Ten measures proposed are categorised across the transport, heating, and renovation sectors.
