Publikation:
Compatibility of the European Emissions Trading Scheme with interacting energy and climate policy instruments and measures

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dc.contributor.authorGibis, Claudia
dc.contributor.authorKühleis, Christoph
dc.contributor.authorWeiß, Jan
dc.contributor.organisationalEditorDeutschland. Umweltbundesamt
dc.contributor.otherLünenburger, Benjamin
dc.contributor.otherPfeiffer, David
dc.contributor.otherKnoche, Guido
dc.contributor.otherLandgrebe, Jürgen
dc.date.accessioned2024-06-16T15:39:36Z
dc.date.available2024-06-16T15:39:36Z
dc.date.issued2016
dc.date.submittedNovember 2016
dc.description.abstractThe European Emissions Trading Scheme (EU ETS) is currently unable to fulfil its role as a leading climate policy instrument: surpluses in the market have pushed the price of emission allowances down over a long period of time and weakened incentives created by the EU ETS. The caps are structurally set too high and not sufficiently coordinated with interacting energy and climate policy instruments. Given the weak price signal from the EU ETS, more and more EU Member States are currently planning to introduce - or have already implemented - additional national climate or energy policy instruments in order to achieve their national climate protection targets. These additional emission mitigation measures however, can lead to a shift of emissions within the EU ETS and further weaken the price signal unless the allowance supply is reduced correspondingly. The new position paper of the German Environment Agency (UBA) provides concrete recommendations for the structural reform of the EU ETS in order to improve the compatibility with interacting energy and climate policy: The ETS cap-setting cycle should be shortened to five years and aligned with an ambitious long-term reduction path. The German Environment Agency recommends an increase of the linear reduction factor to at least 2.6 percent for the 2021Ń2025 period. The ETS cap must not be set above the predicted emissions. The adequacy of the cap level for the fourth trading period must be checked against the background of the known energy and climate policy instruments and then adjusted accordingly. The emission reducing effect of interacting climate and energy policies Ń at national and European level Ń needs to be recorded more carefully than previously and quantitatively taken into account for any determination of the ETS cap. Emission and demand reductions in the EU ETS triggered by interacting national policy measures must be counterbalanced by the Member States in the form of reductions in supply in the EU ETS (preferably by reducing auction volumes). Surpluses in the EU ETS that will accumulate until 2020 and partly transferred to the Market Stability Reserve (expected to be more than three billion allowances) should be, to a great extent, permanently cancelled. Quelle: Umweltbundesamten
dc.description.abstractThe European Emissions Trading Scheme (EU ETS) is currently unable to fulfil its role as a leading climate policy instrument: surpluses in the market have pushed the price of emission allowances down over a long period of time and weakened incentives created by the EU ETS. The caps are structurally set too high and not sufficiently coordinated with interacting energy and climate policy instruments. Given the weak price signal from the EU ETS, more and more EU Member States are currently planning to introduce - or have already implemented - additional national climate or energy policy instruments in order to achieve their national climate protection targets. These additional emission mitigation measures however, can lead to a shift of emissions within the EU ETS and further weaken the price signal unless the allowance supply is reduced correspondingly.The new position paper of the German Environment Agency (⁠UBA⁠) provides concrete recommendations for the structural reform of the EU ETS in order to improve the compatibility with interacting energy and climate policy: The ETS cap-setting cycle should be shortened to five years and aligned with an ambitious long-term reduction path. The German Environment Agency recommends an increase of the linear reduction factor to at least 2.6 percent for the 2021–2025 period.The ETS cap must not be set above the predicted emissions. The adequacy of the cap level for the fourth trading period must be checked against the background of the known energy and climate policy instruments and then adjusted accordingly.The emission reducing effect of interacting climate and energy policies – at national and European level – needs to be recorded more carefully than previously and quantitatively taken into account for any determination of the ETS cap. ⁠Emission⁠ and demand reductions in the EU ETS triggered by interacting national policy measures must be counterbalanced by the Member States in the form of reductions in supply in the EU ETS (preferably by reducing auction volumes). Surpluses in the EU ETS that will accumulate until 2020 and partly transferred to the Market Stability Reserve (expected to be more than three billion allowances) should be, to a great extent, permanently cancelled.en
dc.format.extent1 Onlineressource (20 Seiten)
dc.format.mediumonline resource
dc.identifier.doihttps://doi.org/10.60810/openumwelt-3644
dc.identifier.urihttps://openumwelt.de/handle/123456789/7017
dc.language.isoeng
dc.relation.ispartofseriesPosition
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/
dc.subjectemissions
dc.subjectemission trading scheme
dc.subject.ubaThemeKlima | Energie
dc.subject.ubaThemeClimate | Energy
dc.titleCompatibility of the European Emissions Trading Scheme with interacting energy and climate policy instruments and measures
dc.typeMonographie
dc.type.dcmitext
dc.type.mediumcomputer
dspace.entity.typePublication
local.bibliographicCitation.publisherPlaceDessau-Roßlau
local.collectionPosition / Umweltbundesamt
local.contributor.otherId00424276
local.contributor.otherId02171723
local.contributor.otherId00252107
local.contributor.otherId00258229
local.identifier.catalogId02442581
local.identifier.cmsId48608
local.ingest.cmsCreatedOn2017-01-12T14:33:43
local.ingest.cmsModifiedOn2017-01-13T12:20:43
local.ingest.cmsStateChangedOn2017-01-13T12:20:41
local.ingest.cmsStateNewLive (veröffentlicht)
local.ingest.cmsStateOldLive Überarbeitung
local.ingest.cmsStateRevisionId86831
local.ingest.leader08170nam a2200000uu 4500
local.jointTitleCOMPATIBILITY OF THE EUROPEAN EMISSIONS TRADING SCHEME WITH INTERACTING ENERGY AND CLIMATE POLICY INSTRUMENTS AND MEASURES CREATING SCARCITY THROUGH STRINGENT TARGETS AND FLEXIBLE CONTROL OF THE CERTIFICATE SUPPLY UBA POSITION PAPER
local.newsletter0
local.sourcecatalog
local.sourceenriched with cms, Id: 48608 at 2024-06-18T15:54:17.877957
local.source.urihttps://www.umweltbundesamt.de/publikationen/compatibility-of-the-european-emissions-trading
local.staffPublicationtrue
local.subtitleCreating Scarcity through stringent targets and flexible control of the certificate supply : UBA Position Paper
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