Compliance carbon markets continue to be at the core of global climate mitigation efforts and raised a record USD 74 billion in revenues in 2023. In 2024, 36 Emission Trading Systems (ETSs) are in force, covering approximately 18% of global emissions. In addition, 22 ETSs are being developed or...

EU manufacturing firms face the dual challenge of decarbonisation and (international) competitive pressure. This policy brief analyses emissions and output trends in the EU ETS, sector-specific industrial innovation, the impact of uncertainty on low-carbon investments, and the need to support...

This report summarises the insights collected during the workshop on "The role of carbon markets in reaching carbon neutrality", which took place in June 2024.1 This workshop was part of the Joint Sessions of Workshops organised to celebrate the 30th anniversary of the Robert Schuman Centre. In...

The brief emphasises the need to translate climate commitments into effective policies, focusing on carbon pricing mechanisms like emissions trading, carbon taxes, and crediting mechanisms led by public authorities. - Carbon pricing cooperation is essential for increasing climate ambition,...

Achieving climate neutrality by 2050 requires tailored approaches for each sector, with an in-depth assessment of the technical, political, and social feasibility of relying on an emissions trading system (ETS). - To ensure a cohesive decarbonisation strategy, interaction effects between the EU...