Public Hearing Emissions Trading System ETS Committee on the - - PowerPoint PPT Presentation

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Feb 24, 2024 510 likes •591 views

Public Hearing Emissions Trading System ETS Committee on the Environment, Public Health and Food Safety European Parliament 18 February 2016 Philipp Ruf Lead Analyst EU Carbon Markets Phase 3 Suboptimal allocation? Tackling phase 3

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Public Hearing

Emissions Trading System – ETS

Committee on the Environment, Public Health and Food Safety European Parliament 18 February 2016 Philipp Ruf Lead Analyst – EU Carbon Markets

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Phase 3 Suboptimal allocation?

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Tackling phase 3 issues

Use all available volumes Avoid unwarranted cuts Common sense policy Political decision

Benchmarks Baseline production level Carbon leakage list Optimise allocation process Add flexible element

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Phase 4 Optimised allocation?

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Phase 4 – Optimised allocation!

0% 20% 40% 60% 80% 100% 200 400 600 800 1.000 cross-sectoral-correction-factor [%] volume [m tonnes] allocation allocation cut left-over use of left-over industry cap CSCF

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Conclusions

Certainty

New process ensures that all available volumes are used Low likelihood of an application of the CSCF Predictable benchmark reduction

Flexibility

Free allocation adjustment based on latest production data Three different flat-rates for benchmarks

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Thank You

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