Carbon Pricing: Main Achievements in Europe and Options for Deep Decarbonisation

“The cost of CO2 emissions must be reviewed so that the EU can meet its decarbonisation targets in 2050, and it is necessary to carry out a thorough reform of the Emissions Trading System to make it an effective tool.”

This is one of the main conclusions of the study Carbon Pricing: Main Achievements in Europe and Options for Deep Decarbonisation, published by the Naturgy Foundation and the Spanish Chapter of the Club of Rome.

The report, prepared by Compass Lexecon, analyses the experience accumulated in Europe since the creation of the Emissions Trading Scheme in 2005 and suggests reforms of this market to enable compliance with the European Green Deal, which has raised the target for the reduction in emissions by 2030 from 40% to 55%.

Don’t miss the summary video!