Few aspects of the European Commission’s proposed Fit for 55 legislative package prompted as much debate as creating a separate emissions trading system for the buildings and transport sectors, the new ‘ETS2.’ Given that the Effort Sharing Regulation has thus far failed to deliver emissions reductions at the pace needed to meet climate goals, the Commission proposed this carbon pricing measure in an attempt to accelerate reductions in these laggard sectors.
In the eighth instalment of the Electrification Academy series, Leonardo Energy and the Regulatory Assistance Project invite Sofie Defour from Transport & Environment and Samuel Thomas from RAP to break down the details of the ETS2. They will explore:
- the likely impacts of the proposal for both sectors;
- the role of carbon pricing in the electrification of buildings and transport;
- equity considerations associated with the proposal, and ways in which these concerns could be addressed.
- Sofie Defour, Transport & Environment
- Sam Thomas, Regulatory Assistance Project
Last update: September 30, 2021