Revenues Accrued in Phase III of the EU ETS

Document(s)

Author

Simone Cooper, Michael Grubb & Dora Fazekas

Type

Blank

Date

11 May 2011

Description

This brief builds on the paper 'Revenue dimension of the EU ETS Phase II' report.

Europe’s flagship policy for the EU in meeting both its 2020 and 2050 climate targets, the EU Emissions Trading Scheme, will raise revenues in the range of €150-190bn across the EU out to 2020. This would rise to €200-310bn should the EU move to a 30% target, with a 34% EU ETS cap relative to 2005. Strategic use of such revenues could accelerate the necessary transition to a low carbon economy.