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About usWho are we?Green Office GroningenCourse: Sustainability Myth Busters 2016

October 24

Faculty of Law

The EU Emissions Trading Scheme has failed

By: Dr. Edwin Woerdman (due to illness replaced by Fitsum Tiche)


Many observers believe that the EU Emissions Trading Scheme (EU ETS) has failed, e.g.:

  • “ETS, RIP?” The Economist (April 20, 2013)
  • “No, Europe's ETS definitely doesn't work” The Interpreter (April 30, 2013)
  • “The EU Emissions Trading Scheme has failed” REDD Monitor (April 16, 2013)
  • “(…) failing EU carbon market threatens effectiveness (…)” Greenpeace (June 11, 2013)
  • “The EU ETS failure as a model for the ‘green economy’” Carbon Trade Watch (June 17, 2013)
  • “EU ETS (…): Why it can’t be reformed (…)” Corporate Europe (April 15, 2013)

But has it failed? Dr. Woerdman thinks perhaps the opposite! We will talk about what are the positive aspects of the carbon trading system. And secondly we will dive into which elements in the regulatory system of the EU ETS are imperfect. Those imperfections reduce the effectiveness and efficiency of the EU ETS and should thus be repaired to facilitate the energy transition. However, in spite of some optimism about the EU ETS, we will also discuss why a perfect EU ETS can never be realized.

Reading material:
Class evaluation

Laatst gewijzigd:03 november 2017 11:42