Via Giovanni Boccaccio 121
This Side Event was organised by FSR Climate within the framework of the EUI State of the Union, as part of the policy dialogue carried out under the LIFE SIDE project.The project supports European policy makers with the design and implementation of the new EU ETS legislation.
Since 2005, the EU Emissions Trading System (EU ETS) has been the cornerstone of EU’s climate policy and remains today the largest cap-and-trade scheme in the world. The EU ETS has also been seen as a prototype of an architecture for a global climate regime, though arguably this view should be adjusted to the new context of the Paris Agreement.
The new Directive reforming the EU ETS for Phase IV (2021-2030) has recently been adopted. The reform process is complex, if anything because the governments of 31 participating countries need to find agreement on multiple issues, including the rules for allocating emission allowances. As distributional effects are inherent to allocation decisions, both equity and solidarity considerations permeate this process and are eventually translated into specific previsions. The EU ETS can thus provide concrete examples of resolution to distributional issues that may arise in similar schemes overseas or, more widely, in the making of international climate governance.
Simone Borghesi, Director, FSR Climate
Carlo Carraro, President EAERE and Professor of Economics at Ca’ Foscari University of Venice, Italy
Peter Vis, Adviser, European Political Strategy Centre, European Commission, Belgium
Xiliang Zhang, Professor of Management Science and Engineering and Director, Institute for Energy, Environment & Economy, Tsinghua University, China.
Equity and solidarity in the EU Emissions Trading System: Any lessons for international climate governance?, Simone Borghesi
Equity and solidarity in the context of the Paris Agreement, Carlo Carraro
EU ETS Key of EU Climate Policy, Peter Vis
How to address the equity issue of climate policy: Some lesions from EU ?, Xiliang Zhang
Simone Borghesi is Director of the Florence School of Regulation – Climate (FSR Climate), part-time professor at the EUI and Professor of Environmental Economics at the Department of Political and International Sciences, University of Siena, Italy. He is President of IAERE (Italian Association of Environmental and Resource Economists) and Co-director of the research group R4S (Regulation for Sustainability) at the University of Siena. He has been member and/or coordinator of several national and international projects and among the leading authors of the report “Pathways to deep decarbonization in Italy”, published in 2015 by SDSN (United Nations, New York) and IDDRI (Paris). He has published three books and more than 50 articles in edited books and peer-reviewed international journals. He has been Visiting Scholar at INRA, University of Cambridge and ETH, invited speaker at several international conferences and invited participant at the United Nations. He holds a PhD in Economics from the European University Institute, and a M.Sc. in Economics from University College London. In the past he worked at the International Monetary Fund and at the Fondazione ENI Enrico Mattei, Milan.
Carlo Carraro is President Emeritus and Professor of Economics at Ca’ Foscari University of Venice. He holds a Ph.D. from Princeton University. He was President of the University of Venice from 2009 to 2014. He is President of the European Association of Environmental and Resource Economists (EAERE) and member of the Bureau of the Intergovernmental Panel on Climate Change (IPCC). He is also Strategic Advisor of the Euro Mediterranean Centre for Climate Change (CMCC), a Fellow of the Association of Environmental and Resource Economists (AERE) and Co-Chair of the Green Growth Knowledge Platform Advisory Committee. He is President of H-Farm Education and the HforHuman Foundation. He is also Scientific Director of the Fondazione Nord Est and a Research Fellow of CEPR, London, CESifo, Munich and CEPS, Brussels. His blog is www.carlocarraro.org.
Peter Vis is an Adviser at the European Commission’s European Political Strategy Centre since 1 April 2018, working in particular with Mr Jos DELBEKE, a Senior Adviser and former Director-General of the Commission’s Directorate-General for Climate Action. Peter was previously an Adviser in DG MOVE (Transport & Mobility) where he specialised in the decarbonisation of transport. For the academic year 2014-2015 Peter was the EU Visiting Fellow at St. Antony’s College, Oxford University, UK. He has worked for the European Commission for 28 years, mostly in the areas of climate change, renewable energy and transport. From 2010-2014 he was Head of Cabinet to the European Commissioner for Climate Action, Connie Hedegaard. He also worked in the Cabinet of Andris Piebalgs, European Commissioner for Energy from 2007-2010.
Dr. Zhang Xiliang is Professor of Management Science & Engineering and Director of the Institute for Energy, Environment & Economy, Tsinghua University. Prof. Zhang is also Director of the Tsinghua-MIT China Energy and Climate Project. His current research interests include low-carbon energy economy transformation, integrated assessment of energy and climate policies, renewable energy and automotive energy. He leads the experts group of China’s national carbon market design. He also leads the key project “Green and low-carbon economy transformation management and policy” founded by the National Natural Science Foundation of China. He co-led the experts group for drafting “China Renewable Energy Law” in 2004-2005 and was energy expert of the expert group for drafting “China Circular Economy Law” in 2007. Prof. Zhang has been a lead author of the 4th and 5th IPCC Climate Change Assessment Report. He is Chair of the Energy systems Engineering Committee of the China Energy Research Society, and vice president of the China renewable Energy Industry Association. Zhang holds a PhD in Systems Engineering from Tsinghua University.