Via Giovanni Boccaccio 121
This Side Event is 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.
Attendance to this Side Event is free. Please register here.
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 reform of the EU ETS for Phase IV (2021-2030) has recently been agreed and it has now reached the final stage of the legislative process. 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
Jos Delbeke, Senior Adviser for Relations with the European University Institute, European Political Strategy Centre, European Commission (former Director-General for Climate Action, European Commission), Belgium
Xiliang Zhang, Professor of Management Science and Engineering and Director, Institute for Energy, Environment & Economy, Tsinghua University, China
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.
Jos Delbeke (1954, Belgium) has been the Director-General of the European Commission’s DG Climate Action since its creation in 2010. As of 16 March 2018, he was appointed Senior Adviser for Relations with the European University Institute, European Political Strategy Centre, European Commission. He joined the European Commission in 1986. He was very involved in setting the EU’s climate and energy targets for 2020 and 2030, and the adoption of the related legislation by the EU Council and Parliament. Mr Delbeke has been a key player in developing EU legislation on cars and fuels, the Emissions Trading System (ETS), air quality, emissions from big industrial installations and chemicals (REACH). As an economist, he always underlined the role of market-based instruments and of cost-benefit analysis in the field of the environment. For several years Mr Delbeke has been responsible for developing Europe’s International Climate Change strategy and he was for many years the European Commission’s chief negotiator at the UNFCCC Conference of the Parties. He holds a PhD in economics (Louvain, 1986) and worked in 1985 at the International Monetary Fund (Washington DC, USA). As of 2013 he is lecturing at the University of Louvain (Belgium) on European and international environmental policy.
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.