Emissions Trading Xtra
Harnessing people power to reduce emissions
With the climate emergency heating up and a fossil fuel energy crisis in the making, the need for accelerated, sustainable and fair climate action has become ever more urgent.
Emissions Trading Xtra (ETX) aims to make carbon markets work for EU citizens and the climate.
Emissions Trading Xtra (ETX) seeks to enhance climate governance around the EU’s Emissions Trading System (ETS), the EU’s main tool for reducing greenhouse gas emissions from the industrial and energy sectors, and for ensuring that the polluter pays.
Energising civil society
The project promotes broader and more robust civil society participation in policymaking and monitoring, as well as greater international collaboration, to ensure that the ETS benefits the climate and ordinary people. ETX also carries out scientific assessments and conducts capacity-building that will help empower civil society to engage in this extremely technical yet vital policy area.
The ETS covers around 40% of Europe’s greenhouse gas (GHG) emissions. However, carbon emissions from sectors like steel, cement and chemicals have barely decreased in the past decade. ETX is working to tackle this problematic reality to ensure that the EU’s carbon market, which is set to expand to cover new areas, plays its full role in the transition towards climate neutrality.
- Increase civil society’s awareness and knowledge of the functioning of the ETS and carbon pricing, and boost its capacity to campaign for better policies and implementation
- Promote the engagement of European citizens and other key stakeholders supporting pan-European and international replication.
- Provide a scientific knowledge base to assess the functioning and potential of the ETS for achieving improved 2030 climate targets, as well as the development of carbon pricing policies at the national and European levels.
IN THE PIPELINE
- ETS Talks: The impact of the revision of ETS on carbon/energy pricing (focus on power sector) – November 2021
- Study on the use of auctioning revenues in Member States – December 2021
- EU ETS 101: A guide to the EU carbon market – November 2021
Belgium, Czech Republic, Germany, Greece, Netherlands,
Poland, Portugal, Sweden, Serbia, Ukraine
July 2021 – June 2024