European Parliament Youth Dialogue

The EU Emissions Trading System: Are we moving fast enough?

On May 27 we hosted the first European Parliament Youth Dialogue – The EU Emissions Trading System: Are we moving fast enough?

Members of the European Parliament and representatives of GCE discussed the EU Emissions Trading System – the first large greenhouse gas emission trading scheme, which covers about 45% of EU greenhouse gas emissions across Europe.

The dialogue focused on 4 major topics:

1. A review of the aviation and shipping sectors, explaining why emissions continued to increase; 

2. A general presentation of the EU ETS, what kind of instrument it is and how it works;

3. Aviation: Why is aviation not yet fully covered, why is it important to end free allowances, and cover all outbound flights and not only intra-EEA flights?;

4. Shipping: Why is shipping the last unregulated sector and why it urgently needs to be included in the ETS?. 

Live Sketch from the event

Watch the full event

Four members of the European Parliament joined GCE for the discussions: Michael Bloss (The Greens/European Free Alliance); Jytte Guteland (The Progressive Alliance of Socialists and Democrats); Silvia Modig (The Left in the European Parliament – GUE/NGL); and Catherine Chabaud (Renew Europe).

EU ETS

End excess and free allowances effective immediately.

Spend 100% of generated revenues on the EU’s climate transition (including, the just transition and research and innovation funds).

Avoid extending the ETS to sectors already covered by the Effort Sharing Regulation and/or national climate targets.

Maritime

Cover shipping emissions under the EU Monitoring-Report-Verification (MRV) scheme (include all ships calling at European ports, not just intra-EEA).

Bulletproof the ETS against evasive port calls (ships docking at less regulated ports in neighbouring countries to the EU for lower costs) and subsequent carbon leakage.

Link the inclusion of shipping into EU ETS to other policy developments, such as the FuelEU Maritime initiative to efficiently coordinate the sector’s decarbonisation.

Aviation

Include international aviation in the current ETS scheme rather than as a part of the CORSIA scheme.

Remove free allowances to airlines (carriers currently receive half of their emission allowances permits for free).

Make the EU ETS cover all aviation emissions (not only intra-EEA, which is only 5% of global aviation).

Watch our post-event video!