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Impact on a global scale

Impact on a global scale

The European Union Emissions Trading Scheme (EU ETS) is the oldest and largest carbon pricing mechanism - it is a world pioneer. Many other jurisdictions are adopting similar decarbonization policy tools, inspired as they are by the EU example. 

Carbon knows no borders, the fight against climate change is a universal issue. Reaching the current state of the EU ETS has been a bumpy road, and the mechanism has undergone various phases with different reforms.

The lessons learned throughout the past decades have created a pillar model that other countries look to as an example. Currently, 36 jurisdictions have established their own carbon trading schemes, with many others working on implementing ETS projects. The EU has even established a task force dedicated to sharing its expertise and experiences in carbon pricing with other nations.

Beyond this, Europe sends a clear signal of the global urgency of climate action with the implementation of the Carbon Border Adjustment Mechanism (CBAM). This policy ensures that goods consumed in Europe, regardless of where they are produced, have their CO2 emissions priced according to the ambitious EU standards. Following Europe's lead, other jurisdictions, like China and the US, are now considering introducing their own CBAMs.

Neither global warming nor carbon pricing should be addressed locally; the EU ETS is leading the way in a collective, massive effort.

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Do other countries have an emissions trading scheme (ETS)?

Do other countries have an emissions trading scheme (ETS)?

Do other countries have an emissions trading scheme (ETS)?
What is the EU ETS diplomacy task force?

What is the EU ETS diplomacy task force?

Climate change is a global issue and requires a global solution - carbon pricing is being adopted worldwide to meet this challenge. The European Union is a pioneer in ambitious climate policies and has gained valuable experience through its initiatives. A part of this expertise will be shared globally by the EU Emissions Trading Scheme (EU ETS) diplomacy task force.
Does the EU ETS provoke carbon leakage?

Does the EU ETS provoke carbon leakage?

Does the EU ETS provoke carbon leakage?
What is the CBAM?

What is the CBAM?

The EU ETS ensures that industries do not relocate to countries with less strict climate policies. The Carbon Border Adjustment Mechanism (CBAM) guarantees that the carbon emissions from both EU-produced and imported goods are equally accounted for and priced. This strategy not only balances competition for European industries but also encourages the worldwide implementation of carbon pricing.