The EU ETS: an engine to drive innovation and industrial competitiveness in the EU
David Hone, Chief Climate Change Advisor for Royal Dutch Shell
- Artur Runge-Metzger Director for 'International & Climate Strategy' at DG CLIMA, European Commission
The European Parliament has already started working on the post-2020 structural reform of the ETS based on the Commission’s legislative proposal published in July as part of the Summer Package.
This dinner debate offered an opportunity to discuss the question of how the ETS reform can drive competitiveness, focusing on three elements of the Commission’s proposal:
- Achievement of 2030 targets in a cost effective way, recognizing differentiated abatement options and costs in the power and industrial sectors.
- Use of the Innovation Fund to drive innovation in renewables, CCS and industry, through the delivery of commercial-scale low carbon projects.
- Protection measures for EU industry to avoid carbon leakage.
The ETS system was put in place 10 years ago and is considered an essential climate policy tool in fostering low-emission power and industrial sectors. We invited EEF members to join this dinner-debate to further discuss these issues and bring their point of view to the debate.