ETS ETS2 taxCBAM mechanism - will the EU be a green island in the world ocean? - the topic of the session at the H2POLAND&NetZero Forum
We invite you to the session:
ETS/ETS2 tax, CBAM mechanism – will the EU be a green island in the world ocean?
In the face of the growing climate crisis, the European Union has taken ambitious action to reduce greenhouse gas emissions and achieve climate neutrality in 2050. On April 18, 2023, the EU Parliament agreed to (i) adopt the Carbon Border Adjustment Mechanism (CBAM). taking into account CO₂ emissions, the so-called border carbon tax), (ii) phasing out free allowances in the Emissions Trading System (ETS) from 2026, (iii) introducing road transport and buildings into the new ETS II from 2027 and (iv ) establishing a Social Climate Fund to combat energy poverty and mobility. All instruments are part of the "Fit for 55 in 2030" package.
The introduction of these three mechanisms constitutes an important EU contribution to the fight against the global climate crisis and the pursuit of sustainable development. The EU ETS is a core pillar of the EU's climate policy and is the largest global emissions market, and ETS2 and CBAM introduce additional tools to expand the scope of action and reduce carbon leakage.
Each of these mechanisms poses challenges for the EU. It is argued, among other things, that the introduction of the above-mentioned regulation may lead to an increase in energy and product prices in the EU, which may affect the competitiveness of some industries.
There is no doubt that the impact of each of these mechanisms on the economy, society and the environment requires further analysis and monitoring. It is crucial to find the right balance between ambitious climate goals and maintaining the competitiveness of EU companies and minimizing negative impacts. How to find this balance? Do we need additional mechanisms to meet these challenges? What is the industry most afraid of? We will try to answer these and many other questions during the panel.
1) How does the EU ETS work in practice?
2) Legal regulations supporting the reduction of the carbon footprint
3) Zero-emission technologies used in enterprises
4) The impact of CBAM on industry competitiveness
5) Profitability of CCU/CCS systems
