The EU’s climate action is nearing a major test. In just under two years, emissions from buildings and road transport will be subject to a new EU carbon pricing system, ETS-2. What does this shift mean, and how can we ensure its effectiveness? The so-called cornerstone of EU climate policy is modelled closely on the already existing Emissions Trading Scheme (ETS) for large industries. Known as one of the most complex instruments in the European policy toolbox, this market-based mechanism … Continue reading Carbon price for transport and buildings: an emissions game-changer?