Friday Lunch Meeting Debate, Marc Baudry, February 17th 2023
17 February @ 12h30 - 14h00
Marc Baudry is a Professor at the University of Paris Nanterre and Head of the CO2 Price and Low Carbon Innovation Program
Long-term decarbonisation: can the EU-ETS do better?
Despite the marked increase in the price of carbon on the EU-ETS for several years, the European Commission has shown its willingness to reform the mechanism in order, among other things, to encourage the adoption of low-carbon technologies. This paradox can be explained by the distinction between short-term, reversible reductions and long-term investments in low-carbon, irreversible technologies. However, the latter are not only obtained by a significantly high price, but also by good visibility of the future trajectory of this price. The presentation first returns to the concept of a central carbon bank to ensure such visibility. But for regulated sectors to invest in technological change, viable low-carbon technologies still need to be developed. The presentation therefore then focuses on the elements of reform of the EU-ETS, or which are linked to it, likely to have a direct or indirect impact on low-carbon innovation. In this regard, particular attention is paid to the carbon border adjustment mechanism.
Our Friday Lunch Meeting will take place from 12.30 pm to 2.00 pm
You will be able to attend to this event via Zoom (due to works in the Palais Brongniart the seminar rooms are not available).
To participate, we invite you to register here
The link will be sent to you once your registration completed.