SWD/2021/601 final
Impact assessment accompanying the document Directive of the European Parliament and of the Council: amending Directive 2003/87/EC establishing a system for greenhouse gas emission allowance trading within the Union, Decision (EU) 2015/1814 concerning the establishment and operation of a market stability reserve for the Union greenhouse gas emission trading scheme and Regulation (EU) 2015/757
- publication date
- 14 July 2021
- additional information
The most recent EU reference scenario [1] forms the baseline for this impact assessment. The policy scenarios are developed from the basis of the Climate Target Plan policy scenarios (SWD/2020/176 final).
[1] European Commission, EU Reference Scenario 2020: Energy, Transport ad GHG Emissions: Trends to 2050, Publications Office, Luxembourg, 2021, https://doi.org/10.2833/35750.
Relevant modelling related supporting studies:
- Vivid Economics, (2021) - "Review of the EU ETS' Market Stability Reserve", report prepared for DG CLIMA [publication upcoming]
- Ricardo, E3 Modelling and Trinomics, (2021) - "Study on EU ETS for maritime transport and possible alternative options or combinations to reduce greenhouse gas emissions" [publication upcoming]
- related EPRS documentation
- Initial Appraisal of a European Commission Impact Assessment: ‘Fit for 55’: Revision of the EU Emissions Trading System An initial analysis of the strengths and weaknesses of the European Commission's impact assessment.
- models involved in baseline and assessment of policy options