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Impact assessment

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,

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]