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Making the EU ETS ‘Fit for 55’
More than 15 years after its launch, the EU Emissions Trading System (EU ETS) is undergoing one of its most significant reforms to date, intended to align it with the accelerated climate ambition of the European Green Deal. On 14 July 2021, the European Commission presented the 'Fit for 55' package of legislative proposals to revise the entire climate and energy policy framework of the EU, including the legislation on the EU ETS, which it aims to strengthen and extend to new sectors. If all proposals of the ‘Fit for 55’ package are adopted, around 75% of EU emissions will be covered by a carbon price. What does this expansion mean for the decarbonization of the European economy, and what lessons have been learned under the EU ETS in 15 years of continuous evolution and improvement? How can these lessons inform developments in other jurisdictions implementing or exploring an ETS as a pillar of their decarbonization strategies?

Damien Meadows, Head of Unit of International Carbon Markets at DG CLIMA of the European Commission will present his insights on these timely questions.
Sam Van den plas, Policy Director at Carbon Market Watch and Ingvild Sørhus, Lead EU Carbon Analyst at Refinitiv will discuss Damien Meadow's input.

This webinar is part of the ETS for Policy Practitioners webinar series, hosted by the International Carbon Action Partnership (ICAP).
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Speakers

Damien Meadows
Head of Unit @DG CLIMA, European Commission
Damien Meadows is the Acting Head of the European Commission's unit responsible for the International Carbon Market, Aviation and Maritime. Prior to that, from 2006, he was the Deputy Head of the European Commission's unit responsible for the EU emissions trading system. Between 2000 and 2004, he worked on the drafting, negotiation and implementation of the EU ETS, the EU's ratification of the Kyoto Protocol and other climate-related legislation. In addition, he has been involved in the negotiation of the REACH law that comprehensively reforms EU chemicals regulation.
Sam Van den plas
Policy Director @Carbon Market Watch
Sam Van den plas is Policy Director at the Brussels based NGO Carbon Market Watch.
Ingvild Sørhus
Lead EU Carbon Analyst @Refinitiv
Ingvild Sørhus is a Lead Analyst in the Europe Carbon team at Refinitiv which provide in-depth analysis of the EU ETS.