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SEMINAR ON EUROPEAN ELECTRICITY AND CARBON MARKETS AFTER THE ETS REFORM

IS A NEW REFORM NEEDED?

A seminar of the Chaire European Electricity Markets (CEEM), at the Université Paris-Dauphine.

THURSDAY 08 NOVEMBER 2018
8h30-13h00
Registration from 8h15
Université Paris-Dauphine
Room Raymond Aron, 2nd Floor

ATTENDANCE IS FREE BUT PRIOR REGISTRATON IS REQUIRED:
Registration

Context and Seminar Objective
On 27 February 2018 the European Council formally approved the reform of the EU emissions trading system (ETS) for the period after 2020. The reform is expected to gradually reduce the oversupply of quotas that had built up over time and was depressing carbon prices. In the past few months, carbon prices have rebounded spectacularly and are now trading above 20€/tCO2.

But many experts question whether this rebound will be sustainable and whether the ETS reform is sufficient to provide a strong enough price signal for an efficient decarbonisation of the European economy. The range of carbon prices needed to drive significant coal to gas switching remains largely above current carbon prices. Further, the recently approved increased level of ambition for renewables and energy efficiently targets may drive carbon abatement outside of the ETS, thereby depressing prices. Most importantly, there remain doubts regarding the ability of the ETS price signal to provide predictable and credible long-term price signals for an efficient decarbonisation of the power sector.

As a result, some countries are supporting further reform of the ETS, such as the introduction of a carbon price floor in a coordinated manner for the power sector. The impact of such policies from a “coalition of the willing” on the ETS as well as on European power markets remains subject for debate. Key issues include the impact on power prices, on cross borders flows, as well as on potential effects on the ETS.

This seminar will aim to shed light on some of these issues. A number of studies considering these issues will be presented, with the aim to provide some fact-based evidence for the debate.

SUMMARY RECORD, Click here

PROGRAMME AND PRESENTATIONS

8h30 - 9h00 Welcome coffee (Hall of 2nd floor)
9h00 - 9h30 Introduction by Jan Horst Keppler (Scientific Director, CEEM - Université Paris-Dauphine).

Session 1: State of the EU ETS Post Reform and Outlook for Power Markets Decarbonisation
9h30 - 10h00 State of Carbon Pricing: Presentation of Effective Carbon Rates 2018
Florens Flues (Economist - Centre for Tax Policy and Administration, OECD)
Presentation

10h00 - 10h30 The ETS Post Reform
Raphaël Trotignon (Co-Manager of the CO2 price and low-carbon Innovation Program, Climate Economics Chair)
Presentation

10h30 – 11h00 Coffee break (Hall of 2nd floor)

Session 2: Could a Carbon Price Floor Support a more Ambitious Decarbonisation of the Power Sector?
11h00 - 11h30 The Impact of a Carbon Price Floor on the German Power Sector
Dr. Felix Christian Matthes (Research Coordinator Energy and Climate Policy, Öko-Institut/Institute for Applied Ecology)
Presentation

11h30 - 12h00 Study on the Impact of a Carbon Price Floor on the European Power Markets
Fabien Roques (Senior Vice President - Compass Lexecon and Scientific Advisor of the CEEM)
Presentation

12h00 - 13h00 Concluding Roundtable chaired by Jan Horst Keppler (Scientific Director, CEEM - Université Paris-Dauphine
David Game (Directeur de programme R/D, RTE), Benoît Peluchon (Ingénieur expert à la R/D, EDF), Philippe Boulanger (CELEST) and Fabien Roques (Senior Vice President - Compass Lexecon and Scientific Advisor of the CEEM).

For more information, please contact the Coordinator of the CEEM:
Fatoumata Diallo
fatoumata.diallo@fondation-dauphine.fr
Université Paris-Dauphine
Place du Maréchal de Lattre de Tassigny-75116 Paris Cedex
Tél. +33 (0)1 44 05 45 54

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SEMINAR ON EUROPEAN ELECTRICITY AND CARBON MARKETS AFTER THE ETS REFORM

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