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"Impact of the EU ETS across Member States and Sectors: Insights from the 2016 data"
The most recent official data on the EU’s Emissions Trading System (EU ETS) show that greenhouse gas emissions dropped by about 2.7% in 2016. This reduction would go somewhat beyond the proposed annual reduction of the cap of 2.2% in the fourth trading period (2021-30). The EU ETS covers many different sectors, however, including the power sector and various energy-intensive industries. And both the EU ETS provisions for allocation as well as climate policies at EU and national level differ across sectors. What does the data reveal when we zoom in to examine different sectors and countries in particular?