Our CSCF Simulator suggests that the Commission's ETS Fit-for-55 reform proposal is more resilient to a CSCF than the Impact Assessment might suggest.
The difference in finding seems to be due to the following factors:
Assuming the Commission's rule changes are introduced in 2024, and activity levels and emissions intensity improvements are consistent in the baseline periods, the proposal just avoids a CSCF. See below for an explanation of the model and its assumptions in more detail. The parameters can be adjusted directly below and the full model can be downloaded here. For further information, or to provide feedback, contact damien.green@perspectiveclimate.com EXPLANATION
DATA SOURCES Benchmark data report Phase IV cap and LRF value Phase III cap and LRF value Commission's ETS reform proposal
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