Active task forces


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CEPS Carbon Market Forum: New Market Mechanisms under the AWG-LCA


The CEPS Carbon Market Forum Task Force on New Market Mechanisms under the AWG-LCA of the COP is the first initiative of the newly launched CEPS Carbon Market Forum, a three-year umbrella programme for carbon market-related activities, which will provide a neutral space where policy-makers and regulators can meet carbon market stakeholders to discuss carbon market regulation, and general policy issues.

Which Economic Model for a Water-Efficient Europe


To achieve the objectives of the 2000 Water Framework Directive, it is generally recognized by the EU and member state governments as well as the broader stakeholder community that a more comprehensive policy response will be needed in general, with particular attention to water management.  Such a comprehensive approach is currently being discussed within the context of the ‘Blueprint to safeguard Europe’s Water’ that is currently being prepared by the European Commission to be ready by November 2012.  While the ‘Blueprint’ is an initiative in its ow

Does the revised EU ETS Market produce the 'right' price signal?


According to the EU ETS Directive (Art. 1), the objective of the ETS is to “promote GHG reductions in a cost-effective and economically efficient manner”. Hence, the over-arching objective is cost-effective achievement of a politically given target. By some, including most conventional economists this is construed as a call for the lowest possible EU allowance price, for example allowing the use of as many offsets as possible – provided they reflect real reductions to reach a given objective.

Price Formation in Commodities Spot and Futures Markets


The unstoppable race of commodity prices comes at a critical moment, when European and US economies are languishing in regaining the ground lost as a result of the recent financial crisis. Policy makers and the public opinion are shrouded in a mist of mounting worries and anger around commodity prices. Regulators worldwide have agreed in the G20 to address price volatility and are bringing forward a number of regulatory proposals to improve the regulation, functioning, and transparency of commodity markets.

Rethinking Asset Management


CEPS and the European Capital Markets Institute (ECMI)  wish to engage market participants, international experts, academics and regulators in the discussion of the future of the asset management industry and its contribution to the EU economy. The focus will be on moving from the defensive stance of the industry since the AIFMD to a more proactive approach that should engage with regulators to provide answers to the many challenges that both the industry and Europe’s economy face together.

Transport and Climate Change


CEPS launches a new Task Force which deals with “EU Transport Policy – Innovation, Integration and 21st Century Infrastructure”.

The carbon market after Copenhagen: challenges and the way forward for the EU


The Copenhagen Accord has brought a limited success in paving the way towards the creation of a wider and more inclusive framework succeeding the Kyoto Protocol. The challenge is how to translate the political guidance into practical decisions that can be integrated in the overall negotiating package. The most important outcome is the lack of a legal agreement on quantitative mid-term GHG emission reduction commitments by developed countries.

Securing European Energy Supplies: Making the Right Choices


Following the publication of the Second Strategic Energy Review by the European Commission in November 2008 and the adoption of the integrated energy and climate package by the European Council and Parliament in December 2008, EU energy policy is gaining speed. The European dimension of energy policy has been re-emphasised by the recent Russia-Ukraine gas dispute in January 2009, which severely affected several EU member states.