{"title":"The European Union Emission Trading System and its role for green budgeting development — the case of EU member states","authors":"Kamilla Marchewka-Bartkowiak","doi":"10.1016/j.cosust.2023.101390","DOIUrl":null,"url":null,"abstract":"<div><p>The new reform, implemented in 2023, as part of the fourth phase of the European Union Emission Trading System (EU ETS), introduces multiple changes that could contribute to the system's termination. However, even with the achievement of climate neutrality by 2050, budgetary climate financing needs will not disappear whatsoever. Instead, they are expected to grow significantly in the coming years and decades. Thus, the following questions arise. What will be the next direction of EU ETS reforms beyond 2028? Is building green public budgets based on revenues from the EU ETS justified or should we return quickly to discussing alternative sources of financing, including a European green tax?</p></div>","PeriodicalId":294,"journal":{"name":"Current Opinion in Environmental Sustainability","volume":"65 ","pages":"Article 101390"},"PeriodicalIF":6.6000,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S1877343523001379/pdfft?md5=629b62da5a99495b6b385a7e0f6f80b1&pid=1-s2.0-S1877343523001379-main.pdf","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Current Opinion in Environmental Sustainability","FirstCategoryId":"93","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1877343523001379","RegionNum":2,"RegionCategory":"环境科学与生态学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"ENVIRONMENTAL SCIENCES","Score":null,"Total":0}
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Abstract
The new reform, implemented in 2023, as part of the fourth phase of the European Union Emission Trading System (EU ETS), introduces multiple changes that could contribute to the system's termination. However, even with the achievement of climate neutrality by 2050, budgetary climate financing needs will not disappear whatsoever. Instead, they are expected to grow significantly in the coming years and decades. Thus, the following questions arise. What will be the next direction of EU ETS reforms beyond 2028? Is building green public budgets based on revenues from the EU ETS justified or should we return quickly to discussing alternative sources of financing, including a European green tax?
期刊介绍：
"Current Opinion in Environmental Sustainability (COSUST)" is a distinguished journal within Elsevier's esteemed scientific publishing portfolio, known for its dedication to high-quality, reproducible research. Launched in 2010, COSUST is a part of the Current Opinion and Research (CO+RE) suite, which is recognized for its editorial excellence and global impact. The journal specializes in peer-reviewed, concise, and timely short reviews that provide a synthesis of recent literature, emerging topics, innovations, and perspectives in the field of environmental sustainability.
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