1 EXECUTIVE SUMMARY
1.1 About this report
1.2 Design of the EU ETS
1.3 Evaluation findings
1.3.1 EU ETS in general
1.3.2 Cap setting
1.3.3 Auctioning
1.3.4 Free allocation and carbon leakage
1.3.5 Support for indirect CO2 costs
1.3.6 The compliance system (monitoring, reporting, verification, accreditation)
1.3.7 Registry system
1.3.8 The NER 300 funding
1.3.9 Transitional free allocation for the modernisation of the power sector
1.3.10 ETS and small operators
1.3.11 Impact of EU ETS on households
1.4 Conclusions
2 INTRODUCTION
2.1 The EU ETS and its legislative history
2.2 Evaluation methodology
2.2.1 Intervention logic
2.2.2 Evaluation criteria
2.2.3 Evaluation areas
2.2.4 Information sources and limitations
3 EVALUATION FINDINGS
3.1 EU ETS in general
3.1.1 Introduction
3.1.2 Intervention logic of the EU ETS Directive as a whole
3.1.3 Relevance
3.1.4 Effectiveness
3.1.5 Efficiency
3.1.6 EU-added value
3.1.7 Coherence
3.1.8 Conclusions – Overall evaluation of the EU ETS
3.2 Cap setting
3.2.1 Introduction
3.2.2 Intervention logic
3.2.3 Relevance & coherence
3.2.4 Effectiveness
3.2.5 Efficiency
3.2.6 EU-added value
3.2.7 Conclusions
3.3 Auctioning
3.3.1 Introduction
3.3.2 Intervention logic
3.3.3 Relevance
3.3.4 Effectiveness
3.3.5 Efficiency
3.3.6 EU-added value
3.3.7 Coherence
3.3.8 Conclusions
3.4 Free allocation and carbon leakage
3.4.1 Introduction
3.4.2 Intervention logic
3.4.3 Relevance
3.4.4 Effectiveness
3.4.5 Efficiency
3.4.6 EU added value
3.4.7 Coherence
3.4.8 Conclusions
3.5 Support for indirect CO2 costs
3.5.1 Introduction
3.5.2 Uptake by Member States
3.5.3 Intervention logic
3.5.4 Identifying potential factors to explain the choices for applying the option of indirect cost compensation
3.5.5 Relevance
3.5.6 Effectiveness
3.5.7 Efficiency
3.5.8 EU-added value
3.5.9 Coherence
3.5.10 Conclusions
3.6 The compliance system (monitoring, reporting, verification, accreditation)
3.6.1 Introduction
3.6.2 Findings
3.6.3 Intervention logic
3.6.4 Relevance
3.6.5 Effectiveness
3.6.6 Efficiency
3.6.7 Coherence
3.6.8 EU-added value
3.6.9 Conclusions
3.7 Registry system
3.7.1 Introduction
3.7.2 Intervention logic
3.7.3 Relevance
3.7.4 Effectiveness
3.7.5 Efficiency
3.7.6 Coherence
3.7.7 EU-added value
3.7.8 Conclusions
3.8 The NER 300 funding
3.8.1 Introduction
3.8.2 Intervention logic
3.8.3 Relevance
3.8.4 Effectiveness
3.8.5 Efficiency
3.8.6 EU-added value
3.8.7 Coherence
3.8.8 Conclusions
3.9 Transitional free allocation for the modernisation of the power sector
3.9.1 Background
3.9.2 Intervention logic
3.9.3 Relevance
3.9.4 Effectiveness
3.9.5 Efficiency
3.9.6 EU-added value
3.9.7 Coherence
3.9.8 Transparency
3.9.9 Conclusions
3.10 ETS and small operators
3.10.1 Introduction
3.10.2 Intervention logic
3.10.3 Relevance
3.10.4 Efficiency
3.10.5 Effectiveness
3.10.6 EU-added value
3.10.7 Coherence
3.10.8 Conclusions
3.11 Impact of EU ETS on households
3.11.1 Introduction
3.11.2 Intervention logic
3.11.3 Relevance
3.11.4 Effectiveness
3.11.5 Efficiency
3.11.6 EU-added value
3.11.7 Coherence
3.11.8 Conclusions
4 SUMMARY OF FINDINGS
5 ANNEXES
5.1 Annex I: Carbon pricing around the world
5.2 Annex II: Estimating administrative costs of free allocation
5.3 Annex III: Bibliography
5.3.1 EU Documents and Legislation
5.3.2 Other Literature
5.4 Annex IV: List of Acronyms