Over the past decade, the focus on environmental issues has grown exponentially, resulting in various global commitments and initiatives aimed at transforming current institutional, economic, and financial models.
The EU Emission Trading System (EU ETS) is the world's largest carbon market, designed to reduce Greenhouse Gas (GHG) emissions efficiently through a cap-trade mechanism. As the EU strengthens its climate policies under the Fit for 55 package, the ETS is expanding to more sectors, stricter caps, and higher carbon pricing, significantly impacting industries such as energy, manufacturing, aviation, and shipping.
Understanding the regulatory obligations, financial risks, and opportunities for carbon reduction strategies is critical for businesses navigating this evolving landscape.
This training will provide a comprehensive yet practical approach to the EU ETS, helping organisations manage compliance and leverage emissions trading as a competitive advantage.
Duration: 2h
Language: Available in English
Number of participants: up to 15
Available as intra-company course (i.e. dedicated session on demand)
By the end of this training, participants will:
Introduction to the EU Emission Trading Scheme (EU ETS)
Key regulatory requirements and compliance obligations
Financial and business risks of EU ETS
Opportunities: corporate strategies for carbon management
Next steps for businesses
Target audience
This training is coordinated by Michael Horvath, Partner and Julien Jacqué, Director at PwC Luxembourg.
Michael has acquired a strong financial and regulatory audit as well as advisory background and significant experience leading projects in the asset management sphere.
In the recent past, Michael has been particularly involved in various regulatory projects related to the implementation of the EU regulatory framework for sustainable finance (i.e. SFDR, taxonomy regulation, CSRD) at entity and product level. Michael is involved in various other regulatory projects for clients, from DORA, AML/CFT regulation over CSSF circular 18/698 to MICA.
Julien is the EMEA Sustainability in Finance Transformation Leader at PwC and is actively engaged in PwC EMEA’s CSRD Centre of Excellence. With over 11 years of consulting experience, he currently oversees PwC LU’s Sustainability Reporting and Transformation services.
Julien holds a degree in Mechanical Engineering and Corporate Finance and has provided extensive support to clients in the implementation of data and technology solutions. Over the past few years, he has assisted both financial and corporate clients in their sustainability journey, spanning strategy, transformation, and reporting. Julien possesses both theoretical knowledge and practical expertise in ESG regulations such as CSRD, EU Taxonomy, EU ETS, and CBAM.