The Working Group Environmental Markets was created in 2010 to contribute to the development of efficient environmental markets in view of the EU’s decarbonisation efforts. Efficient, transparent and reliable energy and environmental markets provide the necessary price signals to reduce greenhouse gas emissions at least cost while fostering innovation and change along the energy system value chain. Additionally, environmental markets are a central tool to achieve emissions reduction targets through transparent carbon pricing and a robust cap-and-trade mechanism. The group advocates for the role of market-based mechanisms to facilitate decarbonisation at least cost.
In recent years, WG EM has been closely monitoring EU Green Deal developments, including the EU Climate Law and increases in emissions reduction targets. The group supports the development of a strengthened, efficient EU ETS as the EU’s primary instrument for emissions reduction. In addition, WG EM is active in the standardisation and development of the Guarantees of Origin (GOs) scheme. Concerning support schemes for Renewable Energy Sources (RES), the group advocates for support mechanisms that are compatible with the market and do not distort price signals.
The group is involved with long-term policy initiatives, such as the broader implications of the EU Green Deal, but also works to support its members in more technical issues relating to the administration of the EU ETS and certification schemes. WG EM often collaborates with stakeholder groups as well as the other Europex WGs due to the cross-cutting nature of many decarbonisation initiatives.
Head of Working Group
Jethro van Hardeveld has served as the Director of Regulatory Policy at ICE Endex since 2018 and is currently a member of ESMA’s Consultative Working Group (CWG) of the Commodity Derivatives Task Force (CDTF). Prior to this position he was also the Manager of public and regulatory affairs for Ice Endex.
Head of WG EM
Jethro van Hardeveld
Director Regulatory Policy
Europex and seven other associations have co-signed a letter calling to safeguard diversity of participation in the EU ETS. To read the full letter, please see the pdf
Europex General Assembly meets to discuss high energy prices and mark the Association’s 20th Anniversary
At the regular meeting of the General Assembly, members discussed high energy prices and the regulatory impact of the Russian invasion of Ukraine on European energy markets.
Joint industry call: using the Internal Energy Market as a tool to manage this crisis and an asset to build the future
As the European Council meeting of 30 and 31 May approaches, we urge Member States to consider the added value of the IEM in managing the immediate effects of this crisis and in shaping the energy sector of the future.