12 May 2026

Professor Luca Taschini, Director of the Centre for Business, Climate Change and Sustainability, joined a panel at the European University Institute (EUI) Climate Week 2026, to discuss the upcoming review of the EU Emissions Trading System and Market Stability Reserve.
City of Florence, Italy

Held in Florence in May 2026, the conference brought together representatives of the European institutions, business, academia, civil society and think tanks for two days of open and candid discussions on fundamental issues in European climate policy for the coming year.

Professor Taschini’s session focused on how the EU can manage allowance supply, as the carbon market enters a new phase of tighter caps, lower liquidity, and increased pressure on industrial competitiveness. He presented insights from his recent work on the Carbon Cap Rule, a rules-based approach to adjusting allowance supply in response to market and abatement-cost conditions while preserving the integrity of cap-and-trade.

Read more about the research informing these discussions: Beyond price corridors: a rules-based way to relieve excessive carbon-price pressure without weakening the EU ETS