OIES is expanding its research into carbon issues under a number of different, but parallel, themes. We will continue to cover key regulatory and policy issues around the development and use of:

• carbon markets and taxes: with the European Union’s Emissions Trading System (EU ETS) and Carbon Border Adjustment Mechanism (CBAM) and their link with global carbon markets as a key topic (Research leader: Alex Barnes).
• carbon emissions and accounting: we are expanding our work on methane emissions to include issues around the measurement, reporting and verification of all Greenhouse Gases (GHGs), particularly from traded fossil fuels and the potential accounting methodologies that will be needed if new regulation is to function properly (Research leader: Jonathan Stern).
• abatement technologies, with a primary focus on carbon, capture, utilisation and storage and its role in decarbonising the use of oil and gas during the transition to net zero emissions (Research leader: Bassam Fattouh).
• carbon offsets trading as countries and companies increasingly see the direct removal of carbon from the atmosphere as a core part of their transition strategy (Research leader: James Henderson).

These topics will constitute individual work programmes but will also be coordinated under an overall carbon initiative module (co-ordinator: James Henderson)