Abstract
Emissions trading is an administrative approach used to control pollution by
providing economic incentives for achieving reductions in the emissions of
pollutants. It is sometimes called cap and trade.
The European Union Emission Trading System (EU ETS) is the largest
multi-national, emissions trading scheme in the world, and is a major pillar
of EU climate policy. The ETS currently covers more than 10,000 installations
in the energy and industrial sectors which are collectively responsible for
close to half of the EU' s emissions of CO2 and 40% of its total greenhouse gas
emissions.
Under the EU ETS, large emitters of carbon dioxide within the EU must monitor
and annually report their CO2 emissions, and they are obliged every year to
return an amount of emission allowances to the government that is equivalent
to their CO2 emissions in that year. In order to neutralize annual
irregularities in CO2-emission levels that may occur due to extreme weather
events (such as harsh winters or very hot summers), emission allowances for
any plant operator subject to the EU ETS are given out for a sequence of
several years at once.
Aruvian Research presents an analysis of the Carbon Emissions Trading Market
(EU ETS) in Europe. Also known as the European Union Emissions Trading Scheme,
this analysis takes a look at what the scheme is all about, its relation to
the Kyoto Protocol, its impact on various industries across Europe, and much
more. The report analyzes the cap setting process, the process of banking and
borrowing, the linking directive, scope of the ETS, along with a look at the
benefits that ETS provides for partners outside the EU.
A look at the impact of the EU ETS on the European power sector is also
focused upon in the report, along with the various abatement strategies across
the EU. An analysis of the completed first phase (2005 to 2007), a look at the
multinational character of the EU ETS, controversies associated with the
scheme, and a country-wise analysis of the first phase of the EU ETS are just
some highlights of what is contained in the report - Analyzing the Carbon
Emissions Trading in Europe - The EU ETS Scheme.
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