On December 19, 2014, the European Union (EU) Commission called for comments on EU Emission Trading System Directive revisions. The revisions include changes to how carbon allowances will be made available to participants in the EU's emissions trading system after 2020 to reduce GHG emissions by at least 40 percent in 2030 compared to 1990. The 2030 framework for climate and energy also proposes the use of 400 million carbon allowances to create a fund for renewable energy and carbon sequestration projects, and the use of two percent of allowances to finance energy efficiency and energy system upgrades in poorer EU countries. Parties interested in commenting on the revisions must register and submit input by March 16, 2015.
- Bergeson & Campbell, P.C.
- EU Commission calls for comments on emissions trading revisions
Application of the European Union Emissions Trading Directive in 2015
Executive summary This European Environment Agency (EEA) report, Application of the European Union Emissions Trading Directive in 2015, provides an updated overview of the information reported by European Union Member States on the implementation of the EU Emissions Trading System Directive (EU ETS Directive, EU, 2003). The report is based on the questionnaires reported by Member States in 2016 under Article 21 of the EU ETS Directive. The report finds that the implementation of the EU ETS Directive is improving,...
Trends and projections in the EU ETS in 2016 — The EU Emissions Trading System in numbers
About this reportThis 2016 report of the European Environment Agency (EEA) provides an analysis of past, present and future emissions trends under the EU Emissions Trading System (ETS), based on the latest data and information available from the European Commission (i.e. May 2016 data on verified emissions and compliance by operators under the EU ETS for the years up until 2015) and Member States (projections of EU ETS emissions until 2030, reported under the EU Monitoring Mechanism Regulation (MMR) (EU, 2013c))....
Questions and answers on the proposal to revise the EU emissions trading system (EU ETS)
1. Why has the Commission proposed today a revision of EU ETS? The European Commission has presented a legislative proposal to revise the EU Emissions Trading System (ETS) in line with the 2030 climate and energy policy framework agreed by the EU leaders in October 2014. The proposal is an integral part of the work on achieving a resilient Energy Union with a forward-looking climate policy – a top political priority of the Juncker Commission, launched in February 2015. This is the first step in delivering...
Application of the EU Emissions Trading Directive
Synthesising Member State reporting on the ETS The European Union (EU) emissions trading system (ETS) is one of the key climate policy instruments implemented in the EU to achieve its emission reductions objectives in a cost‑effective manner. The EU Emissions Trading Directive (EU, 2003, referred to hereafter as the `EU ETS Directive`), and in particular Article 21 of the Directive, requires EU Member States to report every year to the Commission on the application of the directive. The Commission Implementi...
Carbon emissions embodied in the international trade of China: a hypothesised-country-based study
Based on the hypothesised-country assumption, this paper chooses South Korea’s technical coefficients as those of China’s imports. Using the input-output tables of both China and South Korea, this paper calculates China’s trade-embodied carbon emissions and its sectoral breakdown between 2001 and 2010. Some interesting results are obtained. First, if China’s technical coefficients are used to calculate carbon emissions avoided through imports, China is found to be a net importer of trade-embodied carbon from 2001...