Introduction

The EU's climate change policy has been formulated in the so-called European Climate Change Programme (ECCP), which was established in 2000 as a multi-stakeholder initiative to identify cost-effective ways for the EU to meet its Kyoto commitments. To date, it still remains the foundation of the EU's policies. The findings of the ECCP, which were published in June 2001,[1] identified some 40 measures to abate GHG emissions, including many measures that could be executed for less than €20 per tonne of CO 2 abated and some at negative cost.[2] These measures, for which ...