Completion of the EU Emissions Trading Scheme in the Emerging Global Climate Regime
Article from: OGEL 2 (2004), in Environment
Summary
This CEPS report examines recent policies related to the completion of the EU emissions trading scheme (EU ETS), with a particular focus on the pending decision to link joint implementation (JI) and the clean development mechanism (CDM) to the EU ETS - the so-called 'linking directive'. The analysis covers all the controversial issues associated with the linking directive, including the international implications as well as the business impact. The principal themes of the analysis include: timing, economic effects, project development and kick-starting the project mechanisms, ratification ...