Industrial Competitiveness Under the European Union Emissions Trading Scheme
Article from: OGEL 1 (2005), in Climate Change
Introduction
The main objective of the allocation process in an emissions trading scheme should be to create a level playing field for all sources that must now control their emissions and direct investment and management toward less CO2-intensive production processes, while remaining competitive with the rest of the world. It is therefore important to provide some degree of certainty to investors - in terms of total allowances allocated to industry in the medium run, future structure of the scheme, etc. - to avoid discouraging investments in Europe and to create a robust and reliable ...