First Year of EU ETS Briefing Note A Precarious Peace in the Emissions Market
Article from: OGEL 4 (2006), in Emission Trading
Summary
The results of the first year of the EU Emissions Trading Scheme ('EU ETS') were published by the European Commission ('EC') on 15th May 2006. The data, which was incomplete and much of which was leaked in advance, showed that a surplus of about 65 million allowances more than the actual reported and verified 2005 emissions had been allocated to European installations that fell within the scope of the scheme. The report summarises: The first year of the Emissions Trading Scheme; The status of the current market; The reason why the ...