Table of Contents

Climate Change and European Emissions Trading

Climate Change and European Emissions Trading

Lessons for Theory and Practice

New Horizons in Environmental and Energy Law series

Edited by Michael Faure and Marjan Peeters

This timely book focuses on the EU-wide greenhouse gas emissions trading scheme for major sources. It combines legal and economic approaches and reviews the major revision of this scheme. A distinguished range of authors assess the experiences thus far and also consider future development from both theoretical and practical perspectives. They also discuss many design options, including auctioning, credit and trade, the inclusion of aviation emissions, and linking possibilities. Moreover, attention is paid to the role of legal principles, the role of case law, and to aspects of democratic accountability within an emissions trading scheme. Ways to avoid carbon leakage and the role of national climate policies are also discussed. This book makes clear that the economic efficiency and effectiveness of an emissions trading scheme depend to a large extent on the specific legislative choices, and hence the legislative design of such a scheme deserves meticulous attention.

Chapter 11: Linking the EU ETS to Other Emissions Trading Schemes

Janneke Bazelmans

Subjects: environment, environmental law, law - academic, environmental law


Janneke Bazelmans1 1. INTRODUCTION Emissions trading delivers a crucial tool for combating climate change. As a general trend, a number of domestic emissions trading schemes (dETSs) are emerging, each with their own characteristics. Efficiency would increase if these dETSs were linked to each other. The European Union’s scheme (EU ETS)2 offers the largest, broadest building block for developing a global network of systems. The EU ETS is already linked to domestic emissions trading systems in Norway, Iceland and Liechtenstein.3 In addition, the current EU Trading Directive paves the way for linking the EU ETS to several dETSs in Kyoto Parties as well as in non-Kyoto countries. Such links can be created directly between different dETSs and indirectly through offsets, such as the Clean Development Mechanism (CDM) and Joint Implementation (JI).4 In October 2007, the International Carbon Action Partnership (ICAP) was launched.5 This consists of a coalition of European countries, some USA states,6 Canadian 1 External PhD candidate, Centre for Environmental Law, University of Amsterdam. Janneke’s PhD is focused on the future of the Clean Development Mechanism beyond 2012. This Chapter was finalized on 28 February 2008. 2 Based on Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a scheme for greenhouse gas emission allowance trading within the Community (EU Trading Directive). 3 EEA agreement Decision of the EEA Joint Committee, no 146/2007 of 26 October 2007, amending Annex XX (Environment) to the EEA Agreement. This Decision was adopted by the...

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