Including Consumption in Emissions Trading
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Including Consumption in Emissions Trading

Economic and Legal Considerations

Manuel W. Haussner

This timely book addresses the need for further measures to reduce greenhouse gas emissions in the European Union, arguing that the EU Emissions Trading Scheme does not offer sufficient incentives for the carbon-intensive materials sector. It highlights the challenge that emissions from industries such as iron and steel, cement and aluminium, amongst others, pose to the EU’s commitment to significantly cut emissions by 2030.
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Chapter 7: The administration of the IoC charge

Manuel W. Haussner

Abstract

Chapter 6 focuses on the practical administration of a consumption carbon charge. It elaborates on the critical areas of operations of hybrid consumption-based tax systems (liability creation, liability acquittal, and liability at hand) as well as the central administrative parameters (authorization, reporting, monitoring, and verification). It then demonstrates how reporting and monitoring requirements can be incorporated into existing structures, so operating costs of the schemes are minimized. In the international context, the IoC charge can be incorporated into existing customs clearance procedures with de minimis rules for low material content products to reduce administrative efforts. Finally, it discusses the treatment of scrap: liability should be acquitted where scrap is returned to material plants.

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