The European Emissions Trading Scheme
The most important greenhouse gas emissions trading market is the EU ETS – The EU Emissions Trading System . Set up in 1995, the EU ETS covers now more than 11,000 polluting installations as well as airlines from 31 European countries – EU countries plus Norway, Iceland and Liechtenstein.
The EU ETS is the first and, at the same time, the largest GHG allowances trading system in the world, taking into account its volume. In the European climate change policy, the EU ETS is meant to be one of the cornerstones of a sustainable environment, covering almost half of greenhouse gas emissions from the EU.
The EU ETS is now in its third phase, running from 2013 to 2020. A major revision approved in 2009 governed by Directive 2009/29/EC in order to strengthen the system means the phase 3 is significantly different from phases 1 and 2 and is based on rules which are far more harmonised than before.
There is a single, EU-wide cap on emissions, which applies in place of the previous system of national caps, and a Single Union Registry . Another rule is that auctioning, and not free allocation, is now the default method for allocating allowances. The Directive 2009/29/EC applies to 31 European countries included in the ETS, including Romania.
Carbon Expert team remains at your service to help with your greenhouse emissions transactions within the European Emissions Trading Scheme since your business needs to optimally benefit from the CO2 trading and focus on its primary activities.
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