EU Emissions Trading Scheme
From MarketsWiki
(Redirected from European Union Greenhouse Gas Emission Trading Scheme)
| This page is not complete! |
| Do you have knowledge to contribute on this or other subjects?
Help the wiki grow -- add what you know. |
| This page is sponsored by... |
 |
The EU Emissions Trading Scheme is the largest multi-country, multi-sector Greenhouse Gas Emissions trading scheme worldwide. It commenced operation in January of 2005. The scheme is based on Directive 2003/87/EC, which was put into play on Oct. 25, 2003.[1]
Allowances traded in the EU ETS are not printed but held in accounts in electronic registries set up by member states. All of the registries are overseen by a central administrator at EU level.
The European Environment Agency has published a technical report on the application of the Emissions Trading Directive by member states.[2]
References
- ↑ 2003/87/EC. Eur-Lex. Retrieved on February 29, 2008.
- ↑ Emission Trading Scheme. ec.europa.eu. Retrieved on February 29, 2008.
