Directive 2003/87/EC

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The Directive 2003/87/EC of the European Parliament and of the Council of Oct. 13, 2003 established a scheme for emission allowance trading of greenhouse gases within the Community and amending Council Directive 96/61/EC.[1]

The goal of the Directive was to to promote reductions emissions of greenhouse gases in a cost-effective and economically efficient manner. For each period referred to, each Member State had the responsibility of developing a National Allocation Plan stating the total quantity of allowances that it intended to allocate for that period and how it proposed to allocate them.

Member states had the responsibility of bringing into force the laws, regulations and administrative provisions necessary to comply with this Directive by Dec. 31, 2003 at the latest.

Moving Forward[edit]

In January of 2005, the European Union Greenhouse Gas Emission Trading Scheme (EU ETS) commenced operation as the largest multi-country, multi-sector emission trading scheme for greenhouse gases worldwide. The scheme is based on Directive 2003/87/EC.[2]

References[edit]

  1. Text. EURLex.
  2. Certification.nu. Babacus.com.