Title: The EU emission trading scheme
Description: As the world's first multi-national cap-and-trade system for regulating greenhouse gas (GHG) emissions, the European Union's Emission Trading Scheme (EU ETS) can be seen as a prototype for an eventual global climate regime. This paper draws on the first four years of experience with the EU ETS to develop insights about the challenges that can be expected to emerge in a broader program and to suggest potential solutions.
Subjects: Environmental policy, Greenhouse gas mitigation, Economic aspects, Carbon sequestration, Climatic changes, European Union
Places: Europe