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The Kyoto Protocol and the European Emissions Trading Scheme

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  • Valeria Costantini
  • Francesco Gracceva

Abstract

At the beginning of 2005 the European Emissions Trading Scheme came into force for the 25 European Union members. The main objective of the scheme is to reduce the costs of abating greenhouse gas emissions as indicated in the Kyoto Protocol for the industrialized economies. The European Union is the first signatory of the Protocol to implement a fully market-based mechanism at the international level with the Emissions Trading Scheme. In this paper some general considerations on the European Emissions Trading Scheme are presented, with close attention to its implementation in Italy,

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Article provided by Associazione Rossi Doria in its journal QA.

Volume (Year): (2006)
Issue (Month): 1 (March)
Pages:

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Handle: RePEc:rar:journl:0031

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Keywords: Kyoto Protocol; Flexible Mechanisms; European Emissions Trading Scheme;

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  1. Gernot Klepper & Sonja Peterson, 2005. "Emissions Trading, CDM, JI, and More – The Climate Strategy of the EU," Working Papers 2005.55, Fondazione Eni Enrico Mattei.
  2. Adam Rose & Brandt Stevens, 2001. "An Economic Analysis of Flexible Permit Trading in the Kyoto Protocol," International Environmental Agreements: Politics, Law and Economics, Springer, vol. 1(2), pages 219-242, April.
  3. U. Ciorba & A. Lanza & F. Pauli, 2001. "Kyoto Commitment And Emissions Trading: A European Union Perspective," Working Paper CRENoS 200102, Centre for North South Economic Research, University of Cagliari and Sassari, Sardinia.
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