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The Kyoto Protocol and the European Emissions Trading Scheme

  • Valeria Costantini
  • Francesco Gracceva

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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  1. 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.
  2. Gernot Klepper & Sonja Peterson, 2006. "Emissions Trading, CDM, JI, and More: The Climate Strategy of the EU," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 1-26.
  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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