Allocation in the European Emissions Trading Scheme: Rights, by A. Denny Ellerman, Barbara K. Buchner, Carlo Carraro

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By A. Denny Ellerman, Barbara K. Buchner, Carlo Carraro

A serious factor in facing weather switch is determining who has a correct to emit carbon dioxide. initially released in 2007, Allocation within the eu Emissions buying and selling Scheme supplied the 1st in-depth description and research of the method wherein rights to emit carbon dioxide have been created and dispensed within the eu Union. This was once the world's first large-scale scan with an emission buying and selling process for carbon dioxide and was once prone to be copied by means of others if there has been to be an international regime for restricting greenhouse gasoline emissions. The ebook includes contributions from these accountable for placing the allocation into perform in ten consultant member states and on the eu fee. the issues encountered during this approach, the strategies chanced on, and the alternatives they made, can be of curiosity to all who're fascinated by weather coverage and using emissions buying and selling to wrestle weather swap.

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Additional info for Allocation in the European Emissions Trading Scheme: Rights, Rents and Fairness

Example text

Article 9(2) foresees that the notified allocation plan has to be considered by the Committee set up under Directive 2003/87/EC. Committee meetings are chaired by the Commission and attended by Member States. Records of Committee meetings are not available to the general public. Article 9(3) mandates the Commission to assess a notified allocation plan and empowers it to prevent the implementation of a plan at national level, if it finds the plan to be incompatible with the criteria in Annex III of the Directive or the provisions of Article 10.

Figures do not take into account any opt-ins and opt-outs of installations in accordance with Article 24 and 27 of Directive 2003/87/EC. b One allowance corresponds to 1 t of CO2 . c While the plan notified was approved without lowering the cap, the United Kingdom submitted a new plan on 16 November 2004 to the Commission that foresaw an increase in the total cap by almost 20 million allowances to 756 million for the period. This increase after the Commission’s approval of the plan on 7 July 2004 was rejected by the Commission on 12 April 2005.

The allocation challenges to be mastered at the national level to develop the first round allocation plans consisted of: r Identifying the installations covered r Gathering and processing of relevant data r Fixing the national cap and deciding on the path to the Kyoto target r Elaborating allocation formulae at sector and installation level r Designing rules for new entrants and installation closure r Overcoming know-how gaps in authorities and among stakeholders r Organising public consultation and securing political acceptability r Tight time schedule.

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