European Union Emissions Trading Scheme
Latest news
- May 2008 - Consultation on the EU Commission’s proposed amendments to the EU ETS from 2013
- April 2008: EU Commission announce plans for the release of 2007 data for the EU ETS.
- March 2008: Chancellor: auctioning 100 per cent of allowances to large electricity producers in Phase III of the EU Emissions Trading Scheme
- February 2008: EU ETS: UK 2006 summary report
- January 2008: future plans: aviation and surface transport
The EU Emissions Trading Scheme (EU ETS) is a Europe wide scheme which aims to reduce emissions of carbon dioxide and combat the serious threat of climate change. EU ETS puts a price on carbon that businesses use and creates a market for carbon. It has been in place since 2005 and is the first scheme of its kind in the world.
The UK is committed to building on the EU ETS as its main way of pricing carbon in the economy, to ensure emissions are effectively limited, and sees the EU ETS Review as an excellent opportunity to map out a long term policy framework and provide clear and convincing signals about the scheme. The key areas that need to be addressed to ensure EU ETS meets its potential are as follows:
- setting safe, stable and affordable emissions limits
- building a global carbon market
- expanding the scheme
- Improving efficiency
Further information
- Phase 1 2005-2008 and Phase II 2008-2012
- Aviation and surface transport in the EU ETS
- European Commission's review in the EU ETS
See also
Page last modified: 7 May 2008
Page published: 8 September 2003