5521. EU Emissions Trading: Challenges and Implications of National Implementation
- Author:
- Jacqueline Karas and Fiona Mullins
- Publication Date:
- 11-2003
- Content Type:
- Working Paper
- Institution:
- Chatham House
- Abstract:
- Emissions trading is central to the European Union's (EU) strategy to meet its climate change commitments under the Kyoto Protocol. However, implementing the EU Directive on emissions trading ('the Directive') is proving extremely challenging for the governments involved. In particular, governments have to prepare National Allocation Plans (NAPs) for distributing emissions allowances to industry within a very tight timeframe. More than 12,000 industrial installations across the EU and accession countries will participate in the trading system.
- Topic:
- Climate Change, Markets, and Treaties and Agreements
- Political Geography:
- Europe