Trading Up: Reforming the European Union's Emissions Trading Scheme
Article
This report considers arguments for expanding the European Union Emissions Trading Scheme so that it includes not only additional gases and activities in energy-intensive industries, but also the aviation and maritime industries, and road transport.
The European Union Emissions Trading Scheme (EU ETS) is Europe's most important initiative for curbing greenhouse gas emissions and averting dangerous climate change. Human-induced climate change, caused by emissions of CO2 and other greenhouse gases (GHG), mainly from burning fossil fuels and deforestation, is a serious long-term global environmental threat to human and ecological welfare (Baer 2006). To avoid dangerous climate change, global greenhouse gas emissions must be reduced very significantly.
This report considers arguments for expanding the EU ETS so that it includes not only additional gases and activities in energy-intensive industries, but also the aviation and maritime industries, and road transport.
Related items
Harry Quilter-Pinner reacts to the Budget on GB News
Interim executive director Harry Quilter-Pinner reacts to the Budget with Jacob Rees Mogg on GB NewsZoë Billingham reacts to the Budget 2024 on Sky News
Zoë Billingham reacts to the Budget 2024 on Sky News live from Grimsby.Second round effects: Why the OBR is likely underestimating the growth effects of public investment
The Office for Budgetary Responsibility has outlined a new approach to modelling the growth impacts of public investment.