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

  1. A row of international flags flying in the breeze outside a building in Paris on a sunny day

    Diversifying diplomacy: UK strategy in a fragmenting world

    How the UK might build more durable international partnerships in energy, defence and technology.
  2. A 'To Let' sign outside a row of houses on a residential street, UK

    High housing costs in the private rental sector: The case for action

    45 per cent of all private renters in the UK have unaffordable rents. It's time for the government to act to limit rent increases.
  3. A wide shot of several large commercial vessels, including oil tankers and a survey boat, floating on turquoise water. In the background, an industrial shoreline with numerous smokestacks and refinery infrastructure is visible under a cloudy sky. Concept of global logistics, maritime industry, and international trade.

    Price caps and economic stability: How to manage the Iran war energy shock?

    The Iran war energy shock will impose significant costs on the UK economy, even if the government does not offer a universal support package.