EU Emissions Trading System

Author: John Ferrier

PDF Published: Friday 05 Apr 2019 (SB 19-17)

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Overview
Report

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Overview
Report
- Executive Summary
- Introduction
  - Greenhouse Gases and Climate Change
  - International and National Action on Climate Change
  - Carbon Pricing
  - Carbon Taxes
  - Emissions Trading ('Cap and Trade') Schemes
  - What is the EU Emissions Trading System?
- History of the EU ETS
  - Phase 1 – Pilot Phase (2005-2007)
  - Phase 2 – First Kyoto Commitment Period (2008-2012)
  - Phase 3 – A Developed Emissions Trading System (2013–2020)
- Phase 3 and Domestic Implementation
  - Free Allocations and Benchmarks
  - Allowance Auctioning
  - Carbon Price Floor
  - Market Stability Reserve
- Phase 4 - Meeting 2030 Targets (2021-2030)
- The Legal Framework
- The EU ETS and Brexit
  - Post-Brexit Options
  - UK and Scottish Government Positions
  - Stakeholder Views
- Executive Summary
- Introduction
- History of the EU ETS
- Phase 3 and Domestic Implementation
- Phase 4 - Meeting 2030 Targets (2021-2030)
- The Legal Framework
- The EU ETS and Brexit
Sources

Image: Atmospheric CO2 over the past 400,000 years …

Image: Scottish Greenhouse Gas Emissions by Sector …

Image: Product Benchmarks …

Image: Annual Benchmark-Determined Allocations for Phase 3 …

Image: The Carbon Price Floor …

TNAC (Total Number of Allowances in Circulation) = Supply of Allowances - Demand

Image: Functioning of the Market Stability Reserve …

Image: Net Scottish Emissions Account …

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