What Lessons Can Be Learned from the EU Emissions Trading Scheme?

CEPS Policy Brief No. 153

6 Pages Posted: 28 Jan 2009  

Christian Egenhofer

Centre for European Policy Studies (CEPS)

Noriko Fujiwara

Centre for European Policy Studies (CEPS)

Date Written: February 28, 2008

Abstract

The EU emissions trading scheme (EU-ETS) introduced in 2005 is the only mandatory cap-and-trade system operating in the world today. Lessons could be taken from the EU stance which allows for flexibility in rules and realises emission reductions with firm commitments by stakeholders.

This CEPS Policy Brief is published in a bilingual English-Japanese version. The Japanese version was originally published in Nihon Keizai Shimbun, 14 February 2008.

Keywords: Emissions Trading, International Climate Change Regime

Suggested Citation

Egenhofer, Christian and Fujiwara, Noriko, What Lessons Can Be Learned from the EU Emissions Trading Scheme? (February 28, 2008). CEPS Policy Brief No. 153. Available at SSRN: https://ssrn.com/abstract=1334060 or http://dx.doi.org/10.2139/ssrn.1334060

Christian Egenhofer (Contact Author)

Centre for European Policy Studies (CEPS) ( email )

1 Place du Congres
B-1000 Brussels, 1000
Belgium

Noriko Fujiwara

Centre for European Policy Studies (CEPS) ( email )

1 Place du Congres
Brussels, 1000
Belgium

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