The EU and Kyoto Protocol: Achievements and Future Challenges
7 Pages Posted: 12 Jan 2013
Date Written: December 21, 2012
This article assesses the European Union's positive performance in achieving its own Kyoto Protocol target, differently from the other Annex I countries. The analysis highlights a quite heterogeneous situation across Member States. The simultaneous contribution of both the EU Emission Trading System and the financial crisis have made EU compliance with the Kyoto commitment uncertain. Nevertheless, the last Conference of Parties has shown that EU is willing to lead future strategy to deal with climate change even though new international agreements may be either at risk or ineffective in environmental terms.
Keywords: Kyoto Protocol, European Union, Emission Trading System
JEL Classification: Q54, Q58, G01
Suggested Citation: Suggested Citation