Pathways to European Greenhouse Gas Emissions Trading History and Misconceptions

36 Pages Posted: 31 Oct 2002

See all articles by Peter Zapfel

Peter Zapfel

European Commission, DG Environment

Matti Vainio

European Commission, DG Environment

Date Written: October 2002

Abstract

We develop and discuss the three pathways to European Greenhouse Gas Emissions Trading: a top-down scheme based on the Kyoto Protocol of the UNFCCC, a bottom-up scheme linking national trading systems of EU Member States, and an EU-wide regional scheme based on the founding principles of the European Union. We review how the debate on greenhouse gas emissions trading has evolved in Europe since the adoption of the Kyoto Protocol in 1997 in three phases. We also review a set of influential misconceptions in the European discussion concerning emissions trading and, while dispelling them, try to establish why such misconceptions have arisen.

Keywords: Climate Policy, Emissions Trading, Greenhouse Gases, Kyoto Protocol, European Union

JEL Classification: D61, H23, Q25

Suggested Citation

Zapfel, Peter and Vainio, Matti, Pathways to European Greenhouse Gas Emissions Trading History and Misconceptions (October 2002). FEEM Working Paper No. 85.2002. Available at SSRN: https://ssrn.com/abstract=342924 or http://dx.doi.org/10.2139/ssrn.342924

Peter Zapfel

European Commission, DG Environment ( email )

200 Rue de la Loi
Brussells, B-1049
Belgium

Matti Vainio (Contact Author)

European Commission, DG Environment ( email )

200 Rue de la Loi
Brussells, B-1049
Belgium

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