The European Union’s Emissions Trading System: Climate Policymaking Model, or Muddle? (Part II)

28 Pages Posted: 16 Dec 2019

See all articles by William C. G. Burns

William C. G. Burns

Institute for Carbon Removal Law & Policy, American University

Date Written: November 29, 2017

Abstract

In the first half of this Article, I outlined the genesis of the European Union’s Emissions Trading System (EU-ETS) and the history of its implementation during its first two phases from 2005 to 2008. In the second half o f this Article. I will I) outline the contours of implementation of the EU-ETS in Phase 3; 2) examine the implications of recent decisions by the European Council and Commission for implementation of Phase 4; 3) assess the effectiveness of the EU-ETS to date in meeting key climate and energy objectives in what continues to be characterized as the “cornerstone” of climate policymaking in Europe: and 4) suggest some potential methods to strengthen the framework, or move away from it as the primary climate policy mechanism to reduce emissions.

Keywords: European Union Emissions Trade System

JEL Classification: K33

Suggested Citation

Burns, William C.G., The European Union’s Emissions Trading System: Climate Policymaking Model, or Muddle? (Part II) (November 29, 2017). Tulane Environmental Law Journal, Vol. 31, 2017, Available at SSRN: https://ssrn.com/abstract=3495622

William C.G. Burns (Contact Author)

Institute for Carbon Removal Law & Policy, American University ( email )

Washington, DC
United States

HOME PAGE: http://https://www.american.edu/sis/centers/carbon-removal/

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