By A. Denny Ellerman, Barbara K. Buchner, Carlo Carraro
A severe factor in facing weather switch is determining who has a correct to emit carbon dioxide. initially released in 2007, Allocation within the eu Emissions buying and selling Scheme supplied the 1st in-depth description and research of the method during which rights to emit carbon dioxide have been created and dispensed within the ecu Union. This used to be the world's first large-scale test with an emission buying and selling approach for carbon dioxide and used to be prone to be copied via others if there has been to be a world regime for restricting greenhouse fuel emissions. The booklet contains contributions from these liable for placing the allocation into perform in ten consultant member states and on the eu fee. the issues encountered during this approach, the suggestions discovered, and the alternatives they made, can be of curiosity to all who're fascinated about weather coverage and using emissions buying and selling to wrestle weather swap.
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Additional resources for Allocation in the European Emissions Trading Scheme: Rights, Rents and Fairness
The goal of the editors and contributors to this volume is to make this experience more accessible and to draw appropriate observations and lessons from it. 2 Methodology The process of writing this book has involved more than the compilation of eleven individual contributions with editorial introduction and conclusion. In early 2005, the Fondazione Eni Enrico Mattei assembled a small group of individuals who were closely involved in the EU allocation process at the Member State level to participate in a structured discussion and analysis of their experiences.
It leaves it up to the discretion of a Member State whether to break down the total into sectoral budgets as an intermediate step to the installation level (one-step vs. two-step allocation process). It leaves also the sectoral definitions in the hands of national decision-making. There are pros and cons for both the one-step and two-step allocation process. In the end most Member States chose a two-step process in order to be able to account for specific circumstances of sectors. However, the two-step allocation process brought with it a lot more issues to be discussed and decided than a one-step process.
The Directive further specified that the Commission had to take a decision on a plan within three months of notification, otherwise the plan would be approved tacitly. 1 shows the assessment dates and the time between the initial notification and assessment. The staggered submission of plans has also resulted in a staggered approval schedule. During 2004 the Commission passed three batches of decisions (7 July – eight plans, 20 October – eight plans and 27 December – five plans). In 2005 four more plans were approved, in March, April, May and June respectively.
Allocation in the European Emissions Trading Scheme: Rights, Rents and Fairness by A. Denny Ellerman, Barbara K. Buchner, Carlo Carraro