Revision of the Functioning of the EU Emissions Trading System
Revision of the Functioning of the EU Emissions Trading System
Author(s): Kamila SobierajSubject(s): Politics, Economy, Law, Constitution, Jurisprudence, Energy and Environmental Studies, International Law, EU-Accession / EU-DEvelopment
Published by: Towarzystwo Naukowe KUL & Katolicki Uniwersytet Lubelski Jana Pawła II
Keywords: climate & energy policy; environmental law; emission reduction; greenhouse gases; GHG
Summary/Abstract: The passage of more than a decade since the system was introduced and 3 years since the beginning of the third trading period (Phase 3) has coincided with a period of aggravating crisis (referred to even as a breakdown) and recurring doubts as to whether the system is capable of achieving the desired goal or perhaps it should be replaced with another instrument. However, no concept of such an instrument has been proposed yet, which would enable harmful emissions to be reduced efficiently and cost-effectively instead of the current EU ETS. Ten years after the launch of the system and three years into Phase 3, intensive work started on a structural reform of the EU ETS. The aim of this article is to give account of the state of research in the reform, present the principal directions and objectives, and to provide an evaluation.
Journal: Roczniki Nauk Prawnych
- Issue Year: 27/2017
- Issue No: 1EV
- Page Range: 93-108
- Page Count: 16
- Language: English