Analyzing the Carbon Emissions Trading in Europe
The EU ETS Scheme
| Publication Date | August 2009 |
|---|---|
| Publisher | Aruvian's R'search |
| Product Type | Report |
| Pages | 170 |
| ISBN Number | not applicable |
| Product Code | ARU03624 |
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Summary
Emissions trading is an administrative approach used to control pollution by providing economic incentives for achieving reductions in the emissions of pollutants. It is sometimes called cap and trade.
The European Union Emission Trading System (EU ETS) is the largest multi-national, emissions trading scheme in the world, and is a major pillar of EU climate policy. The ETS currently covers more than 10,000 installations in the energy and industrial sectors which are collectively responsible for close to half of the EU's emissions of CO2 and 40% of its total greenhouse gas emissions.
Under the EU ETS, large emitters of carbon dioxide within the EU must monitor and annually report their CO2 emissions, and they are obliged every year to return an amount of emission allowances to the government that is equivalent to their CO2 emissions in that year. In order to neutralize annual irregularities in CO2-emission levels that may occur due to extreme weather events (such as harsh winters or very hot summers), emission allowances for any plant operator subject to the EU ETS are given out for a sequence of several years at once.
Aruvian Research presents an analysis of the Carbon Emissions Trading Market (EU ETS) in Europe. Also known as the European Union Emissions Trading Scheme, this analysis takes a look at what the scheme is all about, its relation to the Kyoto Protocol, its impact on various industries across Europe, and much more. The report analyzes the cap setting process, the process of banking and borrowing, the linking directive, scope of the ETS, along with a look at the benefits that ETS provides for partners outside the EU.
A look at the impact of the EU ETS on the European power sector is also focused upon in the report, along with the various abatement strategies across the EU. An analysis of the completed first phase (2005 to 2007), a look at the multinational character of the EU ETS, controversies associated with the scheme, and a country-wise analysis of the first phase of the EU ETS are just some highlights of what is contained in the report – Analyzing the Carbon Emissions Trading in Europe – The EU ETS Scheme.
The European Union Emission Trading System (EU ETS) is the largest multi-national, emissions trading scheme in the world, and is a major pillar of EU climate policy. The ETS currently covers more than 10,000 installations in the energy and industrial sectors which are collectively responsible for close to half of the EU's emissions of CO2 and 40% of its total greenhouse gas emissions.
Under the EU ETS, large emitters of carbon dioxide within the EU must monitor and annually report their CO2 emissions, and they are obliged every year to return an amount of emission allowances to the government that is equivalent to their CO2 emissions in that year. In order to neutralize annual irregularities in CO2-emission levels that may occur due to extreme weather events (such as harsh winters or very hot summers), emission allowances for any plant operator subject to the EU ETS are given out for a sequence of several years at once.
Aruvian Research presents an analysis of the Carbon Emissions Trading Market (EU ETS) in Europe. Also known as the European Union Emissions Trading Scheme, this analysis takes a look at what the scheme is all about, its relation to the Kyoto Protocol, its impact on various industries across Europe, and much more. The report analyzes the cap setting process, the process of banking and borrowing, the linking directive, scope of the ETS, along with a look at the benefits that ETS provides for partners outside the EU.
A look at the impact of the EU ETS on the European power sector is also focused upon in the report, along with the various abatement strategies across the EU. An analysis of the completed first phase (2005 to 2007), a look at the multinational character of the EU ETS, controversies associated with the scheme, and a country-wise analysis of the first phase of the EU ETS are just some highlights of what is contained in the report – Analyzing the Carbon Emissions Trading in Europe – The EU ETS Scheme.
Content
A. Executive SummaryB. Analyzing Greenhouse Gases
B.1 What are Greenhouse Gases?
B.2 The Greenhouse Effect
B.3 What are the Causes of Global Warming?
B.4 Greenhouse Gases
B.5 Various Feedback Processes
B.6 Solar Variation
B.7 How Temperatures are Changing
B.8 Recent Changes
B.9 Historical Temperature Changes
B.10 Economics of Global Warming
B.11 Mitigation of Global Warming
B.12 Natural & Anthropogenic Sources of GHGs
B.13 Role of Water Vapor
B.14 GHG Emissions
C. Effects of Global Warming
C.1 Overview
C.2 Effects on Weather
C.3 Effects on Oceans
C.4 Effect on Ecosystems
C.5 Effect on Agriculture
C.6 Further Global Warming
C.7 Negative Feedback Effects
C.8 Economic Effects
C.9 Environmental Effects
C.10 Health Effects
C.11 Effect on Security
C.12 Impact of Glacier Retreat
D. Experience with Emissions Trading
D.1 Emission Reduction Credit Offset Trading
D.2 Lead in Gasoline
D.3 Electric Utility SO2 Allowance Trading
D.5 RECLAIM
D.6 Ozone Transport Commission NOx Budget Program
D.7 Emissions Trading for Greenhouse Gases
D.8 Kyoto Mechanisms
D.9 Danish CO2 Program
D.10 UK GHG Emissions Trading Scheme
D.11 European Commission Directive
D.12 Other Proposed Trading Programs
D.13 Links between the Kyoto Mechanisms & Domestic Policies & Measures
E. Introduction to Emissions Trading
E.1 Historical Background
E.2 Present-day International Carbon Market
E.2.1 Market Profile
E.2.2 Emergence of Green Investment Schemes
E.2.3 Project Clean Development Mechanisms (CDM)
E.2.4 Beginning of Joint Implementation in 2008
E.2.5 Looking at Domestic Policies for Emissions Trading
F. Analyzing the Emissions Trading Scheme in the EU
F.1 Profiling the Trading Scheme
F.2 The Cap Setting Process
F.3 Temporal Trading: The Process of Banking & Borrowing
F.4 The Linking Directive
F.5 Scope of the ETS
F.6 Common Trading Currency of Emission Allowances
F.7 Member States' National Allocation Plans
F.8 Measures to Ensure Compliance
F.9 Guidelines for Monitoring & Reporting Emissions
F.10 Transaction Registries
F.11 How the Trading Takes Places
F.12 Comparing the ETS to other Environmental Trading Programs
F.13 Comparing Allowance Allocation Processes in the EU & US
F.14 Comparing Emission Penalties
F.15 Comparing Ease of Public Access to Trading Data
G. Benefits of ETS for Partners outside the European Union
G.1 Creation of Demand for Credits
G.2 Connecting the EU ETS with Other Trading Schemes
H. Impact of the EU ETS on Various Industry Segments
H.1 Impact on the Aluminum Industry
H.2 Impact on the Cement Industry
H.3 Impact on the Pulp & Paper Industry
I. Containment Strategies across the European Union
I.1 Generating Power through Other Sources as Carbon Taxes Increase
I.2 Effect on Technologies as a Result Increase in Carbon Taxes
I.2.1 Coal Fired Power Generation
I.2.2 Gas Fired Power Generation
I.2.3 Output from Renewables
J. Looking at the Period 2005-2007 - the First Phase
J.1 Results based on Emission Levels
J.2 Results based on Prices, Market Activity & their Impact
J.3 EU-ETS & JI & CDM
K. Looking at the Multinational Character of the EU ETS
L. Issues in the Implementation of the ETS
L.1 Tougher Stance on Emissions Cap
L.2 Equalization amongst the National Allocation Plans
L.3 Harmonizing with New Entrants
L.4 Defining Combustion Installations
L.5 Expanding the Coverage of ETS
M. Controversies Associated with the EU ETS
M.1 Overview
M.2 Windfall Profits
M.3 Conceptual Issues
M.4 Empirical Issues - Fuel Costs & Electricity Prices
M.5 The Issue of Auctioning
M.6 Controversy of Over Allocation
M.7 Controversies in the Allocation Process
M.8 Volatility in Prices
M.9 Controversies Related to Linking
N. Future Perspective
O. Country-wise Analysis of the First Phase
O.1 France
O.2 Germany
O.3 Italy
O.4 Netherlands
O.5 Poland
O.6 Slovakia
O.7 United Kingdom
P. Appendix
Q. Glossary of Terms
Delivery Details
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