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The EU emissions trading scheme (ETS): how linked to JI/CDM?

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  • Catrinus J. Jepma

Abstract

The paper first argues that the Directive for EU-wide greenhouse gas emission trading still carries a number of weaknesses, such as: • still no clear link with other climate policies in the Member States; • the subsidiarity with regard to the allocation of allowances may distort intra-EU competition; • lack of clarity as to what the (future) scope and coverage of the scheme may look like. Then, it is argued that not convincingly linking the scheme to the flexibility instruments of the Kyoto Protocol, JI and CDM, or establishing such a link only later or based on some supplementarity rule, not only carries a number of risks, but may also be circumvented by the Member States using their freedom with regard to their national climate policy design.

Suggested Citation

  • Catrinus J. Jepma, 2003. "The EU emissions trading scheme (ETS): how linked to JI/CDM?," Climate Policy, Taylor & Francis Journals, vol. 3(1), pages 89-94, March.
    • Handle: RePEc:taf:tcpoxx:v:3:y:2003:i:1:p:89-94
    DOI: 10.3763/cpol.2003.0309
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    Cited by:

    1. Halkos, George, 2014. "The Economics of Climate Change Policy: Critical review and future policy directions," MPRA Paper 56841, University Library of Munich, Germany.
    2. Andrew Manale & Cynthia Morgan & Glenn Sheriff & David Simpson, 2011. "Offset markets for nutrient and sediment discharges in the Chesapeake Bay Watershed: Policy tradeoffs and potential steps forward," NCEE Working Paper Series 201105, National Center for Environmental Economics, U.S. Environmental Protection Agency, revised Aug 2011.
    3. Johannes Rosen & Wolf Fichtner & Otto Rentz, 2004. "Baseline Standardisation with Optimising Energy-System Models," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 9(2), pages 121-146, June.

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