Ten (plus one) insights from the EU Emissions Trading Scheme: with reference to emerging systems in Asia
| Document(s) | |
| Author | Michael Grubb, Misato Sato |
| Type | Final |
| Date | 10 Nov 2009 |
| Description | Many countries including the US, Japan, Australia, Korea and others are now actively developing emissions trading systems. Europe has accumulated a rich experience with designing and implementing a cap and trade program, and policy makers elsewhere have an opportunity to look at this experience on key issues that continue to challenge consensus. Foremost amongst these are issues surrounding allocation, costs and competitiveness. This report that examines the experience of the European Union’s Emission Trading System and suggests key lessons relevant to current debates in many regions, with associated recommendations. This paper is based on the report of the German Marshall Fund Climate & Energy Paper Series: Climate Policy, Allocation and Industrial Competitiveness: Ten Insights from the EU Emissions Trading Scheme, prepared in July 2009 (available for download here).The Japanese translation of the Executive Summary is also available for download (here).
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