Linking Emissions Trading Schemes with the European Union

Vaiciulis, Rolandas

Linking Emissions Trading Schemes with the European Union

atmire.migration.oldid	694
dc.contributor.advisor	Bankes, Nigel
dc.contributor.author	Vaiciulis, Rolandas
dc.date.accessioned	2013-01-25T22:54:59Z
dc.date.available	2013-06-15T07:01:47Z
dc.date.issued	2013-01-25
dc.date.submitted	2013	en
dc.description.abstract	Emissions trading is a crucial policy tool for reducing greenhouse gas emissions in a cost-effective way. The world’s largest existing emissions trading scheme is the European Union’s cap-and–trade Emissions Trading Scheme (EU ETS). It was established in 2005 through the Emissions Trading Directive to help the European Union and its member states to reduce greenhouse gas emissions and fulfill their commitments under the Kyoto Protocol in a cost-effective way. The Directive recognizes that linking the EU ETS to other emissions trading schemes would increase the cost-effectiveness of reaching the community’s emissions reduction commitment. When the EU ETS was launched in 2005, in its first phase, it covered over 11,500 energy-intensive installations across the then 15 EU member states, representing 45 percent of the EU’s carbon dioxide (CO2) emissions. Currently in its second trading period, from 2008 to 2012, the EU ETS now addresses emissions from the enlarged EU, with 27 member states. The EU ETS is also linked to domestic emissions trading schemes in Norway, Iceland and Lichtenstein. Most recently, in August 2012, Australia and the EU announced their intention of linking their emissions trading schemes. Switzerland is also considering the establishment of a domestic emissions trading scheme and anticipating linking to the EU ETS in the future. Because of its size and harmonization experience, this scheme offers a starting point for establishing a global network of greenhouse gas emissions trading schemes. Greenhouse gas emissions trading schemes in Canada, in particular, the proposed federal scheme and the existing Alberta provincial scheme are also potential candidates for linkage under article 25 of the EU Trading Directive, through an agreement for the mutual recognition of allowances. However, the different designs of the EU and Canadian domestic emissions schemes will pose challenges in establishing linkage. This thesis identifies some of the key features in the design of emissions trading schemes and the implications of these design features when exploring linkage between the EU ETS and the Canadian emissions trading schemes.	en_US
dc.identifier.citation	Vaiciulis, R. (2013). Linking Emissions Trading Schemes with the European Union (Master's thesis, University of Calgary, Calgary, Canada). Retrieved from https://prism.ucalgary.ca. doi:10.11575/PRISM/26770	en_US
dc.identifier.doi	http://dx.doi.org/10.11575/PRISM/26770
dc.identifier.uri	http://hdl.handle.net/11023/505
dc.language.iso	eng
dc.publisher.faculty	Graduate Studies
dc.publisher.faculty	Law
dc.publisher.institution	University of Calgary	en
dc.publisher.place	Calgary	en
dc.rights	University of Calgary graduate students retain copyright ownership and moral rights for their thesis. You may use this material in any way that is permitted by the Copyright Act or through licensing that has been assigned to the document. For uses that are not allowable under copyright legislation or licensing, you are required to seek permission.
dc.subject	Law
dc.subject.classification	Emisions trading	en_US
dc.subject.classification	EU ETS	en_US
dc.subject.classification	Linking	en_US
dc.subject.classification	Emissions trading schemes	en_US
dc.subject.classification	climate change	en_US
dc.subject.classification	Climate policy	en_US
dc.subject.classification	ETS	en_US
dc.subject.classification	Alberta	en_US
dc.subject.classification	Canada	en_US
dc.title	Linking Emissions Trading Schemes with the European Union
dc.type	master thesis
thesis.degree.grantor	University of Calgary
thesis.degree.name	Master of Laws (LLM)
ucalgary.item.requestcopy	true