Bazelmans, Janneke --- "Linking the EU ETS to Other Emissions Trading Schemes" [2008] ELECD 423; in Faure, Michael; Peeters, Marjan (eds), "Climate Change and European Emissions Trading" (Edward Elgar Publishing, 2008)

Book Title: Climate Change and European Emissions Trading

Editor(s): Faure, Michael; Peeters, Marjan

Publisher: Edward Elgar Publishing

ISBN (hard cover): 9781847208989

Section: Chapter 11

Section Title: Linking the EU ETS to Other Emissions Trading Schemes

Author(s): Bazelmans, Janneke

Number of pages: 25

Extract:

11. Linking the EU ETS to other
emissions trading schemes
Janneke Bazelmans1

1. INTRODUCTION
Emissions trading delivers a crucial tool for combating climate change. As a
general trend, a number of domestic emissions trading schemes (dETSs) are
emerging, each with their own characteristics. Efficiency would increase if these
dETSs were linked to each other. The European Union's scheme (EU ETS)2
offers the largest, broadest building block for developing a global network of
systems. The EU ETS is already linked to domestic emissions trading systems
in Norway, Iceland and Liechtenstein.3 In addition, the current EU Trading
Directive paves the way for linking the EU ETS to several dETSs in Kyoto
Parties as well as in non-Kyoto countries. Such links can be created directly
between different dETSs and indirectly through offsets, such as the Clean
Development Mechanism (CDM) and Joint Implementation (JI).4 In October
2007, the International Carbon Action Partnership (ICAP) was launched.5 This
consists of a coalition of European countries, some USA states,6 Canadian

1 External PhD candidate, Centre for Environmental Law, University of
Amsterdam. Janneke's PhD is focused on the future of the Clean Development
Mechanism beyond 2012. This Chapter was finalized on 28 February 2008.
2 Based on Directive 2003/87/EC of the European Parliament and of the
Council of 13 October 2003 establishing a scheme for greenhouse gas emission
allowance trading within the Community (EU Trading Directive).
3 EEA agreement Decision of the EEA Joint Committee, no 146/2007 ...