Kaminskaite-Salters, Giedre --- "Expansion of the EU ETS: The Case of Emissions Trading for Aviation" [2008] ELECD 424; 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 12

Section Title: Expansion of the EU ETS: The Case of Emissions Trading for Aviation

Author(s): Kaminskaite-Salters, Giedre

Number of pages: 21

Extract:

12. Expansion of the EU ETS: the case of
emissions trading for aviation1
Giedre Kaminskaite-Salters

1. INTRODUCTION
The EU ETS represents the key instrument of the EU's climate change policy.
The fact that only around 12 000 installations, accounting for about 40% of the
EU's total carbon dioxide emissions, are covered by the EU Emissions Trading
Scheme (EU ETS), inevitably means that any emission reductions achieved
via the scheme are liable to be counterbalanced by growth in emissions in
excluded sectors unless those sectors are carbon constrained via taxation,
regulation or other means. Moreover, as only carbon dioxide (CO2) is
currently covered by the EU ETS, any rise in the emissions of other green-
house gases2 is bound to undermine the cuts achieved in the reductions of CO2
ultimately hindering the efforts to prevent further climate change.
Article 30 of the EU ETS Directive3 obliged the EU Commission to
produce, by 30 June 2006, a report considering, inter alia, whether and how
other sectors and activities should be included in the EU ETS, as well as the
scope for extending its application to other greenhouse gases, with a view to
further improving the economic efficiency of the scheme. Released in
November 2006, the report, Building a global carbon market,4 stated that
legislative proposals would follow in late 2007, with regulatory changes
taking effect in Phase III of the EU ETS (namely, 2013­2020). The report
stressed the Commission's intention to expand the EU ETS Directive' ...