Emissions Trading and the Management of the 2007 Wall in the United Kingdom and in France
Article from: OGEL 2 (2007), in Emission Trading
Introduction
Since the adoption of the Kyoto Protocol in 1997, emissions trading has been recognised as one of the major mechanisms to fight against climate change,[1] mainly because it meets environmental goals in a cost effective way.[2] Tradable allowances to emit greenhouse gases (hereafter 'GHG') are allocated to polluters to prevent them from emitting above a certain threshold. Such allowances either can cover polluters' emissions or be sold to other operators. As an Annex B party (hereafter 'ABP') to the Kyoto Protocol, the European Union (hereafter 'EU'), as a whole, ...