What is the European Union Emissions Trading System ?
Under the Kyoto Protocol (1997), the European Union (EU) committed to reducing its greenhouse gas (GHG) emissions by 8 % over the 2008-2012 period. To meet this target, Directive 2003/87/EC established the EU Emissions Trading System (EU ETS), which has become the central pillar of European climate policy. Since (…)
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