The European Union Emissions Trading System: Ten Years and Counting

Ellerman, A. Denny; Marcantoniniy, Claudio; Zaklanz, Aleksandar
January 2016
Review of Environmental Economics & Policy;Winter2016, Vol. 10 Issue 1, p89
Academic Journal
The article focuses on the cap-and-trade system European Union (EU) Emissions Trading System (ETS) and its evolution through the years. Topics discussed include its history and structure containing changes in its legislation and its evolution from a decentralized structure to a EU based structure, role of EU ETS in decreasing greenhouse gas emissions and improving gross domestic product (GDP) of its member states from 2004 to 2014, and its policy on climate and energy from 2020 to 2030.


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