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Emissions Trading Schemes in the Transportation Sector
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Author(s): Alexandra Maragkogianni (Technical University of Crete, Greece), Spiros Papaefthimiou (Technical University of Crete, Greece)and Constantin Zopounidis (School of Production Engineering and Management, Technical University of Crete, Greece & Audencia Business School, France)
Copyright: 2013
Pages: 21
Source title:
Sustainable Technologies, Policies, and Constraints in the Green Economy
Source Author(s)/Editor(s): Andrei Jean-Vasile (Romanian Academy, National Institute for Economic Research "Costin C. Kiriţescu", Bucharest, Romania), Turek Rahoveanu Adrian (Institute of Research for Agricultural Economics and Rural Development, Romania), Jonel Subic (Institute of Agricultural Economics, Belgrade, Serbia)and Dorel Dusmanescu (Petroleum - Gas University of Ploiesti, Romania)
DOI: 10.4018/978-1-4666-4098-6.ch015
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Abstract
The transportation sector is a constantly growing source of greenhouse gas emissions, and its inclusion in the European Union Emissions Trading Scheme (EU-ETS) has become inevitable, aiming to mitigate climate change effects. This chapter summarises the operation of the scheme, the accompanying legal framework, the induced implications, and the necessary requirements for the inclusion of transportation sub-sectors in the scheme. The implementation of the EU-ETS in aviation, shipping, and road transport is described, while details on the emissions trading and allowances allocation are provided. The processes of monitoring, reporting, and verification of emissions are reported along with the energy challenges, environmental, and financial impacts of the anticipated market based measures.
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