European Union Emissions Trading Scheme: Design Evolution and Effectiveness Analysis

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Author(s): Antonio Marcio Ferreira Crespo (Concordia University, Canada)and Chun Wang (Concordia University, Canada)
Copyright: 2020
Pages: 22
Source title: Handbook of Research on Interdisciplinary Approaches to Decision Making for Sustainable Supply Chains
Source Author(s)/Editor(s): Anjali Awasthi (Concordia University, Canada)and Katarzyna Grzybowska (Poznan University of Technology, Poland)
DOI: 10.4018/978-1-5225-9570-0.ch009

Keywords: Business & Management / Business Science Reference / Operations and Service Management / Supply Chain Management

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Abstract

The European Union Emissions Trading Scheme (EU-ETS), launched in 2005, is one of the most important market-driven initiatives in support to the global commitment to fight the climate changes and foster sustainable development. The scheme design evolution, comprising four phases, was characterized by continued ineffectiveness in driving emissions reduction, mainly for industries outside the power generation sector. This chapter brings an analysis of the EU-ETS design evolution, aiming at providing an overview on how the EU-ETS design features improvements impacted its effectiveness. The emissions trading scheme's main design features are listed, followed by the description of the EU-ETS design evolution in terms of scope, allowances allocation process, and emissions cap (among others). The greenhouse gases emissions trends, the carbon price behavior, and the availability of allowances in the EU carbon market are presented and discussed as key factors in support to the EU-ETS effectiveness assessment.

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European Union Emissions Trading Scheme: Design Evolution and Effectiveness Analysis

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