The EU Emission Trading System (hereafter ETS) has been the subject of a lengthy four-phased strengthening process leading to the construction of the most developed system of the kind in the world. It currently covers 45% of EU total greenhouse gas (GHG) emissions and is thus a major tool for the fulfilment of the EU’s climate commitments. It relies on a “cap and trade” model: … Continuer de lire On the eve of the launching of the Fourth phase of the EU-ETS: an overview of the developments and expectations surrounding the world’s largest emission trading market by Marie Escorneboueu

Implementation of the Paris Agreement towards COP26 (Glasgow, 2020) The COP25 in Madrid, Spain, could not, unfortunately, reach an agreement on the remaining rules to fully implement the Paris Agreement from 2020, especially on the market mechanism (Article 6), but only to end up with loose COP decision recalling that “each Party’s successive nationally determined contribution will represent a progression beyond the Party’s then-current nationally … Continuer de lire EU’s zero-emission and youth initiatives as drivers to implement the Paris Agreement? by Hitomi Kimura