The EU ETS scheme started in 2005 in order to help the EU meet its targets under the Kyoto Protocol – 80% reduction in greenhouse gas emissions from 1990 levels.
The scheme is the world’s largest carbon-trading scheme. It provides an incentive for installations to reduce their carbon emissions, because they can then sell their surplus allowances.
Organisations are included in the scheme on the basis of their Carbon Dioxide (CO2) emitting activities.
The EU ETS is the largest multi-country, multi-sector greenhouse gas emissions trading system in the world. It includes around 11,000 installations accounting for about 45 per cent of EU carbon dioxide (CO2) emissions.
The EU ETS covers electricity generation and the main energy-intensive industries – power stations, refineries, iron and steel, cement and lime, paper, food and drink, glass, ceramics, engineering and the manufacture of vehicles.
We are now in the 3rd phase of The EU ETS : Phase III of the EU ETS runs from 1 January 2013 to 31 December 2020. It brings harmonised EU allocation methodologies and covers additional greenhouse gases and emission sources.
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