EU carbon trading

Eu carbon trading

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Unformatted text preview: Case
Study:
 The
European
Union
 Emissions
Trading
Scheme
 (ETS)
 Previous
History
 European
Mechanisms

 Before
ETS
 •  A
combinaBon
of:
 •  Taxes

 •  Direct
government
regulaBons
 •  Government
directed
investment.
 Why
ETS?
 •  Taxes:
at
EU
level,
REQUIRES
UNANIMITY.
 •  Meant
that
any
one
government
could
block
 any
change.
 •  U.K.
a
parBcular
problem.
 •  Broadened
poliBcal
support
(market‐friendly
 types
supported
cap‐and‐trade.)
 •  Success
of
U.S....
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This note was uploaded on 01/12/2010 for the course ENVS 141 taught by Professor Richard during the Fall '09 term at UCSC.

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