EU Emission Trading Scheme (ETS) - Definition, glossary, details
Also known as EU emission trading system is the largest
multi-national emissions trading system in the world. It is the European
Union’s cornerstone policy to combat climate change and reduce greenhouse gas
concentration in the atmosphere. Emissions trading schemes provide a financial
incentive for organizations and corporations to reduce their carbon footprint.
The aim of the EU ETS is to help member states of European Union to
achieve their commitments to reduce greenhouse gas emissions in a cost
effective way. This is based on the principle of ‘cap and trade’ system.
|Enhanced Oil Recovery (EOR)||Enhanced Greenhouse Effect||Enhanced Gas Recovery (EGR)|
|Emissions Trading||Emissions Cap||Early crediting|
|EU Allowance (EUA)||Ecological footprint|