EU Legislation on Climate - Cap & Trade
Read our quick guide to EU Legislation.
The EU Emissions Trading System is the world's first internal trading system. Trading commenced on the 1 January 2005 and entered its second phase on 1 January 2008. Proposals have recently been put forward for the expansion of the systems scope to include aviation and for its continuance beyond 2012 (when Phase II will end).
Legislation
Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a scheme for greenhouse gas emission allowance trading within the Community and amending Council Directive 96/61/EC
Directive 2004/101/EC of the European Parliament and of the Council of 27 October 2004 amending Directive 2003/87/EC establishing a scheme for greenhouse gas emission allowance trading within the Community, in respect of the Kyoto Protocol's project mechanisms
Proposed Amendments
Proposal for a Directive of the European Parliament and of the Council amending Directive 2003/87/EC so as to improve and extend the greenhouse gas emission allowance trading system of the Community, (COM(2008)16)
Proposal for a Directive of the European Parliament and of the Council of 20 December 2006 amending Directive 2003/87/EC so as to include aviation activities in the scheme for greenhouse gas emission allowance trading within the Community, (COM(2006)818)
Implementing Provisions
Commission Regulation (EC) No 916/2007 of 31 July 2007 amending Regulation (EC) No 2216/2004 for a standardised and secured system of registries - pursuant to Directive 2003/87/EC of the European Parliament and of the Council and Decision No 280/2004/EC of the European Parliament and of the Council
Commission Decision 2007/589/EC of 18 July 2007 establishing guidelines for the monitoring and reporting of greenhouse gas emissions - pursuant to Directive 2003/87/EC of the European Parliament and of the Council (notified under document number C(2007) 3416)
Commission Decision 2006/944/EC of 14 December 2006 determining the respective emission levels allocated to the Community and each of its Member States under the Kyoto Protocol - pursuant to Council Decision 2002/358/EC
Commission Decision 2006/780/EC of 16 November 2006 on avoiding double counting of greenhouse gas emission reductions under the Community emissions trading scheme for project activities under the Kyoto Protocol - pursuant to Directive 2003/87/EC of the European Parliament and of the Council
Communication from the Commission, (COM(2005)702), 'Further guidance on allocation plans for the 2008 to 2012 trading period of the EU Emission Trading Scheme'
Background Information and Related Legislation
Kyoto Protocol
Commission Decision 2005/166/EC of 10 February 2005 laying down rules implementing Decision No 280/2004/EC of the European Parliament and of the Council concerning a mechanism for monitoring Community greenhouse gas emissions and for implementing the Kyoto Protocol (notified under document number C(2005) 247)
Decision 280/2004/EC of the European Parliament and of the Council of 11 February 2004, concerning a mechanism for monitoring Community greenhouse gas emissions and for implementing the Kyoto Protocol
Council Decision 2002/358/EC of 25 April 2002 concerning the approval, on behalf of the European Community, of the Kyoto Protocol to the United Nations Framework Convention on Climate Change and the joint fulfillment of commitments there under
Kyoto Protocol to the United Nations Framework Convention on Climate Change - Declaration
For further information, please visit the European Commission, DG Environment, website on the EU Emissions Trading Scheme