Abstract
The integrity of the European Union Emission Trading Scheme (EU ETS) relies upon consistent and uniform implementation and enforcement across all 31 participating states. The compliance cycle of the ETS - consisting of compliance assistance, inspection and enforcement - is a continuous dynamic, complex process. Although harmonisation of monitoring, verification and reporting (MRV) has improved, the functioning of the ETS compliance practice in the different Member States varies greatly. This is due to differences in underlying principles of enforcement strategies, institutional settings and in funding. While compliance rates are currently high, efforts should be afforded to ensuring more harmonized practice with a view to likely future price increases of allowances.
| Original language | English |
|---|---|
| Place of Publication | Tilburg |
| Publisher | TSC |
| Commissioning body | European Commission |
| Number of pages | 90 |
| Publication status | Published - Sept 2014 |
Keywords
- Climate change
- emission allowances
- Compliance management