Report on the legal implementation of the EU ETS at Member State level: Deliverable D2.4 ENTRACTE – Economic iNsTRuments to Achieve Climate Targets in Europe (EU/FP7)

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    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 languageEnglish
    Place of PublicationTilburg
    PublisherTSC
    Commissioning bodyEuropean Commission
    Number of pages90
    Publication statusPublished - Sep 2014

    Fingerprint

    emissions trading
    EU
    climate
    harmonization
    integrity
    economics
    assistance
    funding
    monitoring

    Keywords

    • Climate change
    • emission allowances
    • Compliance management

    Cite this

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    title = "Report on the legal implementation of the EU ETS at Member State level: Deliverable D2.4 ENTRACTE – Economic iNsTRuments to Achieve Climate Targets in Europe (EU/FP7)",
    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.",
    keywords = "Climate change, emission allowances, Compliance management",
    author = "Jonathan Verschuuren and F.M. Fleurke",
    year = "2014",
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    AB - 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.

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