01 Mar 2004

Completion of the EU Emissions Trading Scheme

in the Emerging Global Climate Regime

Noriko Fujiwara / Christian Egenhofer

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The result of a CEPS multi-stakeholder Task Force, this new report produces recommendations on the link between the EU emissions trading regime and CDM and JI, the so-called ‘Linking Directive’, which is expected to be agreed by the Council of Minister and the European Parliament in a single reading in April 2004. The principal conclusion is that the Linking Directive provides the EU with a flexible and workable platform to shape both EU and international climate change policy. The Task Force, composed of representatives from the EU Commission, industry, environmental NGOs and other stakeholders, was chaired by Charles Nicholson, Group Senior Advisor of BP.