欧盟的视角来看碳排放交易体系外文翻译.docVIP

欧盟的视角来看碳排放交易体系外文翻译 外文翻译 原文 The European Union’s in perspective Carbon Emissions Trading System in perspective Material Source: ////.Author: A.Denny Ellerman Paul L.Joskow As the world’s first cap-and-trade program for carbon dioxide CO2 emissions.the European Union’s Emissions Trading System EU ETS has attracted a lot of attention.some of it To meet its obligations to reduce greenhouse gas GHG concentrations under the Kyoto Protocol. the European Union EU established the first cap-and-trade system for carbon dioxide emissions in the world tarting in 2005. Proposed in October 2001. the EU’s Emissions Trading System EU ETS was up and runnin just over three years later. The first three-year trading period 2005-2007TMa trial period before Kyoto’obligations beganTMis now complete and. not surprisingly. has been heavily scrutinized. This report examine the development. structure. and performance of the EU-ETS to date. and provides insightful analysis regarding the controversies and lessons emerging from the initial trial phase. As the worlds earliest cap-and-trade program for carbon dioxide CO2 emissions trading system. the eus row ETS has attracted a lot of attention avorable and some of it unfavorable.Based on what can be observed to date. this paper attempts to place the EU ETS in perspective for the observer who is interested in understanding the key features and performance of this important public policy experiment. In the following sections. we describe the principal design features of the EU ETS; we highlight two contextual features that are important in understanding the development of the EU ETS; we provide a brief evaluation of the performance of the EU ETS to date; and finally we discuss several of the controversies that have arisen during its first three years of operation. The EU ETS was inspired by the Kyoto Protocol but it is also independent of it. The EU ETS would not exist if it were not for the Kyoto Protocol and it