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The eu emissions trading system eu ets is a cornerstone of the eus policy to combat climate change and its key tool for reducing greenhouse gas emissions cost effectively it is the worlds first major carbon market and remains the biggest one. 2 the eu emissions trading scheme eu ets 21 the workings of the scheme the eu ets is one of the main instruments used by the eu to achieve the statutory targets of ghgs emissions reduction as a cap and trade scheme the eu ets involves trading of emission allowances these correspond to equivalents of carbon dioxide metric tonnes mtco . European parliament recently backed former mep ian duncans proposals to revise the eus emissions trading scheme ets to cut emissions across europe the new scheme will impose a cap on carbon emissions for 31 countries overall since its conception the eu ets has been characterized by relatively high levels of policy uncertainty. Emissions trading is a central element of the kyoto protocol in the form of the clean development mechanism cdm and is the cornerstone policy of the eu whose emissions trading system ets is. Epub download the eu emissions trading schemeclimate policy epub download the eu emissions trading schemeclimate policy agree to the habit of the inspirations to make for further inspirations pdf book the eu emissions trading schemeclimate policy in undergoing this life many people always try to do and get the best