{"id":362,"date":"2019-05-22T13:27:53","date_gmt":"2019-05-22T13:27:53","guid":{"rendered":"http:\/\/policymeasures.2cubedtest.com\/?post_type=measure&#038;p=362"},"modified":"2022-06-06T11:36:21","modified_gmt":"2022-06-06T11:36:21","slug":"european-union-emissions-trading-scheme-eu-ets","status":"publish","type":"measure","link":"https:\/\/policymeasures.com\/measure\/european-union-emissions-trading-scheme-eu-ets\/","title":{"rendered":"European Union Emissions Trading Scheme (EU ETS)"},"content":{"rendered":"<p>On the 1st of January 2005 the European Union Emissions Trading Scheme (EU ETS) came into operation. The EU ETS is a cap-and-trade scheme and is the World\u2019s first trans frontier emissions trading scheme applying to all Member States. The scheme will operate in a number of distinct phases with the first \u201cpilot phase\u201d having run for three years (2005-2007). The second phase of the scheme will run concurrently with the Kyoto Protocol\u2019s First Commitment Period (2008-12). The third phase of the scheme will be significantly longer than those to date running from 2013 \u2013 2020. A defining difference between the third phase and previous phases centers on the role given by the European Commission to allowance auctioning. The Commission estimate that approximately 50 per cent of allowances will be auctioned in 2013 and that this proportion will increase in later years. The EU ETS is the cornerstone of current EU climate policy with participating installations responsible for 40 per cent of the Community\u2019s greenhouse gas emissions. It is estimated that the sources to which the trading scheme applies will account for 45 per cent of carbon dioxide emissions in 2010, and 30 per cent of total greenhouse gas emissions in that year (European Commission, 2005).<\/p>\n","protected":false},"featured_media":243,"template":"","measure_type":[27,32,30],"measure_sector":[41],"sub_description":[47,52],"main_emission_target":[62],"policy_focus":[74],"climate_relevance":[85],"implementation_status":[99],"_links":{"self":[{"href":"https:\/\/policymeasures.com\/wp-json\/wp\/v2\/measure\/362"}],"collection":[{"href":"https:\/\/policymeasures.com\/wp-json\/wp\/v2\/measure"}],"about":[{"href":"https:\/\/policymeasures.com\/wp-json\/wp\/v2\/types\/measure"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/policymeasures.com\/wp-json\/wp\/v2\/media\/243"}],"wp:attachment":[{"href":"https:\/\/policymeasures.com\/wp-json\/wp\/v2\/media?parent=362"}],"wp:term":[{"taxonomy":"measure_type","embeddable":true,"href":"https:\/\/policymeasures.com\/wp-json\/wp\/v2\/measure_type?post=362"},{"taxonomy":"measure_sector","embeddable":true,"href":"https:\/\/policymeasures.com\/wp-json\/wp\/v2\/measure_sector?post=362"},{"taxonomy":"sub_description","embeddable":true,"href":"https:\/\/policymeasures.com\/wp-json\/wp\/v2\/sub_description?post=362"},{"taxonomy":"main_emission_target","embeddable":true,"href":"https:\/\/policymeasures.com\/wp-json\/wp\/v2\/main_emission_target?post=362"},{"taxonomy":"policy_focus","embeddable":true,"href":"https:\/\/policymeasures.com\/wp-json\/wp\/v2\/policy_focus?post=362"},{"taxonomy":"climate_relevance","embeddable":true,"href":"https:\/\/policymeasures.com\/wp-json\/wp\/v2\/climate_relevance?post=362"},{"taxonomy":"implementation_status","embeddable":true,"href":"https:\/\/policymeasures.com\/wp-json\/wp\/v2\/implementation_status?post=362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}