Environmental Pollution And Tradable
Transportation Rights In Europe
Author(s)
E. Crals, M. Keppens & L. Vereeck
Abstract
Following the Kyoto Protocol, the European Union has accepted to reduce its
greenhouse gas emissions by 8% compared to 1990 by the years 2008-2012.
Recently, European parliament has decided to set up an emissions rights trading
system for energy intensive sectors within the European Union by 2005. This
program may later be extended to other areas such as transport, which is the
fastest growing producer of greenhouse gases. The Kyoto Protocol provides
different flexible implementation mechanisms. Out of four different schemes of
tradable emissions rights, the cap-and-trade system seems most suitable for the
transport sector because it provides better incentives for technological
innovation. This still leaves several threshold, design and implementation issues
to be settled. It is reasoned why a trada
Keywords
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