Installations covered by the European Emission Trading Scheme (EU ETS) can use credits from the Clean Development Mechanism (CDM) to cover a share of their emissions. The CDM credits are generated by low-carbon projects in developing countries that require the CDM support to become financially viable. We review the objectives that are pursued by the EU and by CDM host countries with the CDM, and assess ...
The EU European Trading Scheme (EU ETS) started operating in 2005 and was established with the EU Climate Package of 2008 as a permanent mechanism for Europe. Now in its second phase, policymakers are evaluating its success to date and considering next steps for its evolution. With the ultimate goal of a low-carbon economy, key questions have been: does the ETS facilitate a shift from carbon-intensive ...
