Personal tools

next
previous
items

Skip to content. | Skip to navigation

Sound and independent information
on the environment

You are here: Home / Environmental topics / Climate change / Multimedia / Emissions trading - putting a price on carbon

Emissions trading - putting a price on carbon

Topics: ,
The EU Emissions Trading Scheme (ETS) is a world first and a major weapon in Europe's fight against climate change. The innovative system has turned carbon dioxide emissions into a tradeable commodity. They can now be bought and sold like any other of the thousands of products traded on world markets today. The scheme works by placing a limit or a 'cap' on the amount of carbon dioxide participating installations - currently around 10,500 across the European Union - can emit every year. If an installation emits more than its allowance, it must either pay a very hefty fine or buy surplus allowances from companies that have managed to stay below their limit. The system ensures that overall CO2 emissions from the plants covered are cut in the most cost effective way.
Please enable javascript or upgrade to Flash Player 11 to watch the video.
Time:
10:22
Author:
DG Environment
Published:
2008-04-22
 
 

Geographic coverage

Document Actions
European Environment Agency (EEA)
Kongens Nytorv 6
1050 Copenhagen K
Denmark
Phone: +45 3336 7100