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EU ETS: Linking

EU ETS: Linking. Presentation to ETG WG8 14 May 2007. Why aim towards linking?. Schemes already developing Aim: one global price of carbon Deeper & more liquid emissions market Reduced cost of abatement Politics: coordinated international response. Areas of work:.

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EU ETS: Linking

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  1. EU ETS: Linking Presentation to ETG WG8 14 May 2007

  2. Why aim towards linking? • Schemes already developing • Aim: one global price of carbon • Deeper & more liquid emissions market • Reduced cost of abatement • Politics: coordinated international response

  3. Areas of work: • Background analysis leading to: • Revision of the Directive • Criteria for linking

  4. Background analysis (and criteria) • Economic efficiency • Environmental Effectiveness • Legal issues • Political considerations

  5. Review of the Directive • Developing Government position: • What needs to change in the current Directive? • What message do we want to send?

  6. Criteria for linking • Coming out of analysis • Likely to take into account: • MRV • Stringency • Different designs and possible fixes • Certainty

  7. Other linking work: • Engagement with other countries, e.g. USA (federal and state level), Japan, Australia etc • Sharing experience and providing advice • Encouraging others to take on board schemes capable of linking

  8. Contacts Helen Stokes: helen.stokes@defra.gsi.gov.uk Jill Duggan: jill.duggan@defra.gsi.gov.uk

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