Environmental Engineering Reference
In-Depth Information
poor demand where the structural need of reducing emissions is low even with a
reducing cap.
So it can be concluded that the EU ETS has not delivered exactly the results
intended when it was implemented. It has produced emissions reduction but is not
clear if these reductions have been achieved at the least cost, and for sure it has not
promoted low cost technologies to assure Climate goals in the long term. That does
not mean that the work done is not valuable. The experience and knowledge build
during these years will be a key for reforming the system which is valid technically
and with de convenient reform, specially linking the level of ambition with the
demand situation, will deliver the European Union climate goals to 2030 and
eventually to 2050.
References
1. Straw W, Platt R, Aldridge J, Cowdery E (2013) Up in smoke how the EU ' s faltering climate
policy is undermining the city of London. IPPR, London
2. Flynn V (2013) Carbon markets make little headway in Warsaw, Low carbon facts, ENDS
Europe
3. OECD (2013) Effective
carbon prices. OECD Publishing. http://dx.doi.org/10.1787/
9789264196964-en
4. C2ES (2013) Centre for climate and energy solutions, options and considerations for a federal
carbon tax
5. Ellerman AD, Convery F, de Perthuis C (2010) Pricing carbon: The European union emissions
trading scheme. Cambridge University Press, Cambridge
6. Egenhofer C, Alessi M (2013) EU policy on climate change mitigation since copenhagen and
the economic crisis, CEPS working document n 380. CEPS, Brussels
7. Mckinsey and Company (2013) Impact of the nancial crisis on carbon economics. Version
2.1, 2009
8. Egenhofer C, Marcu A, Georgiev A (2012) Reviewing the EU ETS review? CEPS task force
report. CEPS, Brussels
9. CDP (2012) Accelerating progress toward a lower carbon future
10. C2E (2012) Center for Climate and Energy Solutions Market mechanisms: understanding the
options
11. COM 30 (2008) Final 20 20 by 2020 Brussels, Europe
'
s climate change opportunity
12. CPI (2011) Carbon Pricing for low carbon investment
13. ECOFYS (2013) The next step in Europe
s climate action: setting targets for 2030
14. IEA (2011) Energy efciency policy and carbon pricing. OECD/IEA, Paris
15. Linking Directive 2004/101/EC of the European parliament and of the council of 27 October
2004 amending Directive 2003/87/EC establishing a scheme for greenhouse gas emission
allowance trading within the community, in respect of the Kyoto protocol
'
'
s project mechanisms
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