EU Emissions Trading Directive 2003/87/EC, 2009/29/EC

Directive 2003/87/EC of the European Parliament and the Council of 13 October 2003, on a system for trading greenhouse gas emission certificates (allowances) within the European Community which changes the Council’s 96/61/EC Directive. This directive has been designed to create an EU-wide emissions trading system to achieve a cost-efficient reduction of greenhouse gas emissions. In 2009, the Emission Trading Directive was amended (2009/29/EC), which brought about an inclusion of further sectors under the scheme, namely Aviation. Furthermore, it generally allows for the eventual utilization of so-called domestic offset projects. The directive is linked with the project-related Kyoto mechanisms JI and CDM via the EU Linking Directive.

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