Ziesing, Hans-Joachim
September 2003
Economic Bulletin;Sep2003, Vol. 40 Issue 9, p303
Academic Journal
Under the Kyoto Protocol to the United Nations Framework Convention on Climate Change, the European Union (EU) has undertaken to reduce its emission of six greenhouse gases by 8% from the reference year 1990 between 2008 and 2012. The EU is keeping to that target regardless of the fact that although it is now nearly six years since the Kyoto Protocol was passed it has still not been ratified by the required number of signatory states. Without Germany and Great Britain, member states greenhouse gas emissions in the EU 15 rose by nearly 10% from 1990 to 2001. In nine of the EU countries the development has been literally the opposite of what they undertook under burden sharing. In order to meet the target in the most cost-efficient way possible, the European Commission agreed to a directive on inner-European trading in carbon dioxide emissions. Under the directive all member states must draw up a national allocation plan and present this to the commission by March 31, 2004. The national allocation plan due to be presented must include a binding statement on how this is to be done within and outside the sectors affected.


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