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Emissions trading is widely seen as an effective tool for reducing greenhouse gases (GHGs), as well as other cross-boundary pollutants, combining an assured environmental outcome with the flexibility of trading, so that targets can be met at lowest cost.
The EU Emissions Trading Scheme (EU ETS) – the cornerstone of European climate change policy – covers 27 countries, over 12,000 installations and about half of Europe’s GHG emissions. In other part of the world, too, systems are being developed and implemented, including in the US, Australia and New Zealand. Opportunities for expanding the system to a large group of countries – for example, through sectoral approaches – are also being explored.
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| The EU ETS has been in operation since 2005, but the recently revised ETS Directive on the situation after 2012 will bring significant changes. These developments, as well as potential links to and impacts from other markets, will determine both the environmental outcome and the impact on participants and other stakeholders. It is therefore important for everyone involved to prepare for the upcoming changes. |
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Our expertise
We are among the leading experts in this area. Our customers include the European Commission, governments, ETS participants, market intermediaries and NGOs. This allows us to combine insights from policy making, industry and the energy sector, and the market, putting us in a good position to identify both market opportunities and threats. We can also contribute to developing smart policies that make use of market forces and minimize costs and other impacts on participants as well as administrators.
Our services
- Designing, implementing and evaluating ETS systems (including expanding their scope, harmonization and linkage) in line with national plans and developments as well as broader policy contexts;
- Carrying out market analyses and impact assessments to determine the impacts of the scheme and design choices at the system level as well as for individual participants;
- Designing and implementing response strategies (see Carbon management and compliance);
- Verifying annual emission reports;
- Designing and implementing decision support systems and monitoring tools;
- Capacity building and training, including setting up institutions, training staff and developing procedures, tools and information;
- Information services, including publishing market bulletins, creating web sites and identifying prospects.
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