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Kyoto

Climate Change and the EU Emissions Trading Scheme (ETS): Looking to 2020

Posted Tue, 01/26/2010 - 00:00

The European Union's (EU) Emissions Trading Scheme (ETS) is a cornerstone of the EU's efforts to meet its obligation under the Kyoto Protocol. It covers more than 10,000 energy intensive facilities across the 27 EU Member countries; covered entities emit about 45% of the EU's carbon dioxide emissions. A "Phase 1" trading period began January 1, 2005. A second, Phase 2, trading period began in 2008, covering the period of the Kyoto Protocol. A Phase 3 will begin in 2013 designed to reduce emissions by 21% from 2005 levels.

A U.S.-Centric Chronology of the International Climate Change Negotiations

Posted Thu, 01/07/2010 - 00:00

The United States is a Party to the United Nations Framework Convention on Climate Change (UNFCCC), but not to its subsidiary Kyoto Protocol (discussed below). The UNFCCC treaty was intended to address growing global concern about the possibility of human-induced global warming. As a Party, the United States has certain obligations under the treaty, and our behaviors in that context are likely to continue to draw attention on the world stage.