Revision of the EU Emission Trading Scheme (ETS)
On 1st January 2005 the EU Emission Trading Scheme (ETS) became reality. The ETS was set up by Directive 2003/87/EC establishing a scheme for greenhouse gas emission allowance trading within the Community. The scheme is part of the EU strategy to fight climate change and aims at promoting reductions of greenhouse gas emissions in a cost-effective and economically efficient manner. In order to thoroughly discuss how to adapt the current ETS to the requirements of emission trading after 2012, a specific Working Group on the revision of the ETS was set up in the framework of the ECCP (European Climate Change Programme).
The Working Group started its activities in March 2007 and will present its results in June 2007 in order to enable the Commission to draw the right conclusions for the legislative work to be carried out in the second half of 2007.Considering the high amount of SMEs subject to the ETS, UEAPME and EUROCHAMBRES appointed Mrs. Else SCHWEINZER of their Austrian member WKÖ as their joint expert in this Working Group.