Factsheet: Greenhouse gas emission trading system

Greenhouse gas emission trading system

Key Information

Country/Region:

Full name of Instrument & Measure (English): 
Decree-Law No. 233/2004 ruling on greenhouse gas trading license system.
Full name of Instrument & Measure (native language): 
Decreto-Lei n.o 233/2004
Description: 
This Decree-Law, composed of 38 Articles and five Chapters, introduces into the national legal system the European Parliament and Council Directive No. 2003/87/CE ruling on greenhouse gas trading licenses within the European Community. In particular, the Decree-Law rules on competent bodies, trading licenses systems, national licenses plan, monitoring and information communication, controlling procedures, and penalties.
Goal/Aim: 
- Limit emissions of greenhouse gases. - Regulate the trade with emission certificates in a common trade system.

Sector/Topic targeted:

Responsible Authority: 
Agência Portuguesa do Ambiente - Portuguese Environmental Agency

Status:

Year Instrument & Measure Started: 
2004
Year Last Instrument & Measure was last Amended: 
2010