Factsheet: EU Emissions Trading System (ETS)

EU Emissions Trading System (ETS)

Key Information

Country/Region:

Full name of Instrument & Measure (English): 
Emissions Trading System Directive 2009/29/EC of 23  April 2009 amending Directive 2003/87/EC so as to improve and extend the greenhouse gas emission allowance trading scheme of the Community
Description: 
The EU emissions trading system (EU ETS) is a cornerstone of the European Union's policy to combat climate change and its key tool for reducing industrial greenhouse gas emissions cost-effectively. The first - and still by far the biggest - international system for trading greenhouse gas emission allowances, the EU ETS covers more than 11,000 power stations and industrial plants in 31 countries, as well as airlines. Currently being reviewed to address the surplus of emission allowances.
Goal/Aim: 
Reduce industrial greenhouse gas emissions.
Responsible Authority: 
DG Climate Action

Status:

Year Instrument & Measure Started: 
2005
Year Last Instrument & Measure was last Amended: 
2009