Climate Change Law: Emissions Trading in the EU and the UK

Front Cover
This book is the first comprehensive analysis of the regulatory framework for carbon trading in Europe. It brings together in one volume the first full legal analysis of EU and UK law relating to the EU emissions trading scheme, and all the legislative materials necessary to understand this innovative and complex area of environmental law. It is an essential companion for any professional advising on carbon trading in the UK or EU and a user-friendly reference tool for lawyers, carbon traders, and those working in regulated industries and financial institutions with an interest in carbon finance. It also provides an invaluable set of materials and lessons learned for policy makers and industry in jurisdictions where carbon trading are under development and for those with an interest in the use of market-based mechanisms to address other environmental problems.
 

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Contents

List of Contributors
20
The Response to the Challenge of Global Climate Change
28
Requests for Further Information 225
31
KEY ELEMENTS AND THEEVOLUTION
55
Sectors and Gases
58
Compliance and Enforcement
66
Meaning of Combustion Installations
74
Unilateral Inclusion of Activities Installations and Other Greenhouse Gases by Member States
81
Determination of Applications
226
H Subsistence Charges
232
SURRENDER AND REVOCATION OF PERMITS
243
Allocation of Allowances to Late Installations
254
Installations in a Pool
268
Application to the Crown
283
APPEALS
285
DEVELOPMENT AND ALLOCATIONS TO EXISTING
293

PERMITS
91
Monitoring and Reporting
97
Verfication
103
ALLOWANCES SUBSTANTIVE
111
Criteria Relating to the Distribution of Allowances Among Installations
123
Member State Discretion
129
ALLOWANCES PROCEDURE FOR NATIONAL ALLOCATION PLANS
137
Public Consultation After Notification of a NAP
146
ALLOWANCES ALLOCATION AND ISSUE
153
Issue of Allowances
158
Pooling
166
THE USE OF KYOTO UNITS AND UNITS FROM SCHEMES IN OTHER STATES
173
Linking the EU ETS with Schemes in Other States
186
SURRENDER OF ALLOWANCES AND
197
EVOLUTION OF THE UK REGULATIONS
217
Applications for a Greenhouse Gas Emissions Permit
223
NEW ENTRANTS CLOSURE AND AUCTIONING
301
UK NAP FOR THE SECOND PHASE DEVELOPMENT AND SUBSTANTIVE PROVISIONS
307
THE UK GREENHOUSE GAS EMISSIONS TRADING SCHEME
319
Direct Participant Agreements
326
F The Auction
334
Effect of Changes in Operation I Penalties for Noncompliance 343
343
Climate Change Agreement Participants
352
National Audit Office Report
358
Climate Change Agreements
364
E Application Process to Determine Eligibility for a Climate Change Agreement
373
Target Reviews
380
B Emissions Trading Arrangements
387
Variation of Targets
396
Audits
403
Copyright

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About the author (2007)

J. Robinson was master of the free school in the village of Bunny, England.

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