European Union - Thirty-Third Report
Here you can browse the report which was ordered by the House of Lords to be printed 25 November 2008.
CONTENTS
Terms of Reference
FOREWORD—What this report is about
Chapter 1: Introduction
How does emissions trading work?
The International Context
Box 1: The Kyoto Protocol
The Evolution of the European Union's Emissions
Trading System
Box 2: Main Features of the EU ETS 2005-12
Proposals for the Third Phase of the EU ETS
Box 3: Proposed Revisions to the EU ETS
Chapter 2: The overall target, the EU-wide
cap and the international context
Content of the Proposal
EU-wide Cap
Overall Target
International Negotiations
Conclusions and Recommendations
Chapter 3: Scope
Content of the Proposal
Box 4: Carbon Capture and Storage
Overall Scope
Exclusion of Agriculture and Forestry
Exclusion of Road Transport and Shipping
Carbon Capture and Storage
Exclusion of Small Emitters
Emissions Reduction Instruments outside the
ETS
Conclusions and Recommendations
Chapter 4: Allocation and Auctioning
Box 5: Case Study—Phase 1 and 2 allocation
of allowances in the UK
Content of the Proposal
Allocation
Levels of Auctioning
Allocation Methodology
Redistribution of Allowances
Use of Auction Revenue
New Entrant Reserve
Conclusions and Recommendations
Chapter 5: Carbon Leakage
Box 6: Carbon Leakage
Content of the Proposal
Sectors at Risk from Carbon Leakage
Criteria for assessing Carbon Leakage
Box 7: The Commission's carbon leakage assessment
criteria
Timing of the Decision
Measures to address Carbon Leakage
Conclusions and Recommendations
Chapter 6: Compliance and Enforcement
Box 8: Monitoring and verifying emissions
Content of the Proposal
Witnesses' Views
Box 9: Commission infringement procedures
against Member States
Conclusions and Recommendations
Chapter 7: External and Domestic Credits
Box 10: External credits
Content of the proposal
Box 11: Additionality
The case for and against external credits
External credits in the draft Directive
Monitoring, Reporting and Verification of
external credits
Domestic off-setting
Conclusions and Recommendations
Chapter 8: Linkages with other schemes
Content of the Proposal
Witnesses' Views
Conclusions and Recommendations
Chapter 9: Looking Ahead
Chapter 10: Summary of Conclusions and Recommendations
Chapter 2: The overall target, the EU-wide
cap and the international context
Chapter 3: Scope
Chapter 4: Allocation and Auctioning
Chapter 5: Carbon Leakage
Chapter 6: Compliance and Enforcement
Chapter 7: External and Domestic Credits
Chapter 8: Linkages with other Schemes
Appendix 1: Sub-Committee D (Environment
and Agriculture)
Appendix 2: List of Witnesses
Appendix 3: Call for Evidence
Appendix 4: Recent Reports
Oral and Written Evidence
Oral evidence, 25 June 2008
Oral evidence, 2 July 2008
Oral evidence, 9 July 2008
Oral evidence, 8 October 2008
Oral evidence, 9 October 2008
Oral evidence, 15 October 2008
Oral evidence, 22 October 2008
Written Evidence
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