The European Parliament and Council adopt a Directive establishing a scheme for greenhouse gas emission allowance trading addressing State aid aspects

"State aid aspects in the implementation of the Emission Trading Scheme"*1. The Emission Trading Scheme The Emission Trading Scheme (ETS) [1] plays a major role in the Commission’s Climate Change Policy. It aims at helping EU Member States to achieve compliance with their commitments under the Kyoto Protocol by using a market based instrument which allows achieving emission reductions at least cost. The ETS is the first international trading system for CO2 emissions in the world. It started on 1 January 2005 and, once all National Allocation Plans are implemented, will cover a total of more than 12000 installations in the EU-25 (combustion plants, oil refineries, coke ovens, iron and steel plants, and factories making cement, glass, lime, brick, ceramics, pulp and paper) representing

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Brigitta Renner-Loquenz, The European Parliament and Council adopt a Directive establishing a scheme for greenhouse gas emission allowance trading addressing State aid aspects, 13 October 2003, e-Competitions Bulletin Environment and competition policy, Art. N° 36870

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