European Union Emission Trading Scheme (EU ETS)

英文European Union Emission Trading Scheme (EU ETS)

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英文释义

The European Union Emission Trading Scheme (EU ETS) is the largest multinational, greenhouse gas emissions trading scheme in the world and was created in conjunction with the Kyoto Protocol. It commenced operation in January 2005 with all 25 (now 27) member states of the European Union participating in it. It contains the world’s only mandatory carbon trading program. The program caps the amount of carbon dioxide that can be emitted from large installations, such as power plants and carbon-intensive factories, and covers almost half of the EU’s carbon dioxide emissions

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