European Union Greenhouse Gas Emission Trading Scheme (EU ETS) Show All

Name of Bill / Law EU ETS
Summary / Timing
  • 27 EU countries plus Norway, Iceland,Liechtenstein
  • ~40% of CO2 in EU
  • Phase 2 (Jan 2008 – Dec 2012)
  • Phase 3 starts Jan 2013
Gases Covered Only CO2, Except in Netherlands which also includes N2O
Sectors and Thresholds
  • Covers mainly industrial (iron, steel, cement, glass, ceramics, pulp and paper) and energy (electric-power generation, and refineries)
  • Aviation added in 2012
  • Thresholds at 25K MTCo2/yr for most sources
Est. # of Entities 10,000

Applies to the following locations

Worldwide