European Union's Emissions Trading System (ETS)

The objective of this study is to research the European Union's Emissions Trading System (EU ETS) and to answer the questions of what is the stated purpose behind the EU ETS and why the concept of the EU ETS is agreed or disagreed with. The question of what the current and potential results of the EU ETS will be examined and other effects of the EU ETS. This work will examines whether the United States should participate in the EU ETS and what are two other options for achieving the stated purpose behind the EU ETS? The work of Egenhofer, Alessi, Georgiev, and Fujiwara (2011) reports that the objective of the EU ETS is to "promote greenhouse gas (GHG) reduction in a cost-effective and economically efficient manner." (p.1) This has both long and short-term perspectives and specifically "In a short-term perspective (i.e. until 2020),...
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