Climate Change Law: Emissions Trading in the EU and the UK

Front Cover
Cameron May, 2007 - 927 pages
This book is the first comprehensive analysis of the regulatory framework for carbon trading in Europe. It brings together in one volume the first full legal analysis of EU and UK law relating to the EU emissions trading scheme, and all the legislative materials necessary to understand this innovative and complex area of environmental law. It is an essential companion for any professional advising on carbon trading in the UK or EU and a user-friendly reference tool for lawyers, carbon traders, and those working in regulated industries and financial institutions with an interest in carbon finance. It also provides an invaluable set of materials and lessons learned for policy makers and industry in jurisdictions where carbon trading are under development and for those with an interest in the use of market-based mechanisms to address other environmental problems.

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Contents

Preface
21
III
28
IV
40
KEY ELEMENTS AND THE EVOLUTION
55
III
61
IV
67
Research and Development
78
Comitology Procedure
84
EVOLUTION OF THE UK REGULATIONS
217
Applications for a Greenhouse Gas Emissions Permit
223
Requests for Further Information
225
VARIATION AND TRANSFER OF
235
SURRENDER AND REVOCATION OF
243
Allocation to New Entrants
249
Allocation of Allowances to Late Installations
254
CHANGES AFFECTING THE ALLOCATION
263

PERMITS
91
II
96
D
102
Criteria Relating to the Distribution of Allowances
123
Expost adjustments and Future Commitments
133
The Consideration of NAPs by the Commission
141
Amendments After Commission Approval or
147
ALLOWANCES ALLOCATION AND ISSUE
153
Issue of Allowances
158
Pooling
166
THE USE OF KYOTO UNITS AND UNITS
173
Linking the EU ETS with Schemes in Other States
186
SURRENDER OF ALLOWANCES AND
197
ENFORCEMENT AND PENALTIES FOR
273
Application to the Crown
283
APPEALS
285
NEW
301
UK NAP FOR THE SECOND PHASE
307
THE UK GREENHOUSE GAS EMISSIONS
319
Direct Participant Agreements
326
F The Auction
334
Penalties for Noncompliance
344
Climate Change Agreement Participants
352
National Audit Office Report
358
Climate Change Agreements
364
Copyright

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