U.S. Senate studies Emission Trading Scheme (ETS)
By Bruno De Wachter / Published on Mon, 2007-04-30 07:30Further reading
Roundtable discussion with experts
The European Union launched the Emission Trading Scheme (ETS) in January 2005 as a cornerstone to meet the Kyoto emission targets. The second phase of EU-ETS is currently under development and will be launched in January 2008.
The United States Senate Committee on Energy and Natural Resources is studying the EU-ETS model and recently organised a roundtable discussion on the subject. The aim was to focus on lessons learned that have a bearing on the design of a CO2 trading system for the United States.
Six experts were asked two simple questions:
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What was done right in the EU-ETS?
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What was done wrong in the EU-ETS?
Those six participants were Jos Delbeke (Director DG Environment of the European Commission), Per-Otto Wold (Founding partner and CEO of Point Carbon), Edward Garth (Trading Manager Environmental Products of Shell Oil), Jean-Yves Caneill (Project Manager Electricité de France), Bruno Vanderborght (Vice President Climate Protection of Holcim Cement), and A. Denny Ellerman (Senior Lecturer Massachusetts Institute of Technology).
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