Beschreibung
In climate change policy the European Commission attempts to implement a
new instrument intended to facilitate the accomplishment of the Kyoto
targets. The proposal for a directive from 23rd October 2001 puts this
concept in concrete terms: A legally binding emissions trading system
applied to selected installations is to be introduced at the start of
2005.
The analysis at hand shows: The EU proposal is conceptually weak, it is
uncoordinated with the instruments of the Kyoto protocol and has negative
economic as well as negative ecological effects.
