Legal Alert - Proposed Changes to EU Emissions Trading Scheme 

On 23 January 2008, the European Commission presented the European Union Climate Action package, which includes a proposal to amend the EU Directive on the European Emissions Trading Scheme (2003/87/EC).

The proposal contains two scenarios. The first scenario reflects the EU’s independent commitment to reduce its emissions (to at least 20% below 1990 levels by 2020); the second scenario increases this reduction to 30% in the context of an anticipated international post-Kyoto agreement to combat climate change.

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