(EU ETS), i.e. in the world's first experience with allocating carbon allowances to sub-national entities. We discuss the … allocation process and on what are the global implications of the EU ETS. As has become obvious during the first allocation phase …

The European Union Emission Trading System (EU ETS) is a landmark environmental policy, representing the world's first … participation and flexible abatement strategies make the EU ETS a powerful instrument of cross sectoral integration of environmental … governance. The EU ETS shows characteristics of the decision making processes and institutions engaged, the tools and instruments …