This <italic>Policy Brief</italic> is intended to assist readers unfamiliar with the design and development of the EU Emissions Trading System. Readers familiar with the ETS may choose to move directly to the Commentary and Research sections of this Special Issue.

The Dayton Accords, concluded in November 1995 following the recent bloody conflict in the former Yugoslavia, established Bosnia-Hercegovina as a country of two entities: a Croat-Muslim federation and Republika Srpska, dominated by Bosnian Serbs. The conflict created a substantial refugee...