Analysis of EU ETS and CDM

Yuting Zheng

《Frontiers in Economics and Management》 3卷3期 (2022/03) Pp. 452-457

https://doi.org/10.6981/FEM.202203_3(3).0052

摘要

With the deepening understanding of the relationship between greenhouse gases such as carbon dioxide and global climate change, calls for the international community to take measures to limit or reduce the emissions of greenhouse gases such as carbon dioxide are also increasing. Climate change and global environmental issues have become the focus of the world. The development of low-carbon economy has become a major trend. All countries have pressure on carbon emissions. In this case, Kyoto Protocol to put forward three systems to help each country reduce its greenhouse gas emissions. Among them, the European Union Emissions Trading Scheme (EU ETS) and the Clean Development Mechanism (CDM) are two mechanisms with high recognition (Meng et al., 2008). Next, this article will briefly introduce the advantages and disadvantages of EU ETS and CDM, and analyze which of EU ETS and CDM is the most effective control mechanism under the condition of constant cost.

關鍵字

Greenhouse Gases ； Carbon Emissions ； Emissions Trading

參考文獻

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European Commission. (n.d.). Development of EU ETS (2005-2020). https://ec.europa.eu/clima/ policies/ets/pre2013_en.

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