The final elements of a compromise on the EU’s major climate and energy legislative package were agreed by the European Council on 11 and 12 December 2008. The agreement at the Council has been hailed as an 'historic' marker of European leadership on climate protection and reducing carbon dioxide (CO2) emissions.
Our analysis of the package, in particular the cornerstone policy of the EU Emissions Trading Scheme (EU ETS), indicates very significant weakening in key areas which may impact on the environmental effectiveness of the ETS. This legal briefing analyses the main conclusions of the Council, with a particular focus on key departures from the proposals on the EU ETS (2008/0013(COD).
|Published||December 15, 2008|