ABSTRACT
The EU Emission Allowance Trading Scheme provides the framework for the emissions trading scheme across the EU but leaves decisions on many important implementation details to individual Member States. 2 Part II of this book explains the nature of the EU ETS while this chapter focuses on implementation aspects. To implement the EU ETS, Member States have many components to decide on and activities to carry out, including:
prepare a National Allocation Plan;
identify, obtain data from and consult the installations that are covered by the scheme;
decide on banking, and new entry and closure rules;
prepare their permitting procedures;
provide guidance on monitoring and verification; and
prepare a national allowance registry.
