Emission Trading
Emission trading is one of the tools to help improve the state of the environment at the least possible cost. The system works on the principle of reducing corporate costs of preventing environmental pollution, thus reducing the total social costs. Each company that decides to reduce its emissions (be it under pressure by an authority, such as the State, or voluntarily) incurs different costs related to the pollution reduction. Unlike emission limits etc., the trading system allows companies with marginal costs of pollution prevention above the market permit price to buy the permits from companies with lower pollution prevention costs, thus reducing their own pollution reduction costs.
Greenhouse gas emission trading is in operation in numerous countries (USA, New Zealand, Australia) two interconnected systems are currently operated in the Czech Republic: the EU Emission Trading Scheme and the Kyoto Protocol mechanisms (Clean Development Mechanism, Joint Implementation Projects, and International Emission Trading).
Documents
- Emission Trading - Aviation
On 13th January 2009 Directive 2008/101/EC amending Directive 2003/87/EC was published to include the aviation sector into the European Greenhouse Gas Emission Allowance Trading Scheme (EU ETS). The Act No. 164/2010 Coll. amending the Act No. 695/2004 Coll., on the Conditions of Greenhouse Gas Emissions Allowance Trading, transposed this directive into the Czech legislation.
- Organizational Scheme of the EU ETS
Organizational scheme of emission trading under the EU ETS in the Czech Republic.
- National Allocation Plan of the Czech Republic 2008 - 2012
This version of NAP II has been prepared in accordance with the rules in Annex 3 to the Act and adjusted on the basis of the European Commission's decision of 26 March 2007 concerning the national allocation plan for the allocation of greenhouse gas emission allowances notified by the Czech Republic to provide the allocation of 86 835 264 allowances for the emission of carbon dioxide a year.
