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The use of emissions trading in relation to other means of reducing emissions

A Nordic comparative study

image of The use of emissions trading in relation to other means of reducing emissions

For quite a long time the Nordic countries have had explicitly formulated climate change strategies and have used various measures intended to curb emissions. Since 1 January 2005 an emissions trading scheme is in operation within the European Union, after several years of preparation. When setting climate policies the Nordic countries must take this new instrument in to account, and try and find the right balance between emissions trading and other means of reducing emissions. This study analyzes how the Nordic countries have dealt with or plan to deal with the conditions of the EU emissions trading system and the relation to other measures to curb emissions.

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Concluding discussion

The overall question for the study that the Nordic Council of Ministers has commissioned ECON to carry out, in co-operation with Electrowatt- Ekono of Finland, is in what way the Nordic countries' climate strategies have been, or at least will be, affected by the introduction of emissions trading. In the study we have presented a comparative analysis of how the Nordic countries have dealt with or plan to deal with the conditions of the EU ETS and the relation to other measures to curb emissions. In order to sum up the discussion, this chapter highlights some main observations and the implications from them.

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