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Gunter Grittmann
Head of Information and Communication
E-mail: grittmann@zew.de
Phone: +49 (0)621-1235-132
Fax: +49 (0)621-1235-255
Kathrin Böhmer
Public Relations Officer
E-mail: boehmer@zew.de
Phone: +49 (0)621-1235-103
Fax: +49 (0)621-1235-255
In the first phase of the Kyoto Protocol starting 2008, it is intriguing for Russia to sell its emission rights via the European Emissions trading system without the obligation to lower its own emissions. As Russia’s Kyoto emission rights will be significantly cheaper than the price level of 15 euros per ton of carbon dioxide, expected for 2008 in the EU emissions trading scheme, even European companies benefit from this. read more
In providing a framework for the exchange of emissions rights among firms, the EU emissions trading scheme introduced in 2005 carries great significance with respect to the climate protection goals of the Kyoto Protocol. As part of the 12th world climate conference to be held from 6.-17. November 2006 in Nairobi, Kenya negotiations are to take place concerning a follow-up agreement to the Kyoto Protocol as of 2012. read more
Not many enterprises will have to bear a great burden from the European emissions trading system. More than 80 percent of the participants of an expert survey conducted by the Centre for European Economic Research (ZEW) in Mannheim, Germany, see the price for carbon dioxide emission rights at the beginning of 2005, the onset of the European emissions trading system, below ten Euro per ton of carbon dioxide. About 31 percent estimate the price even below five Euro. read more