UQx Carbon101x 2.3.1.1a The European Union ETS

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This video features in the free online course "Carbon101x". Enrol now at https://www.edx.org/course/essential-tools-low-carbon-economy-uqx-carbon101x.

In this case study, we look at the European Union Emissions Trading Scheme, or the EU ETS, is the oldest greenhouse gas emissions trading scheme in the world. It was implemented in 2005, and includes 28 European Union nations plus Iceland, Liechtenstein, and Norway.

“Carbon101x: Essential tools for the low carbon economy” is a free, public online course by the University of Queensland on edx.org. It will equip you with skills to manage the risks and opportunities of a global economy that is transitioning away from fossil fuels and other carbon-intensive practices. Adopting the role of a key employee in a fictitious company, you will learn about different policy responses to climate change, how to measure your organisation’s carbon footprint, how to compare projects based on emissions reduction and cost, and how to participate in an emissions trading scheme. Carbon101x is ideally suited to business managers, financial managers, business-intelligent analysts and data scientists.

References:
European Commission (2013) “The EU Emissions Trading System (EU ETS)” European Union Publications Office http://ec.europa.eu/clima/policies/ets_en

World Bank and Ecofys (2016) “Carbon Pricing Watch 2016” (May), Washington, DC. Doi: 978-1-4648-0930-9-1License: Creative Commons Attribution CC BY 3.0 IGO: https://openknowledge.worldbank.org/bitstream/handle/10986/24288/CarbonPricingWatch2016.pdf

Bel, G, Joseph, S (2015) “Emission abatement: Untangling the impacts of the EU ETS and the economic crisis”. Energy Economics, vol. 49, pp. 531-9  http://www.sciencedirect.com/science/article/pii/S0140988315001061
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