The integrity and implementation of the EU ETS
Special report No 06, 2015
The EU ETS is the cornerstone of the EU’s climate policy and is often quoted as a model for emerging climate change policy in the world. The Court found significant weaknesses in implementation during phase II (2008–12) and problems with the robustness of the framework for protecting market integrity. Market regulation and oversight, the legal status of allowances, and systems for processing fundamental EU ETS information needed improvement. Member States should enhance their implementation of the control framework and sanctions. The Court makes a number of recommendations aimed at improving... the integrity and implementation of the scheme.
- Corporate author(s): European Court of Auditors Themes: Environment policy and protection of the environment, Community finance
- Subject: audit, climate change policy, directive (EU), emission allowance, emission trading, report
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