| Author (Corporate) | European Union, Swiss Confederation |
|---|---|
| Series Title | Official Journal of the European Union |
| Series Details | L 322, Pages 3-26 |
| Publication Date | 07/12/2017 |
| Content Type | Legislation |
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Summary: Agreement between the European Union and Switzerland which links the EU Emissions Trading System (EU ETS) with the Swiss Emissions Trading System. Further information: Cap and trade systems are policy tools that cost-effectively reduce greenhouse gas emissions. At the time of this Agreement, the EU gathered over a decade's experience with the EU's Emissions Trading System (EU ETS), which had also become the world's largest cap and trade system. The Swiss Emissions Trading System (Swiss ETS) became mandatory in 2013 for large, energy intensive entities and puts an absolute cap on greenhouse gas emissions, meeting two of the basic conditions for linking with the EU ETS. In December 2010 the Council of the European Union adopted a Decision authorising the European Commission to open negotiations with Switzerland for a link between the EU and the Swiss greenhouse gas emissions trading systems. On 16 August 2017 the Commission presented proposals for Council Decisions on the signing and conclusion of the Agreement. The Council adopted the Decision on the signing of the Agreement on 10 November, and the signature took place on 23 November. The conclusion of the Agreement was approved by the Council on 23 January 2018. Following the formal exchange of the instruments of approval or ratification by both parties, the Agreement would enter into force on 1 January 2020. |
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| Source Link | http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2017.322.01.0003.01.ENG |
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| Subject Categories | Environment |
| Subject Tags | Atmospheric | Air Pollution, Bilateral Relations |
| Keywords | Emissions Trading System | EU ETS Scheme, Greenhouse Gas | GHG Emissions |
| Countries / Regions | Switzerland |
| International Organisations | European Union [EU] |
