Climate change and emissions trading in the European Union
DOI:
https://doi.org/10.5377/derecho.v0i17.1577Keywords:
Climate change, International Law, emission allowance trading, European UnionAbstract
This study approaches the problems of the environment from a complex perspective, focusing on the legal response provided by the European Union to climate change. For this purpose, it initially considers the greenhouse effect, and then analyzes the serious risks of climate change. It also inquires about international juridical instruments, in particular the Framework Convention on Climate Change and the Kyoto Protocol. Finally, it thoroughly examines the Scheme for greenhouse gas emission allowance trading, in force in the European Union after the Directive 2003/87, its amendments and complementary norms. In conclusion, the research aseverates that emission allowance trading is the main tool available for the integrated block in order to mitigate the adverse effects of climate change.
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