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Carmen Bunzl - Universidad Pontificia Comillas

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Chapter 2. Options for future climate change architectures 106<br />

3.2.4 Major public climate policies and implementation of commitments<br />

This section provides a brief overview of the climate policies implemented in<br />

the EU, US, Japan, Russia, China, India and Brazil. Basis of the evaluation is the<br />

historical data – including greenhouse gas emissions -, national<br />

communications to the UNFCCC and other reports on the discussion (Höhne et.<br />

al, 2007).<br />

First, a general overview of the status of climate policies in a given country is<br />

provided. Then some national policies are briefly introduced and assessed.<br />

3.2.4.1 European Union<br />

Emissions in the EU 15 decreased by 2% between 1990 and 2005, which is 6%<br />

from the Kyoto Target of –8% below 1990 emissions. Emissions in the EU 27<br />

have decreased by 11% while their accumulated target is –8% (European<br />

Environment Agency 2007).<br />

The European Union has been very proactive in promoting climate change<br />

mitigation, it is a front runner in climate negotiations. The EU has an ambitious<br />

target to reduce emissions by 20% by 2020 and is even willing to reduce them<br />

by 30% if other industrialized nations take on a comparable effort. It has also set<br />

targets for renewable energy ad energy efficiency for 2020.<br />

One of the most relevant EU policies on climate change is the Emission<br />

Trading Directive (Directive 2003/87/EC). The EU emission trading scheme<br />

(ETS) (see Section 1.3.2.1) is established where emission certificate can be traded<br />

among the participating installations – currently over 11,500 installations<br />

covering 45% of the overall CO2 emissions in Europe. The first phase, from 2005<br />

– 2007, was a learning one, followed by the second phase in 2008 – 2012. Some<br />

of the lessons learned and problems faced are reviewed in a Communication by<br />

the European Commission (COM(2006)676 final): overestimation of baseline<br />

emissions led to unsatisfying environmental outcome, in some sectors the value<br />

Escuela Técnica Superior de Ingeniería ICAI <strong>Carmen</strong> <strong>Bunzl</strong> Boulet Junio 2008

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