Special Report No 06/2015: The integrity and implementation of the EU ETS

Author (Corporate)
Series Title
Series Details No.06, 2015 (July 2015)
Publication Date June 2015
ISBN 978-92-872-2367-8
ISSN 1831-0834
EC QJ-AB-15-005-EN-N
Content Type ,

Summary:

A report published in July 2015 by the European Court of Auditors (ECA) found that the European Commission and Member
States did not adequately manage all aspects of the EU Emissions Trading System (EU ETS), which is a main element of the EU climate and energy package.

While the auditors noted continuous improvements introduced at the initiative of the Commission to protect the integrity of the EU ETS as a market-based mechanism, some issues still had to be addressed to further improve market integrity. The system also suffered from significant weaknesses in implementation in phase II (2008-2012).

The report recommends improvements to market regulation and oversight so as to increase investor confidence and leverage the EU ETS as a tool of environmental policy.

Source Link Link to Main Source http://dx.publications.europa.eu/10.2865/40845
Related Links
ECA: News, 02.07.15: EU Emissions Trading System – framework for protecting market integrity and implementation of ETS need further improvements https://www.eca.europa.eu/en/Pages/NewsItem.aspx?nid=5856
EurActiv, 03.07.15: Emissions trades still at risk of fraud, EU auditors warn http://www.euractiv.com/sections/energy/emissions-trades-still-risk-fraud-eu-auditors-warn-315964
ESO: Key source: Emissions Trading System (EU ETS) http://www.europeansources.info/record/emissions-trading-system-eu-ets/
ECA: Special Report No 06/2015: The integrity and implementation of the EU ETS [PDF] https://www.eca.europa.eu/Lists/ECADocuments/SR15_06/SR15_06_EN.pdf

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