This presentation is part of: J10-2 (2093) Technology, Institutions, and Demographics

The Fiscal Implications of the Greenhouse Gas Emissions Trading Scheme

María Luisa Fernández de Soto Blass, Dr., /, Master, , School of Economics and Business Administration, University CEU San Pablo, c/ Robledo nº 1, 4º C, Madrid, 28036, Spain

This paper is intended to launch a discussion on greenhouse gas emissions trading within the European Union, and on the relationship between emissions trading and fiscal policies and measures to address climate change.
 

In terms of the Kyoto Protocol, adopted in 1997, the European Community undertook to cut its greenhouse gas emissions by 8% between 2008 and 2012, in relation to 1990 levels. The European Parliament and The Council has published  Directive 2003/87/EC of October 13, 2003, establishing a scheme for greenhouse gas emission allowance trading within the Community and amending Council Directive 96/61/EC.

This paper presents the concept, principles and phases of the European Emissions Trading Scheme. It  defines environmental tax and its elements. It shows the trends in environmental taxes in the European Union and the descomposition of European environmental tax revenues for 2002 in GDP

This paper is the result of four researches the author has undertaken at The Institute for Fiscal Studies, Ministry of Economy and Finance, Ministry of Education, Spain, the University CEU San Pablo, Madrid, Spain, from 2004 to 2008, and at the University of Leeds, United Kingdom,  from July 1 to 1st September 1 of 2004 and 2005.


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