In January 2005 the European Union Greenhouse Gas Emission Trading Scheme (EU
ETS) will commence operation as the largest multi-country, multi-sector
Greenhouse Gas emission trading scheme world-wide.
The scheme is based on
Directive 2003/87/EC, which entered into force on 25 October 2003.
This publication is the sole responsibility of the project concortium and the national climate change agency and can in no way be taken to reflect the views of the European Union.