The Role of The Greenhouse Gas Emissions Trading System in the Carbon Regulation of the European Union

• Published in: Мир новой экономики
• Main Authors: M. V. Lysunets, R. A. Makarenko
• Format: Article
• Language: Russian
• Published: Government of the Russian Federation, Financial University 2024-12-01
• Subjects: carbon regulation; carbon pricing; european union; emission trading system; green economy; carbon charges; greenhouse gases; climate change; boundary carbon correction mechanism
• Online Access: https://wne.fa.ru/jour/article/view/466

The relevance of the study is due to the need to study the features of low-carbon development of the world economy, to understand the mechanisms and tools of decarbonization, including the formation of a comprehensive policy providing for a wide range of measures to transition to a green economy with minimizing negative consequences.   The subject of the study is the EU quota trading system as an economic instrument for regulating greenhouse gas emissions.   The purpose of the work is to analyze the stages of development of the European quota trading system, identify the existing advantages and disadvantages of this system.   As a result of the conducted research, the existing problems of the European quota trading system are identified; measures to improve the functioning of this system are described; the boundary carbon correction mechanism (as part of the development of the system) is investigated, including its impact on exporters to the EU.