European Union Emissions Trading System

GPTKB entity

Predicate	Object
gptkbp:instanceOf	gptkb:cap_and_trade_system gptkb:carbon_market gptkb:European_Union_law
gptkbp:abbreviation	gptkb:EU_ETS
gptkbp:administeredBy	gptkb:European_Parliament
gptkbp:allocates	auctioning free allocation
gptkbp:appliesTo	gptkb:energy gptkb:textile_industry power plants steel works industrial plants airlines chemical plants pulp and paper industry oil refineries cement factories aluminum industry aviation sector
gptkbp:compliancePeriod	gptkb:annual
gptkbp:covers	gptkb:Iceland gptkb:Liechtenstein gptkb:Norway European Union member states
gptkbp:currency	gptkb:EU_Allowance_(EUA)
gptkbp:goal	reduce greenhouse gas emissions combat climate change meet Kyoto Protocol commitments meet Paris Agreement targets
gptkbp:hasTradingPairs	gptkb:European_Energy_Exchange gptkb:ICE_Futures_Europe
gptkbp:introducedIn	2005
gptkbp:market	cap and trade
gptkbp:penalty	€100 per excess tonne
gptkbp:period	Phase I (2005–2007) Phase II (2008–2012) Phase III (2013–2020) Phase IV (2021–2030)
gptkbp:regulates	greenhouse gas emissions carbon dioxide emissions nitrous oxide emissions perfluorocarbons emissions
gptkbp:relatedTo	gptkb:Fit_for_55_package gptkb:Carbon_Border_Adjustment_Mechanism gptkb:EU_Green_Deal carbon pricing
gptkbp:website	https://ec.europa.eu/clima/policies/ets_en
gptkbp:bfsParent	gptkb:EU_Allowance_(EUA)_futures gptkb:UK-EU_relations gptkb:Emissions_Trading
gptkbp:bfsLayer	8
https://www.w3.org/2000/01/rdf-schema#label	European Union Emissions Trading System