About the ETS
The EU Emission Trading System (ETS) is the cornerstone of the EU's effort to combat climate change. The Scheme has been operational since January 2005. The EU ETS is the largest and the first multi-national cap and trade program that limits greenhouse gases emissions. It covers almost 12,000 installations in the power generation and manufacturing sectors, including oil refineries and steel, aluminium, other metals and cement plants. The system operates in 28 EU Member States as well as Iceland, Norway and Switzerland. In total, the EU ETS covers around 45% of the EU's greenhouse gas emissions.
Read more: EU ETS Introduction