Emissionshandel in Deutschland
On 17 December 2003, the German Cabinet adopted the Emissions Trading Act and the Ordinance implementing Directive 2003/87/EC for Installations pursuant to Federal Emissions Protection, which represents a first comprehensive draft of the legal framework for an emissions trading system in Germany. They form the basis of the recent decision adopted by the Federal Bundestag on 12 March 2004 regarding the Emissions Trading Act. Contrary to the Cabinet decision, the Emissions Trading Act now provides for enforcement on the Federal level without involvement of the Federal States.
This publication explains the core provisions and development of the German Emissions Trading Act and the Ordinance implementing Directive 2003/87/EC for Installations pursuant to the Federal Emissions Protection Act. Furthermore, it discusses questions regarding the implementation of an emissions trading system in the EU and Germany and finally explores prospects for the future development of emissions trading in Germany.