| European developed countries. |
Developing countries. |
| Shared by sectors: Cement and lime, paper, iron, ceramics, chemicals, hospitals, universities, aviation. |
Shared by sectors: Energy, transport, fugitive emissions from fuels, solid fuels, oil and gas, industrial processes, mineral products, chemical industry, production of halocarbons and sulfur hexafluoride, consumer halocarbons and sulfur hexafluoride, agriculture, land use, land use change and forestry, and sewage treatment. |
| Emission limits passed on to governments; designs change according to countries’ policies. |
Emission reduction targets are passed on to governments and project implementation is in accordance with countries’ policies. |
| Target until 2020. |
Target until 2020. |
| Annual limits. |
Goals in the period and passed on to governments. |
| Three phases (2005 to 2007; 2008 to 2012; 2013 to 2020). |
Two phases (2008 to 2012; 2013 to 2020). |
| Participation in the EU ETS is currently mandatory for certain sectors. |
Still voluntary. |
| Emission limits (permission to emit, emission licenses, allowances). |
Emission reduction targets (reduced emission reduction). |
| GHG converted to CO2e |
GHG converted to CO2e |
| Annual monitoring |
Annual monitoring |
| Based on “learning by doing” principle with updates and modifications needed over time. |
Based on “learning by doing” principle with updates and modifications needed over time. |
| European countries participate in the program. |
Interested developing countries can participate. |
| Stages in the EU ETS process: preparation, approval, emission permit transfer, monitoring, crediting, verifying. |
Stages in the CDM: preparation, approval, validation, register, monitoring, certifying, carbon credit issuance. |
| Taxation: national policy. |
Taxation: national policy. |
| Regulatory committee: Commission of EU ETS. |
Regulatory committee: CDM Executive Commission. |
| Methodologies of calculations of emission reductions are more generalized. |
Methodologies of calculations of emission reductions are more detailed. |
| Legal nature of documents, arising from the DIRECTIVE 2003/87/CE and other amendments, are based on this initial document. |
Legal nature of documents, arising from the Kyoto Protocol of 1998 and other amendments, are based on this initial document. |
