EU Emissions Trading Scheme: further approaches to benchmarking in steel and cement sectors
This project informs the UK Government and the Environment Agency positions on benchmark-based emissions allocations for Phase III of the EU Emissions Trading Scheme (EU ETS).
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The aim of the project is to investigate to what extent the benchmarks already developed in the UK for the EU ETS (Phase II benchmarks for new entrants, termed ‘NE Ph II BMs’) are suitable for incumbents in Phase III. The report also looks at potential alternatives to the NE Ph II BMs and considers the key issues that could arise from applying a UK-centred benchmark at the EU level. It is not within the scope of this study, however, to recommend any particular benchmark method(s) for Phase III incumbents. The main research and analysis was undertaken in autumn/winter 2007.