Origins of Emissions Trading Schemes

Origins of Emissions Trading Schemes

Nicola Steen

30 years: Emissions Trading Schemes

Having studied the theory and rationale behind emissions trading schemes, in this video Nicola Steen takes us through the origins of the first pan economy emissions scheme, the UK ETS. She provides history and context around the discussions that took place before the genesis of the UK ETS and also how it eventually merged with the EU ETS before splitting again as UK ETS II post Brexit.

Having studied the theory and rationale behind emissions trading schemes, in this video Nicola Steen takes us through the origins of the first pan economy emissions scheme, the UK ETS. She provides history and context around the discussions that took place before the genesis of the UK ETS and also how it eventually merged with the EU ETS before splitting again as UK ETS II post Brexit.

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Origins of Emissions Trading Schemes

12 mins 46 secs

Overview

The biggest task with emission trading schemes is to ensure that the scheme actually does what it set out to do, reduce emissions! To achieve this, careful consideration is required around the mechanism, regulations and also on the participants of the scheme itself.

Key learning objectives:

  • Understand the usefulness of an emissions trading scheme

  • Learn the considerations and discussions leading up to the UK ETS

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Summary
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Expert
Nicola Steen

Nicola Steen

Nicola Steen has been working on using market mechanisms to reduce levels of greenhouse gas emissions since 1989. She helped instigate the pan-industry and government discussions that led to the UK Emissions Trading Group and the first pan-economy emissions trading scheme in the world. Most recently, she is working again on the voluntary carbon markets, seeing new capital and attention moving towards bolstering sustainable solutions.

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