Emissions Trading in Germany

Both legal instruments transpose Directive 2003/87/EC establishing a scheme for greenhouse gas emission allowance trading within the Community and amending Council Directive 96/61/EC in national law and thus set out the legal framework for an emissions trading system in Germany. In the following article, the core provisions of these legal instruments and its further development will be explained in its context taking into account, in particular, legal questions that arise when developing an emissions trading system in Germany.