Defra/Dti workstreams on EU ETS Review

Strategic Options

What are the best (and most viable)

options for the EU scheme?

What are the costs and benefits

of these options?

EU Scope

Cap

Linking

What criteria for expansion/contraction?

Full harmonisation or flexibility?

De minimus level

EU vs national cap

Length of trading periods

Relationship to UK/international targets

Key criteria

Transition mechanisms?

Changes required to Directive?

Allocation

Harmonisation vs national

Auctioning extent

Benchmarking impact

UK scope

Heat

Expansion (transport, other GHGs)

Compliance andenforcement

Harmonisation or national

Streamlining procedures