Gets 2 stands for Greenhouse & Energy Trading Simulation phase 2. More than 30 fictional companies from various industry sectors (utilities, petroleum, steel, cement, and glass are participating in a simulation of trades in CO2 emissions permits, electricity and natural gas over the Internet. The first round of Gets 2 just ended and, according to material on the website, 95 percent of participants reached their emission objectives.
The simulation is being conducted from February to June 2000 under the aegis of
ParisBourse and Eurelectric, the association of European electricity producers and distributors. PricewaterhouseCoopers acts as simulation organiser. The results will be presented at the sixth Conference of the Parties (COP-6) to the United Nations Framework Convention on Climate Change.
The European Commission has published its Green Paper on Greenhouse Gas Emissions Trading in the European Union. It commissioned a one-year study by the Foundation for
International Environmental Law and Development (FIELD) in London, in partnership with the Center for Clean Air Policy in Washington DC. The key policy decisions it analyzed are: which countries and companies will participate? How, and by whom, the allowance allocations be made? How can emissions trading build on existing policies such as technical regulation, environmental agreements and fiscal incentives, and how can it be ensured there is a level playing field between companies involved in emissions trading and those that are subject to other policies?
The paper is on the European Environmental Law website: [sorry this link is no longer available] and the results of the study
are on FIELD’s website: [sorry this link is no longer available]
[sorry this link is no longer available]
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