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1、外文翻譯原文TheEuropeanUnion’sinperspectiveCarbonEmissionsTradingSysteminperspectiveMaterialSource:http://www.pewclimate.org/eu-etsAuthor:A.DennyEllermanPaulL.JoskowAstheworld’sfirstcap-and-tradeprogramforcarbondioxide(CO2)emissions.theEuropeanUnion’sEmissionsTradingSystem(EUE
2、TS)hasattractedalotofattention.someofitTomeetitsobligationstoreducegreenhousegas(GHG)concentrationsundertheKyotoProtocol.theEuropeanUnion(EU)establishedthefirstcap-and-tradesystemforcarbondioxideemissionsintheworldtartingin2005.ProposedinOctober2001.theEU’sEmissionsTradi
3、ngSystem(EUETS)wasupandrunninjustoverthreeyearslater.Thefirstthree-yeartradingperiod(2005-2007)(TM)atrialperiodbeforeKyoto’obligationsbegan(TM)isnowcompleteand.notsurprisingly.hasbeenheavilyscrutinized.Thisreportexaminethedevelopment.structure.andperformanceoftheEU-ETSto
4、date.andprovidesinsightfulanalysisregardingthecontroversiesandlessonsemergingfromtheinitialtrialphase.Astheworld'searliestcap-and-tradeprogramforcarbondioxide(CO2)emissionstradingsystem.theeu'srow(ETS)hasattractedalotofattentionavorableandsomeofitunfavorable.Basedonwhatc
5、anbeobservedtodate.thispaperattemptstoplacetheEUETSinperspectivefortheobserverwhoisinterestedinunderstandingthekeyfeaturesandperformanceofthisimportantpublicpolicyexperiment.Inthefollowingsections.wedescribetheprincipaldesignfeaturesoftheEUETS;wehighlighttwocontextualfea
6、turesthatareimportantinunderstandingthedevelopmentoftheEUETS;weprovideabriefevaluationoftheperformanceoftheEUETStodate;andfinallywediscussseveralofthecontroversiesthathavearisenduringitsfirstthreeyearsofoperation.TheEUETSwasinspiredbytheKyotoProtocolbutitisalsoindependen
7、tofit.TheEUETSwouldnotexistifitwerenotfortheKyotoProtocolanditisthe±flagshipmeasure’±bywhichthememberstatesoftheEUwillmeettheirobligationsundertheKyoProtocolduringthefirstcommitmentperiodfrom2008through2012(Delbeke(ed.).2006).Yet.theEUETSexistsindependentlyoftheKyotoProt
8、ocol.ItwasenactedbeforetheKyotoProtocolbecamelegallybindingininternationalandEUlawanditwouldhavebecomeo
