EU ETS definition

EU ETS means the system for greenhouse gas emissions allowance trading within the Union in respect of activities listed in Annex I to Directive 2003/87/EC other than aviation activities;
EU ETS means both (a) Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a scheme for greenhouse gas emission allowance trading within the Community and amending Council Directive 96/61/EC and (b) Directive 2008/101/EC of the European Parliament and of the Council of 19 November 2008 amending Directive 2003/87/EC so as to include aviation activities in the scheme for greenhouse gas emission allowance trading within the Community, together with any related, connected or successive law, statute, decree, constitution, regulation, authorization, judgment, injunction or other directive of any Government Entity of the European Union.
EU ETS means the EU Emissions Trading Scheme established by the EU ETS Directive;

Examples of EU ETS in a sentence

  • In this sense, all member states of the European Union (plus Iceland, Liechtenstein, and Norway) are part of the EU Emissions Trading System (EU ETS), a market created to trade a capped number of greenhouse gas emission allowances (Alsen, 2019).


More Definitions of EU ETS

EU ETS means the EU Emissions Trading System (previously known as the EU Emissions Trading Scheme) as established pursuant to Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003, and any replacement or successor scheme or arrangement having similar effect.
EU ETS means the EU emissions trading system, established by the ETS Directive.
EU ETS means the system for greenhouse gas emissions allowance trading within the
EU ETS means the system for greenhouse gas emission allowance trading established by the Directive;
EU ETS. Lessee is in continuous compliance with with any and all obligations to the extent such are applicable to its operations in respect of both (i) EU Directive EC/2008/101 regarding the European Union Emissions Trading Scheme and its application to aviation and all amendments and related implementing legislation (EU-ETS Legislation); and (ii) ICAO Assembly Resolution A.39-3 introducing the Carbon Offsetting and Reduction Scheme for International Aviation, Annex 16Environmental Protection Volume IV, the Environmental Technical Manual - Volume IV, and all related implementation elements, amendments, and implementing measures (CORSIA Instruments). Lessee shall ensure that Lessee and any sublessee, as applicable (and not Lessor or Owner) is notified to the relevant authorities as being the operator of the Aircraft whenever applicable in connection with the EU-ETS Legislation and/or the CORSIA Instruments.
EU ETS means EU Emissions Trading Scheme. “FCPA” means the U.S. Foreign Corrupt Practices Act.