The previous chapter presented the main outcomes of the EU Emissions Trading

Scheme in the phases of policy initiation, decision-making and implementation.

In this chapter we narrow in on the policy initiation phase, from the 1997 Kyoto

Protocol to the publication of, and responses to, the Green Paper in 2000. Our

main question here concerns how and why the idea of an EU ETS was initiated and

developed within the EU, given its initial scepticism to including emission trading in

the Kyoto Protocol. Why did the EU initiate internal emissions trading shortly after

it had opposed emissions trading internationally?