- Volume 3 (2009), Issue 3
- Vol. 3 (2009), No. 3
- >
- Page 17
- p. 17
(De)Centralized Law-making in the Revised EU ETS
cal agreement reached with the Council regarding the revision of the European Union’s Emissions Trading Scheme (EU ETS).1 The revision of the EU ETS forms part of a larger climate and renewable energy package, which is meant to translate the political commitment to reduce greenhouse gas emissions by 20% by 2020, into legislative action.2 The Council adopted the complete climate and energy package on 6 April 2009, including Directive 2009/29/EC, which amends Directive 2003/87/EC3 (Directive 2009/29/ EC). Directive 2009/29/EC will put in pla