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Published

19th April 2004

Knowledge Type

Lessons learned report Case study

Organisation

, National Audit Office

Major Project

UK Emissions Trading Scheme

Of Interest To

Consultants Public sector clients Academia Contractors Investors Leadership teams Operators Private sector clients

UK Emissions Trading Scheme: NAO Summary Report

Summary

The UK is a signatory to the 1997 Kyoto Protocol, an international agreement to reduce emissions of greenhouse gases, which are believed to cause global warming. In addition, the UK Government aims to go beyond the reductions required under the Kyoto Protocol using a set of policy instruments, the UK Climate Change Programme (the Programme), to achieve this. The UK Emissions Trading Scheme (the Scheme) is part of the Programme. The Department for Environment, Food and Rural Affairs (the Department) manages the Programme and the Scheme.

This 2004 NAO summary report examines the Scheme’s origins (Part 1 of the report), its impact on emissions reductions (Part 2), and its wider benefits (Part 3).