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The level of emissions covered by the initiative includes the carbon price rate in its entirety and therefore represents the opportunity cost of foregoing domestic production to a certain threshold. The GHG emissions coverage below the nominal carbon price reflects the difference between the opportunity cost and the carbon price rate. The results are a snapshot reflecting the situation on April 8, 2015. The results with annual coverage is based on the carbon price rate for 2015. GHG emissions by sector are on the basis of EDGAR version 5.0. Data for emissions from biofuels are not adjusted; the numbers refer to emissions in the reference year 2017 and are not adjusted to 2017.
The European Union's Emission Trading System (ETS) is the largest carbon market in the world. It is also the only market with legally-binding obligations for Union Member States. The EU's emissions target under the Kyoto Protocol, mainly embodied via the unilateral emissions targets of each Member State, is set to be 20% below 1990 levels by 2020.
The European Union began in 1992 with an emissions trading system for air pollutants that it shares among member states. There were some uncertainties surrounding implementation of this system because the rights were uncertain and the actual number of emission rights that would be traded would not be known until after the statute was passed.
The European Union's emission trading system for both industrial and trade-exposed greenhouse gases (GHGs) was implemented in 2005 with the goal of reducing the EU's greenhouse gas emissions by 5% below 1990 levels by 2012. The measure was mandated as part of the Kyoto Protocol.
On top of that, I wanted to know if this process scales in a way that makes sense, given that I have more data to work with than before. To explore the effect of the spread of data I took all my n = 3200 data and plotted it against n = 5200 data (which was entirely without image) to see if I could find a trend. d2c66b5586