The project's objective is "To strengthen the capacity of New EU Member States to implement the Emission Trading Directive and its supporting legislation".
Specifically:
"To improve the capacity of relevant competent authorities to fulfil the requirements if the ET Directive and its supporting legislation"
"To improve the knowledge and awareness of the requirements of the ET Directive among operators of installations and other stakeholders"
The project time frame is from January 2005 to June 2006. By 2010, as part of its commitment to the Kyoto Protocol, the European Union has agreed to cut emissions of greenhouse gases (CO2, CH4, N2O, HFC's, PFC's and SF6) by 8% from 1990 levels. These targets are differentially cascaded to each Member States through the 'burden sharing agreement'. Plans to achieve these targets are focused by the European Climate Change Programme with further complementary Member State actions. The European Climate Change Programme fulfils the necessary role of harmonizing regulatory approaches for policies having internal market implications (eg: agreements to limit greenhouse emissions from passenger cars) and provides support to the EU ETS.
The scheme has started on 1 January 2005, and will run in two periods: from 2005 to 2007 and from 2008 to 2012. After the first period the scheme may be amended in terms of expanding the categories of activities subject to the Directive, particularly aluminum and transport and an expansion of other greenhouse gases potentially being added. In the first period, 45% of European emissions of CO2 will be included.
In each of the periods, key allocations in the following industrial sectors will be allocated individual targets to limit their emissions. Across the EU this covers:
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