Emission Trading for Local Municipalities and Provinces in Italy – KYOTO CLUB
KYOTO CLUB aims at testing the EU ETS system, established by the Emissions Trading Directive 2003/87/EC, on a small range of Italian municipalities and provinces building a system for the reduction of emissions from the public building sector and the transport fleet.
The EU Emissions Trading Scheme (EU ETS), established by the Emissions Trading Directive 2003/87/EC, is one of the principal policies being introduced across Europe to reduce emissions of carbon dioxide. The system, which focuses on specific energy intensive industrial sectors, envisages that from 2008 Member States may apply emission allowance trading to activities, installations and greenhouse gases which are not yet listed in Annex I.
Within this framework, the Kyoto Club project is aimed at testing the EU ETS system on a small range of Italian municipalities and provinces building a system for the reduction of emissions from the public building sector and the transport fleet. The emission trading system will be consistent with the EU ETS system, as a pilot experiment which can be integrated in the existing framework starting with the second phase of the European Scheme.
The aim is that of building a viable system through the establishment of an emission reductions target, a methodology for emission allowances allocation, a study on the type and fungibility of the credits generated and the set up of a monitoring and validation system.
The project assesses the specific structural conditions of the public building and transports sector and highlights its characteristics and obstacles especially in the field of data collection and administrative reform.
Ultimately, the project is aimed at training the public administration personnel through its participation in energy auditing activities and the monitoring and verification of emissions saving measures occurred.