Slovenia's climate policy efforts: CO2 tax and implementation of EU ETS |
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Authors: | TANJA MARKOVIČ-HRIBERNIK ALEKSANDRA MURKS |
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Affiliation: | Faculty of Economics and Business , University of Maribor , Razlagova 14, 2000, Maribor, Slovenia |
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Abstract: | Slovenia is required to reduce its greenhouse gas emissions to an average of 8% below the base year 1986 in the period 2008–2012, due to the ratification of the Kyoto Protocol in 2002. It was the first of the transition countries to implement a CO2 tax in 1997. At the beginning of 2005, Slovenia joined other EU Member States by implementing the Emissions Trading Scheme. In contrast with other new EU Member States, Slovenia will be a net buyer of allowances. Therefore future movements on the emissions market will play an important role in the compliance costs of achieving the Kyoto target. The main purpose of this article is to present the establishment and characteristics of the first national allocation plan (NAP1) and to describe the main elements of the second national allocation plan (NAP2) for Slovenia within the EU Emissions Trading Scheme, the expected movements on the emissions allowances market in Slovenia, the expected compliance cost of achieving the Kyoto target and to present the main characteristics and efficiency of the CO2 tax in Slovenia. |
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Keywords: | allowances CO2 tax emissions trading Kyoto Protocol national allocation plan |
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