This first monograph of the Ifri program on European Governance and Geopolitics of Energy is devoted to the control of carbon dioxide emissions within the European Union.

- Chapter 1: An Overview of the CO2 Emissions Control System in the European Union by Jacques Lesourne, Chairman of the Scientific Committee of the Ifri Energy Program and Maïté Jauréguy-Naudin, Reserach Fellow and Program manager of the Ifri Energy Program.

- Chapter 2: Description and Assessment of EU CO2 Regulations by Yves Smeers, Tractebel Professor of Energy Economics, Université Catholique de Louvain.

- Chapter 3: Assessment of EU CO2 Regulations by Jean-Paul Bouttes, Executive VP, Corporate Strategy, Prospective and International Affairs, EdF, Jean-Michel Trochet, Senior Economist, EdF and François Dassa, Head of International Corporate Relations, Prospective and International Affairs, EdF.

- Chapter 4: Investment In Low Carbon Technologies, Policies For The Power Sector by Karsten Neuhoff, Research Associate at the Faculty of Economics, University of Cambridge.

- Chapter 5: Lessons Learned From The 2005-2007 Trial Phase of the EU Emission Trading System by Jan Horst Keppler, Professor of Economics at the University Paris Dauphine and Director of the Ifri Energy Program.

Since it is almost unanimously accepted that Greenhouse Gas emissions constitute the main cause of the observed increase of the world average temperature, the system implemented by the EU to limit and decrease the CO2 emissions is a significant pillar of the EU energy policy, the two others being the acceptance by the Member States of long-term commitments (for instance on the future share of renewable energy sources in their energy balance sheet…) and the establishment of an internal market for electricity and gas.

Though simple in principle, the European Greenhouse Gas Emission Trading Scheme (EU ETS) is in fact rather complex, and only experts really understand its merits and its deficiencies. These deficiencies are real and will have to be corrected in the future for the system to be effective.

At a moment , when the 2005-2007 trial phase of the EU ETS is ending, the monograph has the purpose to stimulate the discussion between experts and to enable all those interested in the topic to understand the issues and to take part in the public debates on the subject.

With contributions by Jean-Paul Bouttes, François Dassa, Maïté Jauréguy-Naudin, Jan Horst Keppler, Jacques Lesourne, Karsten Neuhoff, Yves Smeers and Jean-Michel Trochet.

To Order to the documentation française