Abstract

The growing interest in limiting the negative effects of pollution on the European level led to the development and implementation of a European mechanism, beginning with 2003, voluntarily assumed by all the member states aiming at reducing the greenhouse gases, besides the mechanism required by the Kyoto Treaty. The effects of this mechanism on the industry development inside the community as well as on each member state’s industry are a large debating subject. Romania’s integration in the community economic area means not only observance of the commitments assumed by the community in all action branches, but also active appropriate measures. In this context, this work aims at analyzing the impact the environment regulations have on the Romanian industry, especially the European Union Emissions Trading Scheme (EU-ETS), while adopting those objectives meant to reduce the greenhouse gases. The first part of the article presents a panoramic analysis of the community frame for implementing the EU-ETS scheme, and the second part analyzes the effects and mutations suffered as a consequence of the fact that the local industry is in accordance with the new environment conditions, but also of the necessity to review the pollution quotas and certificates.

Key words: European Union Emissions Trading Scheme (EU-ETS), ecologic impact, durable development, industrial collapse.

Abbreviation

JI, Joint implementation; CDM, clean development mechanism; EU-ETS, European union emissions trading scheme.

JEL Classification: Q53, Q58