Council of the European Union
Cite as https://mymun.com/ppdb/6919
Delegation from the Republic of Italy
Represented by Selin Immel, WHU - Otto Beisheim School of Management
Position Paper for the Council of the European Union
The topics before the Council of the European Union are: the European Union’s Carbon Market Reform, and the Brexit. The Republic of Italy looks forward to working multilaterally with Member States in addressing these issues at the upcoming conference.
I. The European Union’s Carbon Market Reform The European Carbon Market is regulated through the EU Emissions Trading System (EU ETS), which functions similar to a free goods market. Emission Allowances can be bought on the market, with one allowance equaling one ton of carbon emitted. The intention was to turn these allowances into a scarce resource through introducing a “cap” in order to inc...