The Institutional Development of EU Climate Change Policy and its Expansion: from ETS to European Green Deal
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The EU has greatly expanded its climate change policy since the 2000s as introducing the emissions trading system (ETS) for the first time in the world since 2005, and has been pushing for a Green Deal that deals with overall climate change response after 2020. In the long run, the EU climate change policy is a growth engines that will create new jobs and secure competitiveness in international trade through related technology development, therefore, it is recognised as a key socio-economic policy linked to environmental, energy, agricultural and trade policies. In particular, the EU climate change policy extends economic benefits in conjunction with energy and trade policies in the international community, with the operation of the ETS and the introduction of the European Climate Law, and the Carbon Border Adjustment Mechanism (CBAM), which is included in European Green Deal. Through these policies, the EU is expanding its policy in response to climate change and strengthening its status as a climate change leader in the international community. Therefore, as leading entities in climate change response, strategic cooperation between Korea and the EU is required from a long-term perspective as it is possible to establish various cooperative models such as joint R&D and joint entry into third countries
Abstract
The EU has greatly expanded its climate change policy since the 2000s as introducing the emissions trading system (ETS) for the first time in the world since 2005, and has been pushing for a Green Deal that deals with overall climate change response after 2020. In the long run, the EU climate change policy is a growth engines that will create new jobs and secure competitiveness in international trade through related technology development, therefore, it is recognised as a key socio-economic policy linked to environmental, energy, agricultural and trade policies. In particular, the EU climate change policy extends economic benefits in conjunction with energy and trade policies in the international community, with the operation of the ETS and the introduction of the European Climate Law, and the Carbon Border Adjustment Mechanism (CBAM), which is included in European Green Deal. Through these policies, the EU is expanding its policy in response to climate change and strengthening its status as a climate change leader in the international community. Therefore, as leading entities in climate change response, strategic cooperation between Korea and the EU is required from a long-term perspective as it is possible to establish various cooperative models such as joint R&D and joint entry into third countries
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