Directive 2003/87/EC of the European Parliament and of the CouncilShow full title

Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a system for greenhouse gas emission allowance trading within the Union and amending Council Directive 96/61/EC (Text with EEA relevance)

Article 25U.K.Links with other greenhouse gas emissions trading [F1systems]

1.Agreements should be concluded with third countries listed in Annex B to the Kyoto Protocol which have ratified the Protocol to provide for the mutual recognition of allowances between the [F1EU ETS] and other greenhouse gas emissions trading [F1systems] in accordance with the rules set out in Article 300 of the Treaty.

[F21a. Agreements may be made to provide for the recognition of allowances between the [F1EU ETS] and compatible mandatory greenhouse gas emissions trading systems with absolute emissions caps established in any other country or in sub-federal or regional entities.

1b. Non-binding arrangements may be made with third countries or with sub-federal or regional entities to provide for administrative and technical coordination in relation to allowances in the [F1EU ETS] or other mandatory greenhouse gas emissions trading systems with absolute emissions caps.]

F32.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .