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Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a scheme for greenhouse gas emission allowance trading within the Community and amending Council Directive 96/61/EC (Text with EEA relevance) article 25 CELEX: 02003L0087-20240301 Links with other greenhouse gas emissions trading systems ◄
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 EU ETS ◄ and other greenhouse gas emissions trading systems ◄ in accordance with the rules set out in Article 300 of the Treaty. 1a. Agreements may be made to provide for the recognition of allowances between the EU 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 EU ETS ◄ or other mandatory greenhouse gas emissions trading systems with absolute emissions caps.
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