2Article 1 of 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 Union and amending Council Directive 96/61/EC (OJ 2003 L 275, p. 32), as amended by Directive (EU) 2018/410 of the European Parliament and of the Council of 14 March 2018 (OJ 2018 L 76, p. 3) (‘Directive 2003/87’), provides:‘This Directive establishes a system for greenhouse gas emission allowance trading within the Union ([the ‘ETS’]) in order to promote reductions of greenhouse gas emissions in a cost-effective and economically efficient manner.…’
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