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7 Tex. J. Oil Gas & Energy L. 261 (2011-2012)
The Norway-Sweden Certificate Market in Renewable Electricity: A Model for the European Union

handle is hein.journals/texjogel7 and id is 265 raw text is: THE NORWAY-SWEDEN CERTIFICATE MARKET IN RENEWABLE ELECTRICITY: A MODEL FOR THE EUROPEAN UNION? GEOFFREY GRAHAM TUDOR* I. INTRODUCTION ................................. .....261 A. General ............................................261 B. Overview of the El-certificate Market........... .......262 C. A New Vocabulary for a New Economic Creation...............265 II. MARKET CREATION ............................ ......266 A. Timeline .................................. ...... 266 B. History ................................................ 268 III. MARKET OPERATION ..................................... 272 A. Overview of Market Participants ............ ......... 272 B. State Participants ............................ ..... 273 C. El-certificate Eligible Participants ............. ....... 274 D. El-certificate Obligated Participants ............. ..... 277 E. Transmission Companies ..................... ...... 279 IV. THE EUROPEAN UNION'S RENEWABLE ENERGY SOURCES DIRECTIVE AND ITS INTERPLAY WITH THE NORWAY- SWEDEN AGREEMENT.................................. 281 V. THE MARKET AS A MODEL FOR EUROPE .......... .......... 283 VI. CONCLUSION ............................................ 287 I. INTRODUCTION A. General This paper takes a broad look at the new joint Norway-Sweden certificate market in renewable electricity (the Market): its fitful creation and its anticipated operation. However, rather than take a bird's eye * Geoffrey Tudor graduated in May 2012 from the University of Texas School of Law with an LL.M. degree in Global Energy, International Arbitration and Environmental Law. He received his J.D. degree from The University of Texas and his B.S. degree in biology from the Massachusetts Institute of Technology. Mr. Tudor also studied law at the University of Oslo in Oslo, Norway. He has practiced health care law since 1984, most recently as Regional General Counselor at Aetna US Healthcare, and previously as Assistant General Counsel for Prudential HealthCare. All translations are the author's own.

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