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Resource management and environmental policies form the basis for establishing relevant legislation and regulations; they ensure that government policies relating to gas flaring are being achieved efficiently and most effectively. It is the responsibility of government to set out a country's resource management and environmental policy. As part of developing a relevant policy, it is recommended that the government specify the strategy and the role flare reductions can and should play to achieve overall environmental and resource management objectives. This paper is in tune with the effectiveness of the emissions trading scheme which has considerable impact on flaring of gas on the (United Kingdom Continental Shelf) UKCS,1 the essay starts with a brief introduction, overview of onshore and offshore gas flaring in the United Kingdom, The effectiveness and impact of the emission trading scheme on the UKCS and finally the conclusion. [ABSTRACT FROM AUTHOR]

Cap-and-trade schemes are of tremendous interest in the current trends of climate law and policy. Taking into account Phase I and Phase II, the EU ETS directive has been reformed in 2009 and will establish a totally new Phase III starting from 2013 until 2020. The new system will propose a broader material scope, new forms of allocation of allowances, due attention to benchmark free allowances and careful measures to address carbon leakage. Furthermore, the directive sets new forms of market oversight and opens up for stronger relations with other compatible systems. On the other side of the Atlantic, the lack of a US federal cap-and-trade system has not prevented the creation of sub-national or regional cap-and-trade schemes. The Californian cap-and-trade final regulation represents the most interesting and most advanced scheme in the US. It has been eventually adopted in fall 2011 and is designed to reduce GHG emissions by 2020 through a market-based compliance system. The two systems show improvements to earlier forms of emissions trading, but still raise questions on the actual compatibility between each other. [ABSTRACT FROM AUTHOR]