The article presents the context of formation of the European Union Emission Trading Scheme (EU ETS), and describes the mechanisms of its functioning in the past years, nowadays and in the future (in the period defined in directive 2009/29/WE). The author focuses on economy phenomena that have impact on effectiveness of emissions trading and tries to answer the question if this system has the ability to adjust to changes that affect the global market. Special emphasis has been laid on the difficult situation of Poland, as its national economy is not very innovative and requires huge investment expenditure, especially because of its energetic system that is based on coal in 93%. The article calls into question the effectiveness of the emissions trading program that has been designed in the times of good global economic situation and which, in fact, in the face of global crisis seems to cause only economic losses to the countries involved therein, without achieving intended ecological objectives.
The risk and the threats of modern world became the problem of day-to-day life of millions of people. They are tightly linked to different dimensions of globalization. In the sphere of nature we have greenhouse effect together with its all real and assumed consequences. In the economic dimension we have financial flows causing the threats to the stability of international economy, in technological dimension there is oversensitivity for terrorist attacks or simple breakdown of the computer systems. The political dimension brings the threats of war and terrorism. Number of these threats is related to spatial economy. These specific types of risk are discussed in this article.
