Carbon emissions trading spreads across the globe
Traders’ enthusiasm for the European Union Emissions Trading System has slumped during recent years. But at the same time, there have been a variety of significant developments in carbon markets elsewhere around the globe. Gillian Carr rounds up some of the most interesting trends
The 1997 Kyoto Protocol cemented the status of cap-and-trade schemes as an internationally agreed method of cutting emissions of carbon dioxide (CO2) and other greenhouse gases. Since then, the European Union Emissions Trading System (EU ETS) – the world's biggest carbon market by far, which was set up in 2005 – has undergone a rollercoaster ride. At first, the market saw a wide array of
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