Carbon emissions trading spreads across the globe

shu-17984263-emissionsindustry — Emissions market: going global

Gillian Carr
29 Apr 2014

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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 industrial emitters, utilities, investment banks and hedge funds all participating in the trading of European

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