US cap-and-trade: efforts to standardise agreeements

Setting the standard for US carbon trading

US cap-and-trade

After beating a legal challenge that threatened to end its carbon cap-and-trade scheme before it had even started, California has refocused on its efforts to establish what will be the largest carbon emissions market in North America and the second largest in the world after the European Union Emissions Trading Scheme (EU ETS). The eight-year, state-wide scheme will cover 85% of California's greenhouse gas emissions and be regulated by the California Air Resources Board (Carb). It is due to

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