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The globalization of carbon

Posted on 04 September 2013

Have you heard of carbon trading? Where a country or region sets a cap for its emissions, and then uses permit trading to seek out the cheapest cuts. I’m guessing you have. But what about the carbon in trade? The carbon that moves around the world in the form of fossil fuels and finished products. Heard of it?
When we talk about carbon emissions we invariably talk about where emissions occur due to fossil fuel combustion. But carbon moves around a lot. Oil moves from the Middle East to Europe before being used and products purchased in the US are often made in China. These movements have important implications for climate policy………………………………………..Full Article: Source


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VRS - who has written 38561 posts on Opalesque Commodities Briefing.


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