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Carbon emissions trading spreads across the globe

Posted on 30 April 2014

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.
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………………………………………..Full Article: Source


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