| How can you force firms to cut down their carbon emissions? Put a price on them. That's the idea behind carbon trading, which got a boost last week when California launched the world's second-largest carbon market. Other new and improved trading systems are springing up around the globe and could eventually work together.
We need to cut greenhouse gas emissions as efficiently as possible to prevent dangerous climate change. So, the argument for carbon trading goes, we should be able to trade the right to emit: firms that cut emissions can profit by selling emissions permits to those that do not.............................................Full Article: Source
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