21.12.2012 - Carbon tax global trading market likely by 2020
It is not expected that a unified global carbon trading market will be established until at least 2020. Although Europe has an active trading market, international agreement to establish a single global trading scheme will be dependent on the establishment of a US Federal trading system. A global market is dependent on domestic climate change action by the US at a federal level. At the moment this seems unlikely in the near future. As a preferred route, countries are developing their own markets and are trading between countries...............................................Full Article: Source
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