| Regulation of greenhouse gas emissions, including caps and prices, is spreading around the world. Jurisdictions without something in place are becoming the exception. Back in January I noted that carbon pricing is in place or legislated in jurisdictions accounting for around a quarter of the world’s CO2 emissions from energy and industry (with typically around half of emissions in these jurisdictions being priced).
This is a huge increase from ten years ago, just before the introduction of the EUETS, when the corresponding figure was less than 1%. But this trend is now set to go much further as limits on carbon emissions spread nationally in China and the USA. A national emissions trading scheme in China is expected before the end of this decade, following on from the provincial trial schemes already established. EPA regulation in the USA will introduce caps on emissions from the power sector to take effect from 2020...............................................Full Article: Source
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