| Will the current UN climate talks do enough to create common standards for international emissions trading in the future or should interested parties look outside the multilateral process? Around the world, governments are increasingly pursuing market-based approaches to reduce their greenhouse gas (GHG) emissions.
South Korea’s emissions trading scheme entered force at the start of this year and is currently the world’s second largest carbon market. Many other carbon pricing policies are either in force or in the planning stages, including in emerging markets such as Brazil, China, and Mexico..............................................Full Article: Source
|