| Worldwide, carbon pricing has become a cornerstone policy tool for tackling climate change. Regions pricing carbon have grown exponentially since 2009—with the majority of this “bottom-up” growth taking the form of greenhouse gas cap-and-trade programs.
According to the International Carbon Action Partnership’s Status Report 2016, 40 percent of global GDP is covered by an emissions trading system (ETS)—a figure projected to increase to 49 percent in 2017. By this time next year, some 16 percent of global emissions will be covered by ETS, up from only 4 percent in 2004...............................................Full Article: Source
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