Carbon emission trading | carbon emission
AnapproachtolimitclimatechangebycreatingamarketwithlimitedallowancesforCO2emissions"Carbonmarket"redirectshere.ForthemarketinCebuCity,Philippines,seeCarbonMarket.Carbonemissiontrade–allowancepricesfrom2008Emissiontrading(ETS)forcarbondioxide(CO2)andothergreenhousegases(GHG)isaformofcarbonpricing;alsoknownascapandtrade(CAT)orcarbonpricing.Itisanapproachtolimitclimatechangebycreatingamarketwithlimitedallowancesforemissions.Thiscanlowercompetitivenessoffossilfuelsandaccelerateinvestmentsintolow...
An approach to limit climate change by creating a market with limited allowances for CO2 emissions
"Carbon market" redirects here. For the market in Cebu City, Philippines, see Carbon Market. Carbon emission trade – allowance prices from 2008Emission trading (ETS) for carbon dioxide (CO2) and other greenhouse gases (GHG) is a form of carbon pricing; also known as cap and trade (CAT) or carbon pricing. It is an approach to limit climate change by creating a market with limited allowances for emissions. This can lower competitiveness of fossil fuels and accelerate investments into low carbon sources of energy such as wind power and photovoltaics. Fossil fuels are the main driver for climate change. They account for 89% of all CO2 emissions and 68% of all GHG emissions.[1]
Emissions trading works by setting a quantitative total limit on the emissions produced by all participating emitters. As a result, the price automatically adjusts to this target. This is the main a...