Over the last three years, the global carbon market has more than doubled in volume but almost halved in value. In that time a further eight countries, states or cities have adopted a carbon market as their primary means for reducing greenhouse gas emissions. Yet the price for one tonne of carbon dioxide equivalent has dropped by as much as 100 per cent in some markets. A new paper from the Parliamentary Library provides a basic overview of the size and value of the global carbon market and details exactly which countries and regions are covered by a mandatory emissions trading scheme (ETS). Here is a snapshot of that paper. The table below provides details of all mandatory legislated ETSs... Read more...
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