In the past few years, the implementation of carbon markets and emissions trading systems (ETS) adopted by the European Union in 2005 to mitigate climate change has become mainstream in several regions of the world.
This paper looks at different ETS in the world, how they compare to more traditional market mechanisms and discusses what the future may be for ETS.
Thanks to the authors: Emma Zambelli, Mani Afshar and Vesela Deneva
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