THE FUTURE OF EMISSIONS TRADING
EU ETS has no sunset clause and will most likely continue beyond Phase III. The outlook for a federal US cap and trade programme essentially died with Kerry–Lieberman in 2010, as the likelihood of another Democrat majority in the House and Senate is not expected anytime soon. So, the US and Canada will rely on their regional markets, with more states and provinces joining in as WCI and RGGI prove successful.
In Asia, there is promise that the world’s largest polluter, China, will establish a national cap and trade scheme. The success of six regional pilot programmes (scheduled to launch in 2013) could determine the country’s willingness to move forward with a national carbon market in 2015 or beyond. Meanwhile, ...
Get Mastering the Commodities Markets now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
