A World Bank report finds more than 40 national and 20 sub-national government jurisdictions are either implementing or considering carbon pricing mechanisms.
Collectively these systems cover 10 gigatons of annual CO2 emissions – equal to roughly 20% of global emissions.
With roughly 18 months until launch, South Korea appears on the path to launch the world’s most ambitious cap and trade market, with the highest global price on carbon.
The government is still finalizing system design, set to launch in January 2015, but it could ultimately cover 70% of national emissions and reach $90 per ton of carbon.
The US paper industry is one of the three non-fossil-energy industries that will be affected under the Clean Energy Jobs & American Power Act; the climate bill being attempted in the Senate; to regulate the industries that emit over 25,000 tons/yr of carbon dioxide. Cement-making and steel production are the … [continued]
What we call Cap and Trade, (and what China is now considering) has already just been tried out in Europe, to meet Kyoto. They called theirs the EU Emissions Trading System. China will call theirs “Limit and Incentivize”. Regardless of whether we call it: capping or limiting emissions and trading … [continued]
