RGGI Carbon Market Invests $1 Billion In Clean Energy
The Northeast U.S. RGGI carbon market has just released an inventory of how over $1 billion in revenue has been invested in clean energy for member states.
The Northeast U.S. RGGI carbon market has just released an inventory of how over $1 billion in revenue has been invested in clean energy for member states.
Ontario and two Midwest US grid operators are creating carbon markets, meaning half of North America’s population may soon live in cap-and-trade systems.
North America’s carbon markets just completed the first international cap-and-trade system linkage and raised $500 million for clean energy investment.
President Obama’s pending power plant emissions rules are getting all the attention, but China may have just made an even bigger carbon market policy move.
For carbon markets across the world it was the best of times, it was the worst of times. Plummeting European Union carbon prices following a key EU vote seem to demonstrate in the clearest terms that cap and trade is doomed to fail.
But declaring the death of carbon markets and cap and trade policy over Europe’s struggles is a knee-jerk reaction which overlooks significant developments for carbon trading around the world – ones which could ultimately rescue the EU and cement cap and trade as a global climate change solution.