European and Chinese Emission Trading Scheme

Riccardo Antonucci

European and Chinese Emission Trading Scheme

Číslo: 3/2020
Periodikum: Mezinárodní politika

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Anotace: The main idea of an emission trading scheme (ETS), or carbon market, is the idea that regulators should set mandatory limits for GHGs emissions and issue permits to pollute up to the given limit. These permits are traded among companies and their price is given by demand and supply, while companies can either stay below the limits or exceed by purchasing more permits – with the consequence of increasing their price.