WORLD EMISSIONS TRADING PLANS

FACTBOX-Carbon trading schemes around the world

Ben Garside, July 17, 2014 (Reuters)

“...Around 40 countries and over 20 states, regions or cities have started or plan to begin emissions trading schemes or carbon taxes to put a price on emissions…Under cap-and-trade schemes, companies or countries face a carbon limit. If they exceed the limit they can buy allowances from others. They can also purchase carbon offsets from outside projects that avoid emissions…Eight new carbon markets have opened since 2013…including [in] the world's top emitters China and the United States…But efforts to put a global price on greenhouse gases have been hampered as countries such as Japan, New Zealand, Russia and Canada look to weaken some of the measures they are taking…[The established schemes are]…1. Kyoto Protocol: Mandatory for 37 developed nations…2. European Union Emissions Trading Scheme. Launched…Covers: Nearly half of all EU CO2 emissions…3. New Zealand emissions trading scheme…4. Northeast U.S. states' Regional Greenhouse Gas Initiative (RGGI)… Covers: Carbon from power plants in nine northeast states…6. China: Pilot carbon trading schemes in seven provinces and cities…7. Mexican carbon tax…8. South Korea emissions trading scheme…”click here for more

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