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  2. Emissions trading - Wikipedia

    en.wikipedia.org/wiki/Emissions_trading

    An early example of an emission trading system has been the sulfur dioxide (SO 2) trading system under the framework of the Acid Rain Program of the 1990 Clean Air Act in the U.S. Under the program, which is essentially a cap-and-trade emissions trading system, SO 2 emissions were reduced by 50% from 1980 levels by 2007. [58]

  3. European Union Emissions Trading System - Wikipedia

    en.wikipedia.org/wiki/European_Union_Emissions...

    The European Union Emission Trading Scheme (or EU-ETS) is the largest multi-national, greenhouse gas emissions trading scheme in the world. After voluntary trials in the UK and Denmark, Phase I began operation in January 2005 with all 15 member states of the European Union participating. [12]

  4. UK Emissions Trading Scheme - Wikipedia

    en.wikipedia.org/wiki/UK_Emissions_Trading_Scheme

    The UK Emissions Trading Scheme (UK ETS) is the carbon emission trading scheme of the United Kingdom. [1] It is cap and trade and came into operation on 1 January 2021 following the UK's departure from the European Union. [2] The cap is reduced in line with the UK's 2050 net zero commitment. [3]

  5. China’s new carbon emissions trading scheme explained - AOL

    www.aol.com/news/china-carbon-emissions-trading...

    China’s long-awaited national carbon emissions trading scheme – or ETS – made its debut in mid-July.It’s the world’s largest carbon market by volume, with more than 2,000 power plants ...

  6. Carbon emission trading - Wikipedia

    en.wikipedia.org/wiki/Carbon_emission_trading

    Carbon emission trading (also called carbon market, emission trading scheme (ETS) or cap and trade) is a type of emissions trading scheme designed for carbon dioxide (CO 2) and other greenhouse gases (GHGs). A form of carbon pricing, its purpose is to limit climate change by creating a market with limited allowances for emissions.

  7. EU Allowance - Wikipedia

    en.wikipedia.org/wiki/EU_Allowance

    Introduced in 2005, the EU ETS is the first and largest greenhouse gas emissions trading scheme worldwide. It covers approximately 10,000 installations including power generation, various industries, and intra-European aviation, which collectively account for about 40% of the EU's greenhouse gas emissions.

  8. New Zealand Emissions Trading Scheme - Wikipedia

    en.wikipedia.org/wiki/New_Zealand_Emissions...

    The New Zealand Emissions Trading Scheme (NZ ETS) is an all-gases partial-coverage uncapped domestic emissions trading scheme that features price floors, forestry offsetting, free allocation and auctioning of emissions units.

  9. Flexible Mechanisms - Wikipedia

    en.wikipedia.org/wiki/Flexible_Mechanisms

    The EU elected to be treated as such a group, and created the EU Emissions Trading Scheme (ETS). The EU ETS uses EAUs (EU Allowance Units), each equivalent to a Kyoto AAU. The scheme went into operation on 1 January 2005, although a forward market has existed since 2003.