Climate change is a global problem that requires global solutions. Emissions trading schemes (ETS) provide such a solution cost-effectively, while putting an upper limit (“cap”) on GHG emissions. ETS play an important role by placing a price on carbon. They create incentives for investment in clean technologies and low carbon approaches.

By progressively linking ETS from the bottom-up, a global carbon market will also establishes a level playing field for covered sectors and a consistent regulatory framework across national borders.

For more information on the emissions trading schemes, click here.