Governing Emissions Trading in California and China
Legal Planet
MAY 9, 2022
As of 2021, 30 emissions trading systems were in force globally, covering 16 – 17 % of global greenhouse gas (GHG) emissions. Emissions trading systems are often launched with relatively lenient design features, typically justified as giving the system a chance to “learn-by-doing” and to gain political buy-in for approval of a program.
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