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| News |
New round of carbon trading seeks to introduce scarcity to market
Source: Posted: 12-01-2006 at 12:00:26
| Edie: The ETS works by allocating carbon credits to energy companies and energy-intensive industries. Those which emit less carbon than the set limit can cash in their credits, while those which exceed it need to buy in more. Credits can be bought from within the market or earned through paying for carbon offsetting, generally in the developing world, under schemes accredited by the UN-regulated Clean Development Mechanism (CDM). Critics of the system say it failed to have a real ... |
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