30 years: Emissions Trading Schemes
In this video, Nicola Steen explores the origins and key features of global emissions trading schemes by covering the first UK ETS and then the EU ETS which effectively shut down the original UK ETS. Nicola will also explain the origin of the new UK ETS following Brexit. Finally she will also outline features of the California ETS and China ETS.
In this video, Nicola Steen explores the origins and key features of global emissions trading schemes by covering the first UK ETS and then the EU ETS which effectively shut down the original UK ETS. Nicola will also explain the origin of the new UK ETS following Brexit. Finally she will also outline features of the California ETS and China ETS.
7 mins 20 secs
Emissions trading schemes are an effective policy tool in major economies to combat climate change. However, the rules, mechanisms, participants and ultimately the effectiveness are different in each jurisdiction. It is vital to understand how schemes vary between different regions and how they can eventually bring about substantial reductions.
Key learning objectives:
Understand the origins and key features of some of the global ETS