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Carbon Trade

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Carbon Trade
A market proposed by the Kyoto Protocol in which each country participating receives a limit on the carbon emissions it and companies operating in it are allowed to produce. Countries (and/or companies) may buy and sell the emissions limits assigned to them. Carbon trade is intended to be an attempt to reduce overall carbon emissions while still allowing companies that may have difficulty doing so to have an outlet for transition. It is also called emissions trading.


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job loss, but also threatens our economic security abroad by starting a new international carbon trade war," Bond said Thursday.
Although that is essentially what the carbon trade is about, it is of course much more complicated in the real world.
Both countries agreed last week on a 30-million-tonne carbon trade deal, under which Asia's largest economy buys the right to emit more greenhouse gases while bringing environmentally friendly projects and technology to Ukraine.
 
 
 
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