With cap-and-trade systems or carbon taxes in place in more than 40 national and regional jurisdictions by the end of 2014, 2015 “is sizing up to be a make-or-break year for carbon markets in combatting climate change,” Silvio Marcacci writes on The Energy Collective.
Marcacci lists four key questions that will shape the growth of global carbon markets in 2015: Whether the collaboration between California and Quebec will grow into a North American market, whether the Regional Greenhouse Gas Initiative (RGGI) in the U.S. Northeast will double in size, whether the European Union can meaningfully reform its Emissions Trading System (ETS), and how China’s national carbon market will develop.
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