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Gambling on the Green Transition

By: Editors

The EU’s market for carbon credits is still a market — and it’s plagued by fraud and speculation.

Since 2005, the European Union (EU) has been running the world’s largest experiment in emissions trading, a climate measure that attempts to put a price on carbon. Under the EU’s Emissions Trading System (ETS), polluters must cover their carbon emissions by purchasing allowances, whose value is set on an open market. The idea is that […]

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ESC

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Since 2005, the European Union (EU) has been running the world’s largest experiment in emissions trading, a climate measure that attempts to put a price on carbon. Under the EU’s Emissions Trading System (ETS), polluters must cover their carbon emissions by purchasing allowances, whose value is set on an open market. The idea is that […]

Medium

Since 2005, the European Union (EU) has been running the world’s largest experiment in emissions trading, a climate measure that attempts to put a price on carbon. Under the EU’s Emissions Trading System (ETS), polluters must cover their carbon emissions by purchasing allowances, whose value is set on an open market. The idea is that […]

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Since 2005, the European Union (EU) has been running the world’s largest experiment in emissions trading, a climate measure that attempts to put a price on carbon. Under the EU’s Emissions Trading System (ETS), polluters must cover their carbon emissions by purchasing allowances, whose value is set on an open market. The idea is that […]

Jacobin