The tie between Australia and the EU ETS has shown that linking distant carbon markets is not just speculative. And it seems likely that California will eventually want to go down this path as well.
By Matt Cowie
The one-way link between the CPM and the EU ETS announced at the end of August opens another exciting chapter in carbon market development. The new “global carbon market” may therefore start to look more like a club of developed nations rather than a pool of supply from developing country projects.
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