Reported 9 months ago
The world is currently facing unprecedented challenges in climate change, with global greenhouse gas emissions being a key factor in global warming. In response, various governments and international organizations are seeking effective emission reduction strategies. Carbon trading systems have emerged as a way to encourage companies to seek the most cost-effective emission reduction methods by placing a cap on total emissions and allowing market trading within that framework. The EU ETS is the world's largest carbon emission trading market, while the CDP actively encourages global companies and governments to disclose their environmental impacts and climate change strategies through detailed surveys. These mechanisms help internalize environmental costs, promote a lower carbon future, and drive the global green transformation forward.
Source: YAHOO