Reducing global carbon dioxide (CO2) emissions to net zero by 2050 is necessary to limit the long‐term increase in average global temperatures to 1.5 °C. Today, coal-fired power generation is the largest single source of CO2 emissions. Therefore, tackling emissions from this sector is...

International emission trading will be one of the most important tools in the effort to reduce greenhouse gas emissions in the atmosphere. The reason is clear: emission trading can bring impressive cost savings. While the private sector has embraced the concept and is well equipped to use it,...