Climate policy raises a number of challenges for the energy sector, the most significant being the transition from a high to a low-CO2 energy path in a few decades. Act Locally, Trade Globally seeks to provide a complete picture of the future role of emissions trading in climate policy and the...

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,...