Clifford Chance

Clifford Chance Comment: Emissions Trading: Current issues and future directions

3 October 2012

International carbon markets are in a state of flux. The impending end of the first commitment period of the Kyoto Protocol, the imminent start of Phase 3 of the European Union emissions trading scheme (EU ETS) and the development of new schemes elsewhere mean ongoing uncertainty for investors, but also potential opportunities.   This briefing provides an overview of the current state of international carbon markets, highlights some of the key recent developments internationally and in specific jurisdictions, and considers the future of emissions trading.   

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