Scenarios about 'carbon markets'
Carbon markets are economic systems designed to reduce greenhouse gas emissions by putting a price on carbon dioxide and allowing entities to trade emission permits. Established following international climate agreements like the Kyoto Protocol, these markets create financial incentives for businesses and governments to limit their carbon footprint. Carbon markets represent a market-based approach to environmental policy that can feature prominently in alternate histories exploring different climate change responses or economic development paths.
What If Cap and Trade Systems Were Widely Adopted?
Exploring the alternate timeline where cap and trade carbon markets became the global standard for emissions reduction, potentially transforming climate action and the world economy.