Scenarios about 'emissions trading'
Emissions trading is a market-based approach to controlling pollution by providing economic incentives for reducing emissions of specific pollutants, particularly greenhouse gases. This system, also known as cap-and-trade, establishes limits on emissions while allowing companies to buy and sell emission allowances. In alternate history scenarios, different implementations or earlier adoption of emissions trading could significantly alter industrial development patterns, international climate agreements, and the global transition to clean energy technologies.
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.