Partnership paves way for global carbon market

Partnership paves way for global carbon market

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You have full access to this article via your institution. Download PDF A coalition of countries, US states and Canadian provinces formed a partnership last week to promote the establishment of a global carbon-trading market. Officials billed the International Carbon Action Partnership as a central repository for sharing information among various nations and coalitions that are adopting market-based regulations for greenhouse gases. The goal is to align the development of independent markets so that they can serve as the foundation for an integrated global market. The European Union has a functioning carbon-trading market under the Kyoto Protocol, and the Chicago Climate Exchange, a smaller market based on voluntary emissions reductions, is operational in the United States. The new coalition includes nine members of the European Union, the European Commission, ten US states and two Canadian provinces that are organizing two regional greenhouse-gas markets. New Zealand and Norway are also founding members. RIGHTS AND PERMISSIONS Reprints and permissions ABOUT THIS ARTICLE CITE THIS ARTICLE Partnership paves way for global carbon market. _Nature_ 450, 149 (2007). https://doi.org/10.1038/450149b Download citation * Published: 07 November 2007 * Issue Date: 08 November 2007 * DOI: https://doi.org/10.1038/450149b SHARE THIS ARTICLE Anyone you share the following link with will be able to read this content: Get shareable link Sorry, a shareable link is not currently available for this article. Copy to clipboard Provided by the Springer Nature SharedIt content-sharing initiative

You have full access to this article via your institution. Download PDF A coalition of countries, US states and Canadian provinces formed a partnership last week to promote the establishment


of a global carbon-trading market. Officials billed the International Carbon Action Partnership as a central repository for sharing information among various nations and coalitions that are


adopting market-based regulations for greenhouse gases. The goal is to align the development of independent markets so that they can serve as the foundation for an integrated global market.


The European Union has a functioning carbon-trading market under the Kyoto Protocol, and the Chicago Climate Exchange, a smaller market based on voluntary emissions reductions, is


operational in the United States. The new coalition includes nine members of the European Union, the European Commission, ten US states and two Canadian provinces that are organizing two


regional greenhouse-gas markets. New Zealand and Norway are also founding members. RIGHTS AND PERMISSIONS Reprints and permissions ABOUT THIS ARTICLE CITE THIS ARTICLE Partnership paves way


for global carbon market. _Nature_ 450, 149 (2007). https://doi.org/10.1038/450149b Download citation * Published: 07 November 2007 * Issue Date: 08 November 2007 * DOI:


https://doi.org/10.1038/450149b SHARE THIS ARTICLE Anyone you share the following link with will be able to read this content: Get shareable link Sorry, a shareable link is not currently


available for this article. Copy to clipboard Provided by the Springer Nature SharedIt content-sharing initiative