The European Carbon Emissions Trading Scheme

In 2005, the European Union introduced the first carbon market, which remains the largest emissions

trading

The buying and selling of products in financial markets.

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scheme in the world, covering almost 50% of Europe’s CO₂ emissions. Although it may at first seem complex, the way it works is explained here using just a few images, in a video put together by IFP Énergies Nouvelles, the French Environment and Energy Management Agency (ADEME) and CDC-Climat-Recherche.