-
Carbon Leakage
Carbon leakage is a term used to describe the phenomenon where emissions are simply shifted from one country to another, rather than being reduced globally. This can happen for several reasons: Carbon leakage is a problem because it negates the efforts of countries to reduce emissions and undermines the effectiveness of global efforts to combat…
-
China’s Emissions Trading System Faces Challenges as Officials Target Data Fraud and Plan Expansion
Chinese authorities have announced a crackdown on carbon data fraud in an effort to strengthen the nation’s emissions trading system ahead of its expansion, according to Bloomberg’s news. The current system, which encompasses over 2,000 major power plants and covers more emissions than any other trading system globally, has been facing challenges, including low prices,…