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Policy & Regulation

Latin American carbon markets gain momentum

Latin American countries – led by Mexico – have emerged as enthusiastic supporters of cap-and-trade markets to reduce greenhouse gas emissions Latin American countries – led by Mexico – have emerged as enthusiastic supporters of cap-and-trade markets to reduce greenhouse gas emissions.
By Alessandro Vitelli 14 February 2020 Americas / Supply & Demand 0 35011
Construction work on an elecdtricity transmission tower in Chile. (Abengoa)

Carbon markets are slowly coming to life around the world as nations gear up to tackle the Paris agreement goal of reaching net-carbon neutrality by the second half of the century.

Despite the lack of agreement among nations on how global emissions trading should be regulated, individual governments are not waiting for the UN. A growing number of developing countries are moving from feasibility studies to the design and implementation stages.

Examples from Europe show carbon trading can help trigger fuel switching from coal...