Emissions Trading Systems: Trajectories for Development

... systems. Given these trends, there appears to be sufficient scope to create a platform for bringing the standards in national and regional ETS systems into greater conformity, writes Valdai Club Programme Director Yaroslav Lissovolik. Across the continent Eurasia, major constituencies such as the EU, China and Russia are forging ahead with their plans to develop an emissions trading system (ETS). The system works by putting a limit on overall emissions which is reduced each year. Within this limit, companies can buy and sell emission allowances – ...