In 1997, the Kyoto Protocol first proposed using market mechanisms as a new approach to addressing greenhouse gas emissions reductions. In recent years, the development of the global carbon market has accelerated, from quota restrictions to the operation of quota sales markets, from the enactment of regulations to the supervision and management of enforcement inspections, improving market trading mechanisms
The International Carbon Action Partnership report shows that by the end of 2020, carbon market prices in regions such as the EU, New Zealand, and North America had risen compared to the beginning of the year, demonstrating the strong resilience of the carbon market. The report recommends that policymakers set more ambitious total control targets and expand coverage
The International Carbon Action Partnership report shows that by the end of 2020, carbon market prices in regions such as the EU, New Zealand, and North America had risen compared to the beginning of the year, demonstrating the strong resilience of the carbon market. The report recommends that policymakers set more ambitious total control targets and expand coverage