How does the European carbon market work?
Managing greenhouse gas emissions plays an important role in helping our economies follow a low-carbon trajectory. The objective of an emissions trading scheme is to help incentivize economic players from main emitting sectors – such as energy and industry – to reduce their CO2e emissions.
I4CE – Institute for Climate Economics, IFP Energies nouvelles and ADEME (French Environment and Energy Management Agency) present key facts on the functioning of the largest and oldest emissions trading scheme in the world: the European Union Emissions Trading Scheme.