Sentences with phrase «carbon trade bloc»

If the EU and China can work closely together and adopt other common standards, even form a low - carbon trade bloc for example, we can become the standard setters for the rest of the world.

Not exact matches

Major new study details how carbon prices across the bloc could double by 2021 if the EU moves to make emissions trading scheme compatible with the Paris Agreement

But Europe's relationship with carbon trading goes much deeper than economics, and «is now rooted in the bloc's aspirations to global leadership,» said Bernice Lee, an expert in energy and environment at Chatham House, a research institution in London.

The European Union's emissions trading scheme (ETS) is the world's largest cap - and - trade scheme, covering about half the bloc's carbon dioxide emissions.

Danish concerns were addressed with the introduction of a «cap and trade approach» to sectors previously considered outside the bloc's carbon market such as agriculture, buildings and transport — which alone represents 31 % of the bloc's emissions.