Addressing the Problem of Carbon Leakage

Addressing the Problem of Carbon Leakage

The Nordic Council of Ministers (NCM) has recently released a fresh report on the danger of carbon leakage, a consequence of the increasing cost of carbon offsetting. Although the report focuses on the leakage issue from a Scandinavian mark of view, this is a difficulty for all carbon offsetting schemes, and particularly the EU Emissions Trading System (EU ETS) in which the Nordic countries participate. Commencement of the more stringent EU ETS Phase III is likely to increase the risk of carbon leakage since the prices of EU allowances are expected to rise as a result of the switch to...
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