Emissions trading is a market-based approach used to control pollution by providing financial incentives for achieving reductions in the emissions of pollutants.
For the last 50 years, scientists have been issuing dire warnings about climate change and the havoc it would soon bring to the world. But for most of us, global warming has long remained merely a matter of numbers from a computer model. As a result, we have taken little notice. That’s about to change.
The five months from May to September 2009 were the hottest in the UK since records began and July was the warmest month ever. In the South Pacific, the president of Kiribati, which is just 6ft above sea level, believes his nation may be submerged within a decade.
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How it Works