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Corus steel plant in IJmuiden, Netherlands, Mar. 30, 2011. An evaluation of the European Union’s Emission Trading Scheme shows carbon trading has had only modest success in reducing emissions.

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Journal Article - Global Environmental Politics

The Globalization of Carbon Trading: Transnational Business Coalitions in Climate Politics

| May 2011

Over the last decade, carbon trading has emerged as the policy instrument of choice in the industrialized world to address global climate change. This paper argues that a transnational business coalition, representing mostly energy firms and energy-intensive manufacturers, actively promoted the global rise of carbon trading. In this process, business could draw on the support of government allies and business-oriented environmental groups, particularly in the UK and the US.