Professionals connected with the carbon market are hoping that the United States Congress would soon give approval to a federal “cap-and-trade” scheme that is bound to boost emissions trading.

Fiddlers Ferry Coal Power Station near Liverpool

Fiddlers Ferry Coal Power Station near Liverpool

It was the existing Kyoto Protocol that laid the foundations for emissions trading by imposing caps on emissions in Europe and other developed countries. And, this is the driving force behind the $92-billion European emissions trading scheme.

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