While a Trump administration and republican majority in both houses of the US congress have long-term implications for emissions trading at the international level, they have little effect on existing carbon markets in North America. A local election outcome in the US state of Washington bolsters prospect for enlargement of the world’s biggest carbon markets by traded value.
International implications Global carbon market implications of a Trump presidency starting in 2025 are already beginning to show themselves, with negotiations at COP29 getting nowhere on finance and that in turn hampering other parts of the negotiations. The gover…
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