The EU ETS leads the world but the Biden administration is formulating a system
Design of carbon markets is critical to success—CeraWeek
While a global carbon price would be ideal, political reality means a regional and sectoral approach will be needed to make short- to medium-term progress
Countries and regions should design internal carbon-trading systems built on sound financial principles so progress on decarbonisation can be made quickly without distorting economic activity more than absolutely necessary, experts agreed at a CeraWeek panel this week. The establishment of a global carbon-trading system is the gold standard but would take many years to accomplish and would have a disproportionate impact on certain countries. Therefore, economic blocs should go it alone, in the meantime, with measures such as carbon border taxes to reduce international distortion. “The committee… unanimously agreed that a price on carbon is the best and quickest solution to address clim
Also in this section
11 November 2025
Transition policies must recognise that significant industrial demand for carbon will continue even as economies hit net zero
6 November 2025
After years of pursuing ideologically driven climate leadership, Western powers are now stepping back under mounting political pressure and rising populist opposition—prompting concern essential climate action could be sidelined
17 October 2025
The business case for CCS is strengthening as costs decline, but deployment must accelerate to align with credible net-zero scenarios
17 October 2025
The black-tie gala recognised the energy industry’s leading innovations and thought leaders from across the value chain
