Global emission trading schemes market is expected to be driven on account of increasing importance of emission regulatory norms owing to rising emission levels. Emission trading schemes are finding increasing application with growing demand for emission allowances. The implementation of Kyoto Protocol for setting emission limits to reduce green house gas (GHG) emissions in February 2005 has resulted in increasing application of emission trading schemes. In January 2005, European Commission rolled out the European Union Emission Trading Scheme aiming to meet the emission levels set in the Kyoto Protocol. The implementation of these schemes under stages including, Phase III (2013-2020) and Phase IV (2021), is anticipated to have a positive impact on emission trading schemes market over the forecast period.
http://www.grandviewresearch.com/industry-analysis/emission-trading-schemes-market
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