Greenhouse Gas Emissions and Commodity Trading

Climate change and reduction of greenhouse gas emissions are two of the pressing issues of our time. On a policy level, internationally as well as nationally, climate change mitigation goals and strategies have been implemented. The United Nations’ Sustainable Development Goal 13 “Climate Action” and the related SDG 7 “Affordable Clean Energy” aim in this direction. The European Green Deal is an effort to make Europe the first climate-neutral continent. The United Kingdom has a net zero target for 2050 . Emissions trading schemes in both Europe and the U.S. have been set up but there still are