Cap and Trade: What's New, What's Next -

25 January 2018

Cap and Trade: What’s New, What’s Next

In 2017, the current administration announced its plans to withdraw the US from the Paris Climate Agreement, scrap the Clean Power Plan, and squash other climate change efforts. In response, states, cities, and businesses that make up over half of the US economy are taking matters into their own hands with independent cap and trade plans to reduce GHG emissions. 

Countries around the world have also announced their plans for carbon pricing programs. 

Here’s a look back at what happened in cap and trade in 2017:

Looking ahead to 2018:

The bottom line

Many regions adopted cap-and-trade programs in 2017, and that number is expected to grow in 2018. As carbon pricing programs become more common, companies that are able to reduce their emissions faster will gain a competitive advantage. View our free climate risk management guide for more information on how to address climate-related risks.

Author

Lisam