Time to comply with emissions-trading systems
Emissions-trading systems are here to stay. Oil and gas firms need to start budgeting for them
One of the clearest signals to emerge from the Paris climate summit in December was international support for carbon markets as a key weapon in the fight against climate change. But instead of a single, global market, industries like the energy sector face a growing number of national and regional systems. In agreeing a global target of net carbon neutrality in the second half of the century, the countries that agreed the deal explicitly signalled that large-scale burning of liquid and solid fuels will have to end. But rather than regulate the fossil-fuel business out of existence, these countries seem willing to provide it with a path towards net-zero carbon through the use of emissions-tra
Also in this section
22 July 2025
Africa’s most populous nation puts cap-and-trade and voluntary markets at the centre of its emerging strategy to achieve net zero by 2060
17 July 2025
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
9 July 2025
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30
3 July 2025
European Commission introduces new flexibilities for member states to ease compliance with headline goal
