The Carbon Allowance Tale - Part 2: Adjustments towards a free market
New mechanisms helped the EU ETS become a more sophisticated scheme, driven by demand and supply.
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Markets
Markets
A way in which the price of an asset, good, or service is freely determined by the forces of demand and supply. (Market mechanisms are more complex than taxes, harder to implement and control, but they are also much more efficient, sector agnostic, and fair.)
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