LONDON: Britain recently launched its own carbon trading market, more than five months after Brexit, as the government targets lower emissions before this year’s vital UN climate change summit.The UK’s Emissions Trading Scheme went live two weeks ago, replacing the country’s involvement in the European Union’s system after it left the bloc at the start of the year.Carbon trading, a key way to prevent climate change, involves companies buying the right to pollute from others who have a lower carbon footprint.The UK scheme’s initial price of about £50 (RM 292) per tonne of carbon dioxide (C02) was slightly higher than the European price.By contrast, the average selling price was around $20 (RM
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