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In this week\u2019s episode, host Daniel Raimi talks with Stefano De Clara, head of secretariat at the International Carbon Action Partnership, about the development of carbon markets around the world. Carbon markets, which also are known as \u201cemissions trading systems,\u201d are market-based policies that set a cap on total emissions and issue a limited number of emissions permits that emitters then can trade within the market. De Clara discusses carbon markets in Europe, China, India, Nigeria, and the United States; the growth of voluntary carbon markets; and policy developments to watch in the near future.\n\nReferences and recommendations:\n\n\u201cEmissions Trading Worldwide: 2023 International Carbon Action Partnership Status Report\u201d from the International Carbon Action Partnership; https://icapcarbonaction.com/en/publications/emissions-trading-worldwide-2023-icap-status-report\n\n\u201cThe New Map: Energy, Climate, and the Clash of Nations\u201d by Daniel Yergin; https://www.danielyergin.com/books/thenewmap\n\n\u201cThe Ministry for the Future\u201d by Kim Stanley Robinson; https://www.hachettebookgroup.com/titles/kim-stanley-robinson/the-ministry-for-the-future/9780316300162/\n\n\u201cFacing Fears and Imagining Innovation for Climate Change, with Kim Stanley Robinson; https://www.resources.org/resources-radio/facing-fears-and-imagining-innovation-for-climate-change-with-kim-stanley-robinson/