What is the role of the energy transition in global energy demand? With the recent events of the war in Ukraine promoted by Russia, European countries are having to make an unsustainable move to maintain their energy supply.
The carbon market emerged in 1997, at COP 3, in Japan. It was with the Kyoto Protocol that the first rules for regulated markets and the permission to create voluntary markets were instituted. Since then, countries have joined the market and created their own initiatives.