Electricity Prices Soar as Emissions Trading Shakes Up Power Sector
The article discusses how policies to cut greenhouse gas emissions will cost money, but trading emissions can lower these costs. This means that companies or countries with high costs to cut emissions can buy credits from those with lower costs. There will still be costs and changes, like switching to cleaner energy sources, impacting electricity prices. The exact effects depend on factors like what fuels a country uses and its energy policies. Uncertainties in implementing emissions trading will also affect how much impact is felt.