Vaiciulis, Rolandas2016-02-172016-02-172016-02-17(2016) 118 Resources 6-70714-5918http://hdl.handle.net/1880/51108Emissions trading is not a new phenomenon. Emissions Trading Schemes (ETSs) have long been used as market-based environmental policy tools for combating climate change in a cost-effective way. Currently, the European Union (EU), Australia, Japan, some US states and Canadian provinces, New Zealand, South Korea and China, have established or are currently developing their ETSs. Considerations for establishing further ETSs are also in progress in Brazil, Chile, Mexico and Turkey.enEmissions Trading Schemesinternational cooperation in climate policyâ—¾Linkage: Recent Developments in the EU, Australia, Quebec and Californiajournal article10.11575/PRISM/34409